Bank of South Dakota - Watertown Bank, South Dakota 57201

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Bank of South Dakota
109 First Avenue Southeast
Watertown, South Dakota 57201
Bank Web Address:

Active: No
FDIC Certificate #: 29285
Bank of South Dakota Established Date: 12/24/1934
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Secondary Insurance Fund:
Structural event relating to an institution: Merger - Without Assistance
Bank Charter Class: NM - commercial bank, state charter and Fed nonmember, supervised by the FDIC.

Information about Bank of South Dakota as of 9/6/2007 (SD Bank):

• Codington, South Dakota
• Institution is currently closed but were once insured by the FDIC.
• Bank of South Dakota is NOT being operated in government conservatorship.
• Includes commercial banks insured by the FDIC. These institutions are regulated by one of the three Federal commercial bank regulators (FDIC, Federal Reserve Board, or Office of the Comptroller of the Currency). They submit financial reports to the Federal Reserve (state member banks) or the FDIC (state non-member banks and national banks).
• Includes institutions insured by the FDIC.
• Member of the Savings Association Insurance Fund. As of April 1, 2006 SAIF was merged together with the Bank Insurance Fund (BIF) to create a single Deposit Insurance Fund (DIF). All FDIC insured SAIF member institutions, that are still active or open, are now insured members of DIF.
• Bank of South Dakota is state chartered.
• OTS supervised savings associations that converted their charter to that of a commercial or savings bank. Converted associations remain members of the SAIF, but they become subject to supervision by one of the three federal banking agencies. Not Applicable as of March 31, 2006.
• Regulator: FDIC
• Bank Holding Company Type: Sioux Falls
• Metropolitan Statistical Area (MSA):
• FDIC Supervisory Region: Kansas City
• Office of Thrift Supervision Region: Midwest
• Federal Reserve District: Kansas City
• Regulatory holding company state location:
• Bank Holding Company (Regulatory Top Holder):

Office: 5 Bank of South Dakota Branch/Bank Locations

_{*Data by FDIC}