Including Rapid City, Sheridan, Spearfish, Sturgis, Custer, Hot Springs, Belle Fourche, Deadwood, Hill City, Ekalaka, and 26 other towns.
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Banking in the Rapid City Area
Rapid City is a city of nearly 70,000 people in western South Dakota, making it the second-largest city in the state behind Sioux Falls. Other cities and towns in the area include Sheridan, Spearfish, Sturgis, Belle Fourche, Custer, Deadwood, Hot Springs, Lead and Hill City. Overall, the Rapid City metropolitan area has a little over 140,000 people.
Rapid City is located in the Black Hills and also is home to Mount Rushmore, which makes it a popular tourist destination. Another economic driver for the city is nearby Ellsworth Air Force Base. Its banking industry is about what one would expect for a city of its size.
There are approximately 10 banks and 15 credit unions with headquarters in Rapid City or the region. Notable institutions based in the area include Black Hills Federal Credit Union, Pioneer Bank & Trust, First Federal Savings Bank (WY), First National Bank in Philip, and Sundance State Bank, which is the oldest institution still operating in the region, having been established in 1895. Overall, there are about 170 branches from more than 30 banks and 15 credit unions in the Rapid City area.
