Dakota Prairie Bank

What Dakota Prairie Bank does

Dakota Prairie Bank was a community bank founded in 1906 and headquartered in Fort Pierre, South Dakota. Prior to its acquisition, the bank operated 11 physical branch locations across rural South Dakota communities including Burke, Bonesteel, Colome, Draper, Fort Pierre, Gregory, Murdo, Platte, Presho, White River, and Winner. The bank served individual consumers, small businesses, and agricultural customers with a traditional suite of deposit products (regular checking, basic demand checking, regular savings, IRAs, certificates of deposit) and lending products (personal loans, consumer real estate loans, commercial loans, small business loans, agriculture loans, community development loans). Additional service lines included insurance and investment products.

The bank's technology infrastructure consisted of standard core banking systems, with digital access through online banking and mobile applications. Following the October 2023 acquisition by First Fidelity Bank, operating system integration was completed on February 12, 2024, transitioning all customers to First Fidelity's digital banking platform. The bank generated revenue through traditional banking mechanics — net interest income from loan portfolios (personal, commercial, agricultural), fee income from deposit accounts, and certificate of deposit products. FDIC insurance and Equal Housing Lender designations provided baseline regulatory standing. The bank no longer operates as an independent entity following the acquisition and full integration into First Fidelity Bank.

Name

Dakota Prairie Bank

Legal name

Dakota Prairie Bank

Website

https://dakotaprairiebank.com

Company type

Private

Founded year

1906

Operating status

Acquired

Headcount range

1–10 employees

Short description

Dakota Prairie Bank was a South Dakota community bank operating 11 branches across rural communities, offering deposit accounts, consumer and agricultural loans, and insurance services. Acquired by First Fidelity Bank in October 2023.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Community banking services
• Agricultural lending
• Consumer deposit accounts
• Personal and commercial loans
• Rural banking

Headquarters

HQ city

Fort Pierre

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Banking Services: Traditional banking revenue model including interest income from loans (personal, real estate, commercial, agricultural), fee income from checking/savings accounts, and certificate of deposit products.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Dakota Prairie Bank is a community bank headquartered in Fort Pierre, South Dakota, providing retail and commercial banking services through 11 branch locations across rural South Dakota. The bank offers deposit products (checking, savings, IRAs, CDs), loan products (personal, consumer real estate, commercial, agricultural, and community development loans), as well as insurance and investment services. Following its October 2023 acquisition by First Fidelity Bank (integration completed February 12, 2024), it operates as part of the First Fidelity organization.

Product overview

Dakota Prairie Bank (now integrated into First Fidelity Bank following October 2023 acquisition) offers a comprehensive suite of banking products organized into two main categories: core deposit products (checking, savings, CDs, IRAs) and lending products (personal, real estate, commercial, agricultural, and community development loans). Digital banking services include Online Banking and Mobile Banking (iOS/Android apps) as the primary access channels, supplemented by Zelle for peer-to-peer payments. Additional services encompass insurance and investment products. The bank operates physical locations across South Dakota communities including Burke, Bonesteel, Colome, Draper, Fort Pierre, Gregory, Murdo, Platte, Presho, White River, and Winner.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Banking
• Mobile Banking
• Checking Accounts
• Savings Accounts
• Individual Retirement Accounts (IRAs)
• Certificates of Deposit (CDs)
• Personal Loans
• Consumer Real Estate Loans
• Commercial Loans
• Real Estate Loans
• Agriculture Loans
• Community Development Loans
• Insurance Services
• Investment Services
• Debit Cards

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• First Fidelity BankcoreStrategic or Co-development Partner · 1 October 2023First Fidelity Bank acquired Dakota Prairie Bank in October 2023. Systems integration was completed on February 12, 2024, when former Dakota Prairie customers were transitioned to First Fidelity's digital banking platform including mobile app and online banking services.

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• First Interstate Bank: A large multi-state regional bank with significant South Dakota presence (via Great Western Bank) and a deep agricultural lending franchise serving rural communities comparable to those Dakota Prairie operated in. Comparable in ag lending and community deposit gathering.
• Pathward Financial: South Dakota-based bank holding company (formerly MetaBank) with a national fintech and consumer banking footprint operating out of Sioux Falls. Comparable in being a SD-chartered bank serving consumer and small-business customers from a SD base.

Direct peers

• CorTrust Bank: South Dakota-headquartered community bank offering a similar multi-branch model across rural and small-town markets with deposits, ag lending, commercial, and consumer real estate loans. Closest product-and-market comparable to Dakota Prairie Bank.
• First Bank & Trust: Community bank headquartered in Brookings, SD with a regional branch network across small South Dakota cities including markets adjacent to Dakota Prairie's. Similar community-bank model with diversified deposit and loan products including ag lending.
• First Fidelity Bank: The acquirer of Dakota Prairie Bank in October 2023, now operating the same 11-branch South Dakota network and identical product suite (checking/savings, ag/real estate/commercial loans, insurance, investments). It is the most direct comparable as the surviving operating entity of the former DPB franchise.
• Reliabank: A South Dakota community bank with a strong rural and agricultural lending focus in towns overlapping Dakota Prairie's territory. Comparable as a locally-owned community competitor with similar ag and consumer deposit/lending products.

Regional players

• Black Hills Federal Credit Union: South Dakota-based credit union serving members across many of the same western SD communities where Dakota Prairie operated. Competes for consumer deposits and consumer real estate lending in shared footprint, though organized as a cooperative rather than commercial bank.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/DakPrairieBank

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dakota Prairie Bank