Plains Commerce Bank


Overview / Commentary
605-948-2216
220 Main Street
Hoven, SD 57450

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.

Reviews (2)

THE WORST BANK EVER

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.

The Worst Customer Service Ever ! Plains Commerce Bank

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.



Health

Health Grade Components

Overall
FDIC Certificate #1678
Year Established1931
Employees439
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.19%
Return on Equity - YTD1.83%
Annual Interest Income$17.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$1.23B$1.17B
LoansQ1 2025vs Q1 2024$1.01B$957MM
DepositsQ1 2025vs Q1 2024$990MM$919.4MM
Equity CapitalQ1 2025vs Q1 2024$130.9MM$130.3MM
Loan Loss AllowanceQ1 2025vs Q1 2024$10.8MM$10.6MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$14.2MM$10.9MM
Real Estate OwnedQ1 2025vs Q1 2024$1.3MM$668K
Rates

Sorry, we do not have rate data for Plains Commerce Bank.

Locations


Plains Commerce Bank Locations
Watertown Branch109 First Avenue SoutheastWatertown, SD 57201
Plains Commerce Bank1411 East 10th StreetSioux Falls, SD 57103
Plains Commerce Bank220 Main StHoven, SD 57450
Conde Branch280 Broadway StConde, SD 57434
Sioux Falls Branch3905 West 49th StreetSioux Falls, SD 57106
Aberdeen Branch524 South Dakota StreetAberdeen, SD 57401
Plains Commerce Bank404 South 3rd StreetBismarck, ND 58504
Mitchell Branch1130 South Burr Street, Suite 100Mitchell, SD 57301
Sioux Falls - E. 57th Branch4700 E 57th StSioux Falls, SD 57108

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.