Dakota State Bank

Dakota State Bank Overview

Dakota State Bank, founded in April 1, 1938, is currently an active FDIC insured bank. The chartering agency for Dakota State Bank is currently with the State. This FDIC insured bank is not being operated by government conservatorship. Dakota State Bank has an FDIC insurance membership with the BIF – Bank Insurance Fund and is regulated by the Federal Deposit Insurance Corporation (FDIC).

Dakota State Bank is assigned uner the Kansas City Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on November 14, 1938.

Address Location and Maps for Dakota State Bank

Bank Name Dakota State Bank FDIC Bank Location for Dakota State Bank
Address 301 South Main Street
Milbank, SD 57252
County: Grant
Bank’s State: South Dakota
Website: Unknown


Dakota State Bank Detailed Information

FDIC Certificate ID 15627
Bank Institution Name Dakota State Bank
Is the Bank Active? Active
Office of Thrift Supervision Docket ID 12973
Total Assets $80,918,000
Total Deposits $67,440,000
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 Yes, FDIC insured bank is a member of the Bank Insurance Fund
Bank Insurance Fund BIF – Bank Insurance Fund
Date of Deposit Insurance November 14, 1938
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 No, Bank is not Savings Association Insurance Fund (SAIF) insured
State Charter Yes
County Grant
Office of Thrift Supervision Region West
Assigned Federal Reserve District Kansas City
Oakar Institutions Yes
FDIC Field Office 0
Insured offices of foreign banks 0

Dakota State Bank is insured by the Federal Deposit Insurance Corporation (FDIC)

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