BankFirst

Status:Inactive as of 12/07/1995
 Merger - Without Assistance
Successor Bank:BANKFIRST
Headquarters:BankFirst
526 Main
Brookings, SD 57006
Established:03/28/1928
FDIC Insurance:01/01/1934
FDIC Cert:#9006
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$70,201,000
Total Deposits:$58,341,000

History

1928-03-28Institution established: Original name:The Bank of Toronto, of Toronto, South Dakota
1984-10-22Changed name to Brookings Bank
1984-10-22Moved bank headquarters from TORONTO, SD to BROOKINGS, SD
1988-10-17Changed name to BankFirst
1989-03-15Changed name to BankFirst National Association
1995-12-07Merged into and subsequently operated as part of BANKFIRST, National Association (34103) in SIOUX FALLS, SD
1995-12-07Institution established: Original name:BANKFIRST, National Association (34103)
1997-03-31Changed name to BANKFIRST (34103)
1999-06-14Acquired Minnesota BANKFIRST (33871) in MINNEAPOLIS, MN
2009-07-17Failed. Acquired with government financial assistance and subsequently operated as part of Alerus Financial, National Association (3931)
2009-11-06Acquired Prosperan Bank (35074) in OAKDALE, MN as part of a government assisted transaction.
2014-06-25Acquired Private Bank Minnesota (34144) in MINNEAPOLIS, MN
2016-01-16Acquired Beacon Bank (10581) in SHOREWOOD, MN

Financial Information (1994-12-31 and Older)