First Dakota National Bank is headquartered in Yankton and is the 8th largest bank in the state of South Dakota. It is also the 458th largest bank in the nation. It was established in 1872 and as of December of 2021, it had grown to 355 employees at 18 locations. First Dakota National Bank has an A health rating.
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First Dakota National Bank Is The Best Bank In SD!!!!!!
I have banked at a variety of banks in town, however, I have never had the level of exceptional service that First Dakota National Bank offers! They truly treat their customers as partners in their success. They have always been there for all of my needs both personally and professionally. You will not find a bank in town that offers better perks, products, and professionalism then FDNB!
Fraud Charges And Response.
Luckily I was at my house. Awaken by my phone to fraud charges. I am glad that I was alerted, but now my card is closed. I have to travel out of town and have no way of accessing my money. NOBODY in the office. Its Sunday. Supposed to have a wonderful high class bank. NOT HAPPENING. This bank contacted my ex wife about the charges. She was supposedly removed from it. All information updated. That never happened. Guess I will start looking for a new bank.
First Dakota Will Not Help You In A Time Of Need...
I explained to my personal banker that I will be having charges go through my account and knowing that I was not able to cover them right away, I asked for them to be returned along with all future transactions from this merchant. I told her I would work it out with the merchant. Well, she and everyone else at the bank interpreted this as "do nothing and let them bounce until they cannot bounce anymore."
After seeing the transactions hit my account the second time, I emailed my personal banker and corrected myself saying that I should have asked for a "Stop-Payment." Still nothing was done and the transactions continued to go through, so I began depositing the money into First Dakota instead of taking it directly to the merchant like I had planned, only to find that most of my $1500 deposit ended up going to fees, and only a small portion actually went toward the merchant transactions.
Now that the transactions have attempted to go through the maximum amount of times, they are now threatening to close my account because I am asking for help because of the entire misunderstanding from the beginning.
If the transactions were stopped from the beginning, it could have prevented the entire ordeal. They won't hear me out because "I used the wrong terminology." As if all of First Dakota's customers should know bank jargon.
The online banking for this company is seriously lacking as well.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 4028 |
| Year Established | 1872 |
| Employees | 355 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.5% |
| Return on Equity - YTD | 16.52% |
| Annual Interest Income | $89.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $2.45B$2.15B |
| Loans | Q4 2021vs Q4 2020 | $1.75B$1.54B |
| Deposits | Q4 2021vs Q4 2020 | $2.22B$1.94B |
| Equity Capital | Q4 2021vs Q4 2020 | $217.7MM$201.2MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $25.3MM$25.1MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $8.7MM$12.7MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $68.00K$1.5MM |
