South Dakota

Black Hills FCU names longtime exec as next CEO


Chief Operations Officer Jerry Schmidt will take over at the Rapid City, S.D.-based institution in early January.


Coronavirus surge in Upper Midwest has bankers on edge


The region now leads the nation in virus cases, and with winter lurking the fear is that the outbreak will only get worse.


Cannabis and gambling: State ballot measures that matter to banks


Referendums that legalized marijuana and sports wagering in several states could incentivize banks to do business with companies in these sectors. Payday loan and privacy measures that passed Tuesday also have implications for the industry.


Dakotas credit union trade group tweaks branding


The new name is the third time the association has modified its name since leagues for the two states merged in 2007.


Meta Financial to sell branches in Iowa, South Dakota to Central Bank


The company also disposed of a large agricultural loan that was nonperforming.


Great Western hires former U.S. Bancorp exec to fill credit role


The decision to bring in Michael Doyle follows a quarter where the South Dakota company reported a spike in net charge-offs.


Meta Financial discloses IT control weakness tied to recently acquired bank


The South Dakota company discovered "inappropriate user access" to applications at Crestmark Bancorp, which it bought last year.


Agricultural issues, borrower fraud to cut into Great Western's profit


The South Dakota company warned that it will charge off millions of dollars in loans to dairy and cattle farmers.


Meta Financial taps insider as next CEO


Brad Hanson has been with the South Dakota company since founding its payment services division in 2004.


Great Western taps insider as its next president


Doug Bass had been one of the South Dakota company's regional presidents. He succeeded Ken Karels, who remains chairman and CEO.