BranchWatch

Banks in South Dakota

Deposit market share, branch network and structure changes for South Dakota, from official FDIC data.

Active branches
436
Deposits (2025)
$919.6B
Closings on record
59
Openings on record
38

Largest retail branch networks in South Dakota (2025)

BankDepositsShareYoYBranches
Wells Fargo$347.4B37.8%-2.0%30
First Interstate Bank$3.4B0.4%-1.2%46
First Bank & Trust$3.2B0.3%+6.6%15
Dacotah Bank$2.8B0.3%+3.1%21
First Dakota National Bank$2.7B0.3%+5.0%17
First PREMIER Bank$2.6B0.3%-0.6%13
American Bank & Trust$1.7B0.2%+13.4%18
The First National Bank in Sioux Falls$1.6B0.2%+4.2%19
U.S. Bank$1.5B0.2%-1.5%10
BankWest, Inc.$1.5B0.2%+6.6%22
Plains Commerce Bank$1.0B0.1%+6.4%8
Pioneer Bank & Trust$860M0.1%+4.7%7
CorTrust Bank$833M0.1%-1.8%22
First National Bank$800M0.1%+3.3%13
Reliabank Dakota$617M0.1%-4.1%10
First Fidelity Bank$603M0.1%+7.2%11
First Savings Bank$395M0%-4.7%11

Includes institutions reporting at least five active branches in South Dakota. Deposit share is calculated against all deposits assigned to South Dakota offices, so the shares shown do not sum to 100%.

All institutions by deposits assigned to South Dakota offices

BankDepositsShareYoYBranches
Citibank$522.3B56.8%+12.6%2
Wells Fargo$347.4B37.8%-2.0%30
The Bancorp Bank$7.8B0.8%+8.5%1
Pathward$6.0B0.7%-6.6%1
First Interstate Bank$3.4B0.4%-1.2%46
First Bank & Trust$3.2B0.3%+6.6%15
Dacotah Bank$2.8B0.3%+3.1%21
First Dakota National Bank$2.7B0.3%+5.0%17
First PREMIER Bank$2.6B0.3%-0.6%13
American Bank & Trust$1.7B0.2%+13.4%18
The First National Bank in Sioux Falls$1.6B0.2%+4.2%19
Sunrise Banks$1.5B0.2%+10.1%2
U.S. Bank$1.5B0.2%-1.5%10
BankWest, Inc.$1.5B0.2%+6.6%22
Plains Commerce Bank$1.0B0.1%+6.4%8
1st Financial Bank USA$995M0.1%+4.5%2
Pioneer Bank & Trust$860M0.1%+4.7%7
CorTrust Bank$833M0.1%-1.8%22
First National Bank$800M0.1%+3.3%13
Reliabank Dakota$617M0.1%-4.1%10
First Fidelity Bank$603M0.1%+7.2%11
Security First Bank$482M0.1%+21.5%3
First National Bank of Omaha$453M0%+1.8%3
Black Hills Community Bank$448M0%+12.0%2
First Savings Bank$395M0%-4.7%11

Deposit location reflects the office to which deposits are reported and may not represent the residence of depositors. Banks that book nationwide deposits at a single office (for example brokerage or direct banks) can rank far above their local branch presence.

Closings

Transcribed from FDIC BankFind Suite structure-change records, active-location records and the annual Summary of Deposits (June 30 reporting date). Market share is each bank's share of all deposits assigned to FDIC-insured offices in the state.