BankRankedBanks in South Dakota
9 FDIC-insured banks headquartered in South Dakota, ranked by total assets.
South Dakota is home to 9 FDIC-insured banks holding a combined $3.70T in total assets and approximately $2.98T in deposits (Source: FDIC BankFind). These figures represent banks headquartered in South Dakota and may not include all branches of out-of-state banks operating in the state.
Citibank is the largest bank headquartered in South Dakota with $1.84T in total assets, indicating moderate market concentration among the largest institutions (Source: FDIC BankFind). The mix of national banks, regional institutions, and community banks in South Dakota provides consumers with a range of options based on their banking preferences.
Total Banks
9
Combined Assets
$3.70T
Avg ROA
1.46%
Largest banks in South Dakota
Citibank is the largest bank headquartered in South Dakota with $1.84T in total assets and 670 branches (Source: FDIC BankFind).
Wells Fargo Bank is a major bank headquartered in South Dakota with $1.82T in total assets and 4,174 branches (Source: FDIC BankFind).
The Bancorp Bank is a major bank headquartered in South Dakota with $9.35B in total assets and 1 branches (Source: FDIC BankFind).
Pathward is a major bank headquartered in South Dakota with $7.56B in total assets and 1 branches (Source: FDIC BankFind).
Dacotah Bank is a major bank headquartered in South Dakota with $4.84B in total assets and 33 branches (Source: FDIC BankFind).
Banks headquartered in South Dakota
| # | Bank | Total Assets |
|---|---|---|
| 1 | Citibank, National Association | $1.84T |
| 2 | Wells Fargo Bank, National Association | $1.82T |
| 3 | The Bancorp Bank, National Association | $9.35B |
| 4 | Pathward, National Association | $7.56B |
| 5 | Dacotah Bank | $4.84B |
| 6 | First Bank & Trust | $4.70B |
| 7 | First PREMIER Bank | $4.15B |
| 8 | First Dakota National Bank | $3.24B |
| 9 | Sunrise Banks, National Association | $2.72B |
Source: FDIC BankFind, most recent quarterly data. Only includes banks headquartered in South Dakota. Data last updated: April 2, 2026.
How to choose a bank in South Dakota
When choosing a bank in South Dakota, consider what matters most for your financial needs. South Dakota has 9 FDIC-insured banks headquartered in the state, plus additional out-of-state banks with local branches. Each institution offers different strengths in terms of branch access, product variety, and community focus.
Consider whether branch access matters to you. If you prefer in-person banking, look for institutions with branches near your home or workplace. If you primarily use mobile and online banking, you may want to prioritize digital features and compare interest rates, as online-focused banks often offer higher savings APYs.
All banks listed on this page are FDIC-insured, meaning deposits are protected up to $250,000 per depositor, per insured bank, for each account ownership category (Source: FDIC). Beyond FDIC insurance, compare factors such as monthly maintenance fees, ATM networks, minimum balance requirements, and customer service availability. The CFPB recommends comparing at least three institutions before opening a new account.
Data Sources
FDIC BankFind: Financial data including total assets, deposits, net income, ROA, and ROE for all FDIC-insured institutions. https://banks.data.fdic.gov/
CFPB Consumer Complaint Database: Consumer complaint data by institution, including complaint volumes, response rates, and top issue categories. https://www.consumerfinance.gov/data-research/consumer-complaints/
Federal Reserve Economic Data (FRED): Interest rate benchmarks including the Federal Funds Rate, Treasury yields, and national savings rate averages. https://fred.stlouisfed.org/
BankRanked is not a bank, credit union, or financial advisor. This content is for educational purposes only and does not constitute financial advice. All data is sourced from publicly available government databases (FDIC, NCUA, CFPB, FRED). Consult a licensed financial professional before making banking decisions.