Dacotah Banks
Dacotah Bank is a publicly traded community bank operating 32 full-service branches across South Dakota, North Dakota, and Minnesota, offering banking, insurance, mortgage, and trust services to over 70,000 individual, agricultural, small business, and corporate customers with $4B+ in assets.
- Company typePublic
- Founded1955
- HeadquartersAberdeen, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Dacotah Banks does
Dacotah Bank is a community-oriented financial institution headquartered in Aberdeen, South Dakota, operating 32 full-service branch locations across South Dakota, North Dakota, and Minnesota. The bank operates as the primary subsidiary of Dacotah Banks, Inc., a publicly traded holding company listed on OTCMKTS under ticker DBIN. As of 2024, the bank crossed $4 billion in total assets and serves more than 70,000 individual, agricultural, small business, commercial, and corporate customers. Founded with roots tracing to 1882 (with the modern charter dating to 1955), the bank combines local decision-making authority with the product breadth of a regional institution.
The bank's core product portfolio spans personal banking (checking, savings, loans, credit cards, debit, prepaid, youth accounts), business and agricultural banking (operating credit, equipment financing, land loans, treasury management, business money market), mortgage lending (purchase, refinance, construction, first-time homebuyer programs), insurance (vehicle, home/renters, farm/ranch/crop, commercial, life/health) via subsidiary Dacotah Insurance, and trust and wealth management (trust and estate planning, financial planning, retirement, charitable, and farm/ranch management). The underlying technology stack is a conventional community-bank digital platform: iOS and Android mobile apps with mobile deposit, bill pay, Zelle, account alerts, and card control; online banking with eStatements; Interactive Teller Machines (ITM) and Video Banker services for extended-hours access; and integrations with Quicken, QuickBooks, Apple Pay, Plaid, and LinkedIn for credit card onboarding. No proprietary AI/ML capabilities or developer-facing APIs are disclosed.
Revenue is generated through a diversified community-banking model: net interest income from agricultural, commercial, residential mortgage, and consumer lending; transaction and service fees on deposit accounts, debit/credit cards, and bill pay (e.g., $0.50 per bill above 12/month plus $5 inactivity fee); insurance commissions via Dacotah Insurance; and recurring trust and wealth management fees. Go-to-market is relationship-driven and geographically concentrated, with 32 branches supplemented by community sponsorships (Dacotah Bank Stadium, Dacotah Bank Center, Dacotah Deck), social media presence, and a Financial Wisdom content platform. A by-appointment Corporate Banking office launched in Minneapolis-St. Paul in 2023 represents the bank's move up-segment into larger commercial relationships.
Dacotah Banks firmographics
Firmographics- Name
- Dacotah Banks
- Legal name
- Dacotah Bank
- Website
- https://dacotahbank.com
- Company type
- Public
- Founded year
- 1955
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Dacotah Bank is a publicly traded community bank operating 32 full-service branches across South Dakota, North Dakota, and Minnesota, offering banking, insurance, mortgage, and trust services to over 70,000 individual, agricultural, small business, and corporate customers with $4B+ in assets.
- Ownership category
- akta.pro rank
Dacotah Banks industry classification
Industry- Product category
- Community Banking
- NAICS
- Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Mutual Savings Banks & Mutual Thrifts (FSABAEAD)
Keywords
Where Dacotah Banks is headquartered
LocationHeadquarters
- HQ city
- Aberdeen
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
Dacotah Banks business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Interest Income: Revenue generated from interest on loans including agricultural loans, commercial loans, residential mortgages, and consumer loans
- Banking Fees and Service Charges: Fees from checking accounts, debit cards, credit cards, and other banking services
- Bill Pay Services: Fee-based bill payment service with $0.50 per bill over 12 per month and $5 inactivity fee
- Insurance Services: Property, casualty, life, health, farm, ranch, crop, and commercial insurance products through Dacotah Insurance
- Trust and Wealth Management: Trust services, estate planning, wealth management, and investment management services
- Mortgage Banking: Mortgage origination and lending services including home purchase loans, refinances, and construction loans
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Bill Pay Service - $0.50 per bill over 12 per month |
| Subscription | Annual | Summer CD Special - Competitive APY rates |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels4 records
Dacotah Banks product offering
Product offeringCore offering
Dacotah Bank is a relationship-driven community bank that delivers an integrated suite of financial services through 32 full-service branches across South Dakota, North Dakota, and Minnesota. Its core offerings encompass personal and business checking, savings and lending products, mortgage origination, agricultural and commercial banking, treasury management, insurance through its Dacotah Insurance subsidiary, and trust and wealth management services, supported by mobile and online banking, ITM/Video Banker technology, and Zelle payments.
