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Dacotah Bank purchasing bank, agency in SD

JSSP Bus News

Dacotah Bank has signed agreements to purchase First State Bank of Claremont and Stohr Agency. The agreements include the Groton and Langford locations in South Dakota.

Joe Senger, CEO, said First State Bank of Claremont’s Groton and Langford locations fit well in the middle of Dacotah Bank’s existing footprint. Dacotah Bank has locations across South Dakota, North Dakota and Minnesota. Closely surrounding First State Bank of Claremont’s locations are branches in Aberdeen, Clark, New Effington, Roslyn, Sisseton and Webster in South Dakota. Along with the geographic alignment of locations, the customer base is a natural fit as well. Groton and Langford are agricultural-centric communities and Dacotah Bank is the 12th largest ag lender in the nation.

The addition of Groton and Langford bring Dacotah Bank’s total number of locations to 34.

Dacotah Bank’s home office and flagship bank is just 20 miles west of Groton and 46 miles southwest of Langford in Aberdeen.

The agreement for acquisition is pending regulatory approval. For more information, visit the bank’s website at www.dacotahbank.com .

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