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