Plains Commerce Bank is headquartered in SIOUX FALLS and is the 16th largest bank in the state of South Dakota. It is also the 867th largest bank in the nation. It was established in 1931 and as of March of 2025, it had grown to 439 employees at 8 locations. Plains Commerce Bank has an A health rating.
Like the other reviewer, this bank has my escrow account and refuses to release my funds. I am property tax exempt, but they steal my money every month. My mortgage amount should be one thing and they steal almost $140 every single month and that money sits there, earning THEM interest. That money is mine and I owe ZERO property taxes. They have all the paperwork they need from the county and the state, yet they refuse to reduce my monhtly mortgage by the property tax money they want to collect. It sits in escrow and earns them money. I want my money and I want less mortgage payment. This bank is the WORST. I can't wait to refinance with ANYONE else.
this bank has my escrow account so wrong and it is costing me so much monthly. for the past year they have been charging me the wrong amount of taxes even when they were issued a tax notification from the county . Now they are charging me three times the rate of my insurance that is escrowed. I have spent hours trying to speak to the escrow department only to reach a customer service person that does not have a clue . So far the escrow department owes me a refund more then $5000. still no resolution of the problem and nobody calls me back . I worried this bank is corrupt and highly recommend going elsewhere for you mortgage needs.
Overall | |
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FDIC Certificate # | 1678 |
Year Established | 1931 |
Employees | 439 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.19% |
Return on Equity - YTD | 1.83% |
Annual Interest Income | $17.3MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $1.23B$1.17B |
Loans | Q1 2025vs Q1 2024 | $1.01B$957MM |
Deposits | Q1 2025vs Q1 2024 | $990MM$919.4MM |
Equity Capital | Q1 2025vs Q1 2024 | $130.9MM$130.3MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $10.8MM$10.6MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $14.2MM$10.9MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $1.3MM$668K |
Sorry, we do not have rate data for Plains Commerce Bank.
Plains Commerce Bank Locations | ||
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Watertown Branch | 109 First Avenue Southeast | Watertown, SD 57201 |
Plains Commerce Bank | 1411 East 10th Street | Sioux Falls, SD 57103 |
Plains Commerce Bank | 220 Main St | Hoven, SD 57450 |
Conde Branch | 280 Broadway St | Conde, SD 57434 |
Sioux Falls Branch | 3905 West 49th Street | Sioux Falls, SD 57106 |
Aberdeen Branch | 524 South Dakota Street | Aberdeen, SD 57401 |
Plains Commerce Bank | 404 South 3rd Street | Bismarck, ND 58504 |
Mitchell Branch | 1130 South Burr Street, Suite 100 | Mitchell, SD 57301 |
Sioux Falls - E. 57th Branch | 4700 E 57th St | Sioux Falls, SD 57108 |