dacotah bank

Dacotah Bank is serving local communities in the Dakota through banking, insurance, mortgage, and trues services. People of Dakota now can enjoy a wide range of financial services because of this bank.

Most of the community banks are increasing their activity based on the state. This one is looking forward to drawing attention from every corner of the nation.

For personal, business, and agricultural banking services, you can get this bank as an all-in-one solution. Not only that, they never leave you behind.

Wherever you go, use their internet and mobile banking facility to get the job done in a minute. You can have more details about it below.

Picture: Dacotah Bank
Picture: Dacotah Bank

What Is Dacotah Bank?

Community Banks have only one purpose and that is to serve people of a specific community. Dacotah Bank is one of them that follows this tradition. In 1955, it was founded and set its headquarters in Aberdeen.

From the beginning of its financial journey, this bank somehow managed to create a solid base in the community banking sector.

Now it manages assets totaling $2 billion and deposits totaling $2 billion. That’s why it became a large bank in the state. They don’t have the top-notch customer service that other community banks can provide.

Picture: Get access all the time to your account
Picture: Get access all the time to your account

Still, in this state, this bank is great because they are managing to reach the customer and providing essential service through the internet and online banking.

At the moment, this bank ensures a serious but quality banking service for all of its customers. That’s why it got a 4.5 rating out of 5. They have included different types but essential products for their customers.

You can avail yourself of checking accounts, money market accounts, CDs, IRAs, brokerage accounts, mortgage products, credit cards, and many more.

What Are Their Mission and Vision?

Dacotah Bank is also known as a state-chartered bank. They are good at building relationships with clients. They have specific definitions for the trade area and they are doing business based in this area.

With over 550 employees and over 60000 customers, this bank creates a family environment for banking. It’s also one of the largest lenders to agriculture. The American Bank Association has voted this bank as one of the best banks to work in.

Considering all the activity, their history, and the goal they have to create a specific mission and vision to get a proper guideline for the future.

Mission:

They have a great team and this team can do different types of stuff. Dacotah bank’s vision is to exceed customer expectations through products and better services that can be done by the team.

Vision:

  • To become a well-capitalized company and ensure the independence that can drive to enhance shareholder value.
  • We’ll provide extraordinary customer services and products they need.
  • Equip and empower employees that can help the management to exceed customer expectations.
  • Promoting effective communication and encouraging teamwork.
  • Creating a positive impact in the community.
Picture: Mobile application
Picture: Mobile application

How Much Do You Know About Dacotah bank?

It’s true, this bank is better in many ways but there are far differences between rating a bank and getting the service. Before you decide to make this bank your financial institution, know some key information below.

ParticularsRemarks
Websitehttp://www.dacotahbank.com
IndustriesBanking, Financial Services, Insurance
Company Size501 – 1000 employees
TypePrivately Held
FoundedJan 1, 1963
SpecialtiesBanking, Insurance, Mortgage, and Trust and Wealth Management
Headquarter RegionsMidwestern, US
Operating StatusActive
Company TypeFor-Profit
FDIC InsuredYes
FDIC Certificate17437
Assets$3.38 billion
Loan$2.30 billion
Deposits$2.98 billion
Capital$363.33 million

Which Types of Product Dacotah Bank Does Offer?

Compared to other community banks, we got surprised after knowing about the product line. You can check all their product lists below.

Personal Banking:

Card Solutions:

  • Visa Debit Card
  • Visa Credit Card
  • Visa Organization/Support Debit Card
  • Visa Gift Card
  • Visa Reloadable Card
  • Visa Travel Card

Mobile & Online Solutions:

  • Personal Financial Assistance
  • Online Personal Banking
  • Mobile App
  • P2P Personal Payments
  • Mobile Deposit
  • Bill Payment
  • Text Banking
  • Phone Banking

Mortgage:

  • Conventional Loans
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage – ARMs
  • First Time Homebuyer Loans
  • US Department of Agriculture Rural Development Loan
  • Veterans Administration Loans
  • Construction