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Banking in the Sioux Falls Area
Sioux Falls is the largest city in South Dakota, with a population of nearly 170,000 people. It is in eastern South Dakota, just a few miles from the Minnesota border. The larger Sioux Falls region, which includes cities such as Mitchell, Aberdeen, Brookings, Watertown, Huron, Pierre, Yankton, Worthington and Vermillion, has about 250,000 people.
Sioux Falls is a major Midwestern financial center, and many national banks have credit card operations in the city, including Wells Fargo, CitiBank, Capital One, and First Premier Bank. There are 86 banks and 29 credit unions that have their headquarters in Sioux Falls or a city in the surrounding area. Notable institutions that are headquartered in the area include TCF National Bank, Great Western Bank and Dacotah Bank. The oldest institution that is active in the Sioux Falls area is First Dakota National Bank, which was established in 1872. Including all the banks that operate in the area, there are approximately 560 branches from more than 110 banks and 30 credit unions.
