Bank of the Week: Dakota Prairie Bank

Three locations: Ft. Pierre, Draper and Presho Draper State Bank was founded on June 25, 1906 Dakota Prairie Bank is a third-generation, family-owned bank that has survived the obstacles of the past century, including the Great Depression. They have twenty-two employees. Community involvement is their priority! Every Halloween, they host a community event called “Truck […]

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Credit Unions: Be Heard on Tax Reform

Background The credit union model has become outdated, and its charter, purpose and tax – exempt status should be reviewed by Congress. Credit unions were chartered by Congress to enable people of small means with a “common bond” to pool their resources to meet their basic deposit, savings and borrowing needs. While some credit unions […]

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Independent Community Bankers of South Dakota Hire New CEO

press-release

(Mitchell, SD) – Independent Community Bankers of South Dakota (ICBSD) is pleased to announce the hiring of Megan Olson as its new President and CEO.  Olson will replace Greg McCurry the current President and CEO. “We are very lucky to have Megan join our team” says Hugh Bartels, ICBSD Chairman and Director of Reliabank Dakota […]

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Reforming Consumer Agency Would Better Serve Consumers

press-release

With policymakers in the nation’s capital reconsidering reforms to financial services regulations implemented after the 2008 crisis, South Dakota’s community banks have a lot at stake.  While we know that community banks did not contribute to the meltdown on Wall Street, Washington’s response has had a negative impact on community banks ability to serve South Dakota […]

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Bank of the Week: First National Bank of Frederick

Located in Frederick, SD The bank was chartered in 1882. It is the second oldest bank in the state of South Dakota! They have five employees. They’ve been in their current location since 1906 President Scott Campbell is the fifth generation to own and operate the bank. One day, he is hopeful his two sons […]

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