First State Bank

Status:Inactive as of 05/07/1987
 Absorption - Assisted
Successor Bank:Dacotah Bank
Headquarters:First State Bank
323 First Avenue East
Sisseton, SD 57262
Established:07/01/1913
FDIC Insurance:01/01/1934
FDIC Cert:#506
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$20,058,000
Total Deposits:$19,350,000

History

1913-07-01Institution established: Original name:First State Bank
1978-12-18Moved bank headquarters from NEW EFFINGTON, SD to SISSETON, SD
1987-05-07Failed. Acquired with government financial assistance and subsequently operated as part of Farmers & Merchants Bank and Trust Co. (17437)
1988-04-01Acquired The Bank of Cresbard (12642) in CRESBARD, SD
1995-02-01Changed name to Dacotah Bank (17437)
1997-05-24Acquired Dacotah Bank (6072) in LEMMON, SD
1997-05-24Acquired Dacotah Bank (11134) in CLARK, SD
1997-05-24Acquired Dacotah Bank (1677) in MOBRIDGE, SD
1997-05-24Acquired Dacotah Bank (15315) in FAULKTON, SD
1997-05-24Acquired Dacotah Bank (495) in WEBSTER, SD
2000-06-07Acquired First National Bank (3936) in HETTINGER, ND
2005-04-01Acquired Dacotah Bank - Valley City (8945) in VALLEY CITY, ND
2005-04-01Acquired DACOTAH BANK (16168) in ROLLA, ND
2013-09-13Reorganized.
2013-09-14Acquired United Farmers & Merchants State Bank (8209) in MORRIS, MN
2020-07-03Acquired First State Bank of Claremont (484) in GROTON, SD