Family Roots
In 1962, 'Valley State Bank' was chartered in Yankton, South Dakota. Valley State Bank was considered a hometown bank, serving the city of Yankton and its surrounding areas. Led by President Erling Haugo, the family-owned bank’s main objective was to provide a variety of financial services to its customers. The bank started with a total capitalization of only $300,000.

In the early 1980s, Valley State Bank was purchased by First National of Nebraska, Inc., owned primarily by the Lauritzen Family. This incorporation led to many changes, including the construction of a new facility and a name change to 'First National Bank South Dakota' in 1994. Originally as an anchor for the bank’s credit card division, the bank gained momentum of its own and became a market leader.

Continued Growth

In 1999, First National Bank South Dakota purchased Commercial Bank of Mitchell. With that purchase came banking locations in Mitchell, Huron, and Woonsocket, as well as over 100 years of business excellence in the Mitchell area.

More growth is on the horizon as First National Bank South Dakota seeks to reach out to more customers looking for comprehensive financial services.

True to Our Mission
Our mission statement is simply 'To provide quality products and superior service for achieving financial goals.'  We are committed to our mission statement and strive every day to be South Dakota’s best bank!