Bank of South Dakota Overview
Bank of South Dakota, founded in December 24, 1934, is currently an active FDIC insured bank. The chartering agency for Bank of South Dakota is currently with the State. This FDIC insured bank is not being operated by government conservatorship. Bank of South Dakota has an FDIC insurance membership with the SAIF - Savings Association Insurance Fund and is regulated by the Federal Deposit Insurance Corporation (FDIC).
Bank of South Dakota is assigned uner the Kansas City Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on December 24, 1934.
Address Location and Maps for Bank of South Dakota
| Bank Name | Bank of South Dakota | |
| Address | 109 First Avenue Southeast Watertown, SD 57201 |
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| County: | Codington | |
| Bank’s State: | South Dakota | |
| Website: | Unknown |
Bank of South Dakota Detailed Information
| FDIC Certificate ID | 29285 |
| Bank Institution Name | Bank of South Dakota |
| Is the Bank Active? | Active |
| Office of Thrift Supervision Docket ID | 3224 |
| Total Assets | $117,733,000 |
| Total Deposits | $100,713,000 |
| Regulator | Federal Deposit Insurance Corporation (FDIC) |
| Bank Charter Class | NM - Commercial Bank. Bank is supervised by the Federal Deposit Insurance Corporation (FDIC). State charter and Fed non-member |
| FDIC Bank’s Chartering Agency | State |
| Bank is FDIC Insured | No, FDIC insured bank is NOT a member of the Bank Insurance Fund |
| Bank Insurance Fund | SAIF - Savings Association Insurance Fund |
| Date of Deposit Insurance | December 24, 1934 |
| Change Code | 223 |
| Change Code Description | Merger - FDIC Insured Bank Without Assistance |
| OCC Bank Charter Number | No FDIC Bank Charter Number |
| Conservatorship | FDIC insured bank is not being operated by government conservatorship. |
| Inactive Bank that used to be FDIC insured? | Yes |
| Credit Card Institution | No, bank is not a credit card institution. Credit card loans do not exceed 50% of the FDIC Bank institution’s total assets, including loans that have been securitized and sold. |
| Insured Commercial Banks | Yes |
| FDIC Supervisory Region | Kansas City |
| Insured Savings Institution | Yes, Bank is Savings Association Insurance Fund (SAIF) insured |
| State Charter | Yes |
| County | Codington |
| Office of Thrift Supervision Region | West |
| Assigned Federal Reserve District | Kansas City |
| Oakar Institutions | No |
| FDIC Field Office | 0 |
| Insured offices of foreign banks | 0 |
Bank of South Dakota is insured by the Federal Deposit Insurance Corporation (FDIC)