Product overview
Dacotah Bank is a relationship-driven community bank offering an integrated financial services platform across personal banking, business banking, mortgage, insurance, and trust and wealth management. The core product portfolio includes personal and business checking/savings accounts, mobile and online banking platforms, mortgage lending, insurance products (vehicle, home, farm, commercial, life/health), and trust/estate services. The bank operates 32 full-service locations across South Dakota, North Dakota, and Minnesota, serving over 70,000 customers with assets exceeding $4 billion. Key digital banking products include the Mobile Banking App, Online Banking, Bill Pay with Quicken/QuickBooks integration, Mobile Deposit, eStatements, Account Alerts, and Credit Cards. The bank's integrated approach combines traditional banking services with technology-enabled convenience features to serve individuals, families, farms, and businesses throughout the Upper Great Plains region.
Differentiator
Problem solved
Functional benefit
Brands
- Dacotah Insurance: Insurance subsidiary offering vehicle, home/renters, farm, ranch and crop, commercial, and life and health insurance products.
Products and services
- Personal Banking Comprehensive personal banking services including checking accounts, savings and money market accounts, personal loans, credit cards, debit cards, prepaid cards, and youth banking offerings for individual consumers and families.
- Business Banking Small business, commercial, agricultural, and corporate banking services for businesses, farms, and organizations, including dedicated business bankers and tailored lending products.
- Mortgage Loans Mortgage origination services including purchase mortgages, refinancing, construction loans, first-time homebuyer programs, and homebuyer assistance programs delivered through a dedicated mortgage division and local mortgage bankers.
- Dacotah Insurance Insurance products delivered through the bank's wholly-owned Dacotah Insurance subsidiary, including vehicle, home/renters, farm/ranch/crop, commercial, and life and health insurance.
- Trust and Wealth Management Trust, estate, and wealth management services including trust and estate planning, trustee services, estate settlement, farm and ranch management, elder care services, financial planning, charitable planning, and retirement planning.
- Treasury Management Treasury and cash management solutions for business customers, including payment processing, cash flow management, and financial controls.
- Mobile Banking App Proprietary mobile banking application for iOS and Android providing account access, mobile deposit, bill pay, Zelle, account alerts, card controls, and financial management tools.
- Online Banking Web-based online banking platform enabling customers to manage accounts, pay bills, transfer funds, view eStatements, and access personal financial management tools.
- Credit Cards Consumer and business credit card offerings including cash back rewards cards, rate saver cards, and secured consumer cards for various credit profiles.
- Bill Pay Online bill payment service integrated with online and mobile banking that supports paying bills, recurring payments, eBills, and exporting transactions to Quicken or QuickBooks, priced at $0.50 per bill beyond 12 per month with a $5 inactivity fee.
Companies that use Dacotah Banks
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles4 records
Dacotah Banks technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature4 records
Dacotah Banks partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Northern State UniversitycoreNorthern State University Business and Health Innovation Center, opening April 30, 2026, features the Northern Innovation and Startup Center supported by Dacotah Bank. The 77,000-square-foot facility is partly funded by $29.5 million in American Rescue Plan Act funds and a $1.5 million state appropriation.
Scale indicators6 records
Recent moves9 records
Expansion highlights5 records
Dacotah Banks competitors and assessment
Company assessmentDirect peers
- Glacier Bancorp: Multi-bank holding company operating a network of community banks across the Western and Midwestern US. Highly comparable to Dacotah's community-bank-charter, multi-state model with strong ag and SMB exposure.
- United Community Banks: Regional community bank holding company with similar branch-driven community banking model, SMB and ag lending, and integrated wealth services — directly comparable in scale and go-to-market.
- Stock Yards Bancorp: Community-focused bank holding company with comparable scale, branch-based distribution, business banking, and wealth management offerings — similar relationship-driven model in Midwestern markets.
- First Interstate BancSystem: Community-focused regional bank with a similar Upper Great Plains / Western footprint and comparable asset size. Both operate multi-state branch networks with strong ag and small-business lending.
- Citizens & Northern Corporation: Community bank holding company of similar scale with comparable branch network, residential and commercial lending, and wealth management offerings.
- German American Bancorp: Mid-size community bank serving Indiana, Kentucky, and adjacent markets. Comparable community-bank scale, ag and SMB lending focus, and integrated treasury and wealth services.
- Heartland Financial USA (HTLF / UCB): Multi-state community banking franchise with comparable asset size and a similar integrated banking, mortgage, and wealth management model. Operates across the Midwest with comparable demographic and ag exposure.
- Trustco Bank Corp NY: Community-focused bank with branch-based distribution and residential/SMB lending. Similar in scale and operating philosophy to Dacotah's relationship-driven approach.
- Bank of the James Financial Group: Smaller community bank holding company with branch-led model, retail and business banking, and mortgage lending — comparable to Dacotah in operating philosophy and customer focus.
- Hawthorn Bancshares: Community-focused bank holding company operating in Missouri and adjacent markets with similar relationship-driven model, ag and SMB exposure, and integrated banking services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Dacotah Banks social profiles
Digital presenceDacotah Banks compliance and trust
Trust signalCompliance1 record
Dacotah Banks financial estimates
Financial estimateRevenue estimate
Valuation estimate
Dacotah Banks leadership team
Management profileNumber of profiles
Profiles3 records
Dacotah Banks subsidiaries and ownership
Company hierarchySubsidiaries1 record
Dacotah Banks funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Dacotah Banks M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Dacotah Banks
What does Dacotah Banks do?
Dacotah Bank is a relationship-driven community bank that delivers an integrated suite of financial services through 32 full-service branches across South Dakota, North Dakota, and Minnesota. Its core offerings encompass personal and business checking, savings and lending products, mortgage origination, agricultural and commercial banking, treasury management, insurance through its Dacotah Insurance subsidiary, and trust and wealth management services, supported by mobile and online banking, ITM/Video Banker technology, and Zelle payments.
Is Dacotah Banks a public or private company?
Dacotah Banks is a public company. It is classified as public and is currently operating.
When was Dacotah Banks founded?
Dacotah Banks was founded in 1955. It employs 501 to 1,000 people.
Where is Dacotah Banks based?
Dacotah Banks is headquartered in Aberdeen, United States, in the North America region.
How does Dacotah Banks make money?
Six revenue lines are on record. Interest Income is the primary driver. The others are banking Fees and Service Charges, bill Pay Services, insurance Services, trust and Wealth Management and mortgage Banking.
Who are Dacotah Banks's main competitors?
Direct peers on record are Glacier Bancorp, United Community Banks, Stock Yards Bancorp, First Interstate BancSystem, Citizens & Northern Corporation, German American Bancorp, Heartland Financial USA (HTLF / UCB), Trustco Bank Corp NY, Bank of the James Financial Group and Hawthorn Bancshares.
Does Dacotah Banks have an API?
No public API is recorded for Dacotah Banks.
What industry is Dacotah Banks in?
Dacotah Banks's product category is Community Banking. Its primary akta.pro industry code is FSABAEAD, Mutual Savings Banks & Mutual Thrifts. Its NAICS code is 5221 and its SIC code is 6022.