First Bank & Trust of Milbank

Status:Inactive as of 08/15/2015
 Merger - Without Assistance
Successor Bank:First Bank & Trust
Headquarters:First Bank & Trust of Milbank
215 West Fourth Avenue
Milbank, SD 57252
Established:03/27/1986
FDIC Insurance:03/27/1986
FDIC Cert:#26638
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$158,467,000
Total Deposits:$132,977,000

History

1986-03-27Institution established: Original name:Community State Bank of Stockholm
1986-03-27Acquired Stockholm State Bank (9951) in STOCKHOLM, SD
1994-09-15Changed name to Community State Bank
1996-08-12Moved bank headquarters from STOCKHOLM, SD to MILBANK, SD
2006-06-02Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2006-09-01Changed name to First Bank & Trust of Milbank
2015-08-15Acquired First Bank & Trust of Milbank in MILBANK, SD
2015-08-15Acquired First Bank & Trust, National Association (5227) in PIPESTONE, MN
2015-08-15Merged into and subsequently operated as part of First Bank & Trust (3973) in BROOKINGS, SD
2017-12-02Acquired Peoples Bank of Commerce (10192) in CAMBRIDGE, MN
2017-12-02Acquired State Bank of New Prague (12921) in NEW PRAGUE, MN
2020-10-16Acquired First Bank & Trust (27078) in SIOUX FALLS, SD

Financial Information (2015-06-30 and Older)