- CEO
- Robert J. Fouberg
- Full Time Employees
- 548
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 401 South Main Street Aberdeen SD United States of America 57402-1496
- IPO Date
- Sep 25, 2012
- Business
- Dacotah Banks, Inc. (DBIN) operates as a one-bank holding company that owns Dacotah Bank, a state-chartered institution providing commercial and retail banking, insurance, mortgage, trust and wealth management services to over 60,000 customers; personal banking products including checking and debit accounts, savings accounts, loans, credit and debit cards, prepaid cards, youth banking, mobile app and online banking; business banking solutions such as agricultural, small business, commercial and corporate banking, treasury management and card solutions; full-service real estate lending with in-house loan servicing supported by over 60 credit professionals; insurance through nearly 50 producers in 13 Trusted Choice agency offices; and trust and wealth management encompassing financial planning, charitable planning and retirement planning served by over a dozen advisors in three major markets. Headquartered in Aberdeen, South Dakota, where it traces its origins to the 1955 chartering of Farmers and Merchants Bank, the company manages $4.6 billion in assets across 33 full-service locations in South Dakota, North Dakota and Minnesota, targeting rural communities, agriculture, small businesses and growing urban centers in its trade area. In recent developments, Dacotah Bank launched a corporate banking services team in February 2023 to support a new growth strategy beyond traditional community banking; opened full-service branches in Fargo, North Dakota in July 2022 and Bismarck, North Dakota in January 2023; and acquired First State Bank of Claremont and Stohr Agency with locations in Groton and Langford, South Dakota in January 2020.