Data / Bank failures / South Dakota
Bank failures in South Dakota: 32 banks since 1936
32 banks in South Dakota failed between 1936 and 2009, holding $506.2 million in assets and $532.4 million in deposits. The FDIC estimates the cost to its insurance fund at $149.1 million. The FDIC also assisted 12 open banks without closing them. The largest: Bankfirst ($210.8 million), First FSB of South Dakota ($155.9 million), First FSB ($51.9 million). By decade: 1930s 22, 1940s 1, 1980s 16, 1990s 2, 2000s 3.
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| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bankfirst | Sioux Falls | July 17, 2009 | $210.8 million | $232.2 million | $110.2 million | Alerus Financial, National Association |
| Department Stores National Bank (assistance) | Sioux Falls | November 23, 2008 | $374.9 million | $300.9 million | ||
| Citibank (south Dakota), N.A. (assistance) | Sioux Falls | November 23, 2008 | $77.74 billion | $42.36 billion | ||
| First FSB of South Dakota | Rapid City | April 24, 1992 | $155.9 million | $169.9 million | $24.1 million | Metropolitan FB, FSB |
| First FSB | Huron | March 8, 1991 | $51.9 million | $50 million | $526,348 | |
| United FS&LA (assistance) | Aberdeen | December 1, 1988 | $92.5 million | $92 million | $8 million | Home FS&LA of Sioux Falls |
| Marshall County Bank | Britton | August 19, 1988 | $10.7 million | $9.4 million | $229,170 | First National Bank |
| The American State Bank (assistance) | Yankton | May 18, 1988 | $62.1 million | $59 million | $265,335 | First Dakota National Bank |
| First City - Sioux Falls N.A. (assistance) | Sioux Falls | April 20, 1988 | $597.7 million | $227.7 million | First City - Sioux Falls N. | |
| Tri-State National Bank | Belle Fourche | November 10, 1987 | $10.7 million | $10.7 million | $1.8 million | First Western Bank Sturg |
| First State Bank of Sisseton | Sisseton | May 7, 1987 | $20.1 million | $19.4 million | $4.5 million | FARMERS&MERCHANTS B&T Co |
| Stockholm State Bank | Stockholm | March 27, 1986 | $7.2 million | $6.6 million | $991,473 | Community STB of Stockho |
| Mitchell Home S&LA (assistance) | Mitchell | August 1, 1984 | $16.6 million | $18 million | Metropolitan Fed BK FSB | |
| Farmers State Bank | Lyons | June 15, 1984 | $3.2 million | $3 million | $854,695 | Dakota State Bank |
| Community Bank | Hartford | June 17, 1983 | $32 million | $28.3 million | $5.9 million | Western Bank |
| First Dakota Home S&LA (assistance) | Pierre | June 10, 1983 | $27.8 million | $26.1 million | $1.8 million | Home FS&LA Sioux Falls |
| First FS&LA of Sioux Falls (assistance) | Sioux Falls | June 10, 1983 | $78 million | $75.3 million | $6.9 million | Home FS&LA Sioux Falls |
| Home Trust S&LA (assistance) | Vermillion | December 20, 1982 | $13.2 million | $12.1 million | $300,000 | Home Trust S&LA |
| First Dakota Home S&LA (assistance) | Pierre | September 20, 1982 | $27.8 million | $25.6 million | $1.1 million | First Dakota Home S&LA |
| First FS&LA of Sioux Falls (assistance) | Sioux Falls | September 20, 1982 | $78.2 million | $74.3 million | $2.9 million | First Dakota Home S&LA |
| Perpetual S&LA (assistance) | Rapid City | September 15, 1981 | $49.7 million | $39.2 million | $9.4 million | First FS&LA of Rapid City |
| Badger State Bank | Badger | August 3, 1940 | $74,000 | $53,000 | ||
| First State Bank | Wilmot | September 29, 1938 | $165,000 | $112,000 | ||
| Jerauld County Bank | Wessington Springs | August 31, 1938 | $260,000 | $211,000 | ||
| Hitchcock State Bank | Hitchcock | August 24, 1938 | $79,000 | $54,000 | ||
| Bank of Highmore (drew Bros.) | Highmore | August 16, 1938 | $109,000 | $79,000 | ||
| Hutchinson County Bank | Parkston | July 27, 1938 | $273,000 | $215,000 | ||
| Hudson State Bank | Hudson | July 12, 1938 | $254,000 | $209,000 | ||
| Citizens State Bank of Andover | Andover | May 17, 1938 | $78,000 | $48,000 | ||
| State Bank of Irene | Irene | April 25, 1938 | $176,000 | $142,000 | ||
| Bank of Humboldt | Humboldt | April 19, 1938 | $194,000 | $131,000 | ||
| First State Bank of Ipswich | Ipswich | April 12, 1938 | $210,000 | $184,000 | ||
| Pollock State Bank | Pollock | February 1, 1938 | $103,000 | $56,000 | ||
| First State Bank of Wolsey | Wolsey | January 21, 1938 | $123,000 | $90,000 | ||
| The First National Bank of Pukwana | Pukwana | June 16, 1937 | $127,000 | |||
| ST. Onge State Bank | ST. Onge | April 30, 1937 | $81,000 | $61,000 | ||
| Whitewood Banking Company | Whitewood | April 29, 1937 | $124,000 | $88,000 | ||
| The Citizens State Bank of Lebanon | Lebanon | February 20, 1937 | $154,000 | $112,000 | ||
| Akaska State Bank | Akaska | February 18, 1937 | $92,000 | $62,000 | ||
| Farmers State Bank | Corsica | February 18, 1937 | $205,000 | $164,000 | ||
| Bank of Houghton | Houghton | January 12, 1937 | $82,000 | $50,000 | ||
| The First National Bank of Centerville | Centerville | December 18, 1936 | $569,000 | $506,000 | ||
| Farmers & Merchants Bank | Revillo | April 21, 1936 | $128,000 | $89,000 | ||
| Farmers State Bank | Amherst | March 18, 1936 | $56,000 | $59,000 |
Other states
- Alabama 39
- Alaska 13
- Arizona 44
- Arkansas 45
- California 265
- Colorado 103
- Connecticut 48
- Delaware 4
- District of Columbia 8
- Florida 199
- Georgia 135
- Guam 1
- Hawaii 6
- Idaho 8
- Illinois 229
- Indiana 52
- Iowa 83
- Kansas 124
- Kentucky 47
- Louisiana 167
- Maine 6
- Maryland 36
- Massachusetts 59
- Michigan 46
- Minnesota 81
- Mississippi 38
- Missouri 136
- Montana 19
- Nebraska 54
- Nevada 17
- New Hampshire 20
- New Jersey 112
- New Mexico 32
- New York 104
- North Carolina 30
- North Dakota 43
- Ohio 61
- Oklahoma 183
- Oregon 38
- Pennsylvania 73
- Puerto Rico 17
- Rhode Island 7
- South Carolina 23
- Tennessee 80
- Texas 911
- U.S. Virgin Islands 1
- Utah 30
- Vermont 5
- Virginia 54
- Washington 38
- West Virginia 19
- Wisconsin 51
- Wyoming 29
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.