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Financial Services

South Dakota Helps Financial Services Companies Succeed

In South Dakota, we strive to help Financial Services companies succeed. We have a longstanding regulatory climate that is beneficial to the financial services industry and leaders statewide make every effort to make South Dakota’s rules and regulations business friendly.
South Dakota's No. 1 Industry 

In terms of Gross Domestic Product, the Financial Services Industry is our state’s top industry, accounting for 15 percent of our economy. South Dakota has the third-highest concentration of financial services activity in the country.

Big Names in the Industry
South Dakota is home to major financial services companies, including:
  • Citibank NA
  • Wells Fargo & Co.
  • TCF Bank
  • Meta Payment Systems
  • The Bancorp
  • CNA Surety
  • Sammons Financial
  • Synchrony Financial
Nationally Recognized Trust Laws
South Dakota offers the lowest capital requirement in the United States, effective asset protection, no rule against perpetuity and absolute privacy.
Bank Assets
South Dakota holds more of the country's bank assets than any other state in the nation.  There is $3.15 trillion in holdings in South Dakota.

Connect With Us

Ira Frericks

Business Development Representative
  
605-782-3286