Department of Labor and Regulation

Title - Banking

Banking Commission Activity Reports

March 2014
Trusts
   
Banks
American Bank & Trust, Wessington Springs, SD to merge with and into American State Bank, Pierre, SD
Approved
March 10, 2014
Great Western Bank, Watertown, SD to establish a branch bank at 600 Pierce Street, Sioux City, Iowa
Approved
March 20, 2014
BankStar Financial, Elkton, SD to merge First National Bank of Volga, SD with and into BankStar Financial, Elkton, SD with BankStar Financial as the surviving institution and to consolidate two Brookings locations into one location at 427 8th Street South, Brookings, SD
Approved
March 17, 2014
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in March are as follows:
Money Lending 
3
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender 
2
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
112
Licenses cancelled in March are as follows: 
Money Lending 
0
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
1
Current number of active licenses:    
Money Lending 
400
Money Transmitter
51
Mortgage Brokerage
13
Mortgage Lender
201
NR Mortgage Lender for Insurance Company
25
Mortgage Loan Originator
1,462
Total
2,152
February 2014
Trusts
Mariner Trust Company, LLC – Application to establish a Trust Service Office at 4200 West 115th Street, Suite 100, Leawood, KS
Approved
February 18, 2014
Banks
Plains Commerce Bank – Application to establish a branch bank in Bismarck, ND
Approved
February 4, 2014
American Bank & Trust, Wessington Springs, SD to merge with and into American State Bank, Pierre, SD
Pending
Great Western Bank, Watertown, SD to establish a branch bank at 600 Pierce Street, Sioux City, Iowa
Pending
BankStar Financial, Elkton, SD to merge First National Bank of Volga, SD with and into BankStar Financial, Elkton, SD with BankStar Financial as the surviving institution and to consolidate two Brookings locations into one location at 427 8th Street South, Brookings, SD
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in February are as follows:
Money Lending 
5
Money Transmitter
2
Mortgage Brokerage
0
Mortgage Lender 
2
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
30
Licenses cancelled in February are as follows: 
Money Lending 
1
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender
0
Non-Residential Mortgage Lender
0
Mortgage Loan Originator
2
Current number of active licenses:    
Money Lending 
397
Money Transmitter
51
Mortgage Brokerage
13
Mortgage Lender
199
NR Mortgage Lender for Insurance Company
25
Mortgage Loan Originator
1,350
Total
2,035
January 2014
Trusts
Dorsey & Whitney Trust Company LLC - Application to establish a Trust Service Office at 305 Lytton Avenue, Palo Alto, California
Approved
January 15, 2014
Expedition Trust Company - Application to establish a nondepository public trust company at 330 S. Poplar Avenue, Suite 103-K, Pierre, SD
Approved
January 16, 2014
Hamilton Trust Company of South Dakota LLC - Application to establish a nondepository public trust company at 201 S. Phillips Ave., Suite 124, Sioux Falls, SD
Approved
January 21, 2014
MadisonTrust Company, Inc. – Application to establish a nondepository public trust company at 401 East 8th Street, Suite 200P, Sioux Falls, SD
Approved
January 23, 2014
Sterling Trustees, LLC – Application to relocate from 201 S. Philips Avenue, Suite 222, Sioux Falls, SD to 101 S. Main Street, Suite 310, Sioux Falls, SD
Approved
January 24, 2014
Mariner Trust Company, LLC – Application to establish a Trust Service Office at 4200 West 115th Street, Suite 100, Leawood, KS
Pending
Banks
First Bank & Trust, Sioux Falls - Application to establish a loan production office at 1400 Washington Avenue North, Madison, SD
Approved
January 7, 2014
1st Financial Bank USA - Application to establish a loan production office at 55 East 59th Street, Floor 6, New York, NY
Approved
January 6, 2014
Minnwest Bank, M.V. Redwood Falls, Minnesota - Application to merge Minnwest Bank Sioux Falls, Sioux Falls, South Dakota with and into Minnwest Bank, M.V., Redwood Falls, Minnesota
Approved
January 15, 2014
Plains Commerce Bank – Application to establish a branch bank in Bismarck, ND
Pending
Licensees (Non-Profits are now included with Money Lending or Mortgage Lender)
New licenses issued in January are as follows:
Money Lending 
0
Money Transmitter
0
Mortgage Brokerage
0
Mortgage Lender 
6
Non-Residential Mortgage Lender
1
Mortgage Loan Originator
71
Licenses cancelled in January are as follows: 
Money Lending 
2
Money Transmitter
1
Mortgage Brokerage
4
Mortgage Lender
7
Non-Residential Mortgage Lender
2
Mortgage Loan Originator
312
Current number of active licenses:    
Money Lending 
395
Money Transmitter
48
Mortgage Brokerage
13
Mortgage Lender
197
NR Mortgage Lender for Insurance Company
25
Mortgage Loan Originator
1,322
Total
2,000

See also Annual Reports on our "About Us" Web page.

 


 

 


Marcia Hultman, Secretary
700 Governors Drive
Pierre, SD 57501-2291
Tel. 605.773.3101
Fax. 605.773.6184