32 failures since 1934 · $149 million estimated loss
Bank failures in South Dakota
South Dakota has 32 bank failures on FDIC record since 1934, 0.9% of the national total and the 31st-highest count of any state or territory. The worst year was 1938, with 12. Since 2000 there have been 1; the most recent was BankFirst on July 17, 2009. The largest by assets was BankFirst of Sioux Falls, with $211 million, in 2009.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| July 17, 2009 | BankFirst | Sioux Falls, SD | $211 million | $110 million |
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| April 24, 1992 | First Federal Savings Bank of South Dakota | Rapid City, SD | $156 million | $24.1 million |
| March 8, 1991 | First Federal Bank FSB | Huron, SD | $51.9 million | $526 thousand |
| August 19, 1988 | Marshall County Bank | Britton, SD | $10.7 million | $229 thousand |
| November 10, 1987 | Tri-State National Bank | Belle Fourche, SD | $10.7 million | $1.8 million |
| May 7, 1987 | First State Bank | Sisseton, SD | $20.1 million | $4.5 million |
| March 27, 1986 | Stockholm State Bank | Stockholm, SD | $7.2 million | $991 thousand |
| June 15, 1984 | Farmers State Bank | Lyons, SD | $3.2 million | $855 thousand |
| June 17, 1983 | Community Bank | Hartford, SD | $32.0 million | $5.9 million |
| August 3, 1940 | Badger State Bank | Badger, SD | $74 thousand | not estimated |
| September 29, 1938 | First State Bank | Wilmot, SD | $165 thousand | not estimated |
| August 31, 1938 | Jerauld County Bank | Wessington Springs, SD | $260 thousand | not estimated |
| August 24, 1938 | Hitchcock State Bank | Hitchcock, SD | $79 thousand | not estimated |
| August 16, 1938 | Bank of Highmore (Drew Bros.) | Highmore, SD | $109 thousand | not estimated |
| July 27, 1938 | Hutchinson County Bank | Parkston, SD | $273 thousand | not estimated |
| July 12, 1938 | Hudson State Bank | Hudson, SD | $254 thousand | not estimated |
| May 17, 1938 | Citizens State Bank of Andover | Andover, SD | $78 thousand | not estimated |
| April 25, 1938 | State Bank of Irene | Irene, SD | $176 thousand | not estimated |
| April 19, 1938 | Bank of Humboldt | Humboldt, SD | $194 thousand | not estimated |
| April 12, 1938 | First State Bank of Ipswich | Ipswich, SD | $210 thousand | not estimated |
| February 1, 1938 | Pollock State Bank | Pollock, SD | $103 thousand | not estimated |
| January 21, 1938 | First State Bank of Wolsey | Wolsey, SD | $123 thousand | not estimated |
| June 16, 1937 | The First National Bank of Pukwana | Pukwana, SD | not reported | not estimated |
| April 30, 1937 | St. Onge State Bank | St. Onge, SD | $81 thousand | not estimated |
| April 29, 1937 | Whitewood Banking Company | Whitewood, SD | $124 thousand | not estimated |
| February 20, 1937 | The Citizens State Bank of Lebanon | Lebanon, SD | $154 thousand | not estimated |
| February 18, 1937 | Akaska State Bank | Akaska, SD | $92 thousand | not estimated |
| February 18, 1937 | Farmers State Bank | Corsica, SD | $205 thousand | not estimated |
| January 12, 1937 | Bank of Houghton | Houghton, SD | $82 thousand | not estimated |
| December 18, 1936 | The First National Bank of Centerville | Centerville, SD | $569 thousand | not estimated |
| April 21, 1936 | Farmers & Merchants Bank | Revillo, SD | $128 thousand | not estimated |
| March 18, 1936 | Farmers State Bank | Amherst, SD | $56 thousand | not estimated |