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South Dakota Bank Facts, Financials, News and Rates

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  • About South Dakota:
    South Dakota is home to the headquarters of 86 banks, and has 475 bank branches located within its borders.
  • South Dakota ranks 5th in the United States by asset size of the banks located there. SD banks have a combined asset size of $657 Billion.
  • Ranked by asset size, the largest bank headquartered in South Dakota is Wells Fargo Bank. The percentage of state bank assets held by Wells Fargo Bank is 83.98 %. On the opposite end of this spectrum is Mansfield State Bank, the smallest bank in South Dakota. Mansfield State Bank has a total asset size of $11 Million.
  • South Dakota has 177,666 full-time employees at the various banks headquartered there.
  • The average APY for a 12 month bank CD in South Dakota is 1.22 %, while the overnight auction rate at MoneyAisle for a 12 month certificate of deposit was 1.99 %! Try it out for yourself: Compare the live auction rates on MoneyAisle to the average rate offered in South Dakota!

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South Dakota Banks - Fast Facts

  • Banks HQ in SD: 86
  • Number of SD Branches: 475
  • Average Branch Deposit Size: $157 Million
  • SD HQ Banks Employ : 177,666 full-time employees
  • SD HQ Banks Assets: $657 Billion
  • Biggest Bank HQ in SD (Assets): Wells Fargo Bank
  • Smallest Bank HQ in SD (Assets): Mansfield State Bank
  • % of US Bank Assets: 4.84 %

Data from FDIC as of 3/31/2009

Banks Headquartered in South Dakota

(Largest Banks by Asset Size)

Banks with Branches in South Dakota

(Largest Banks by Asset Size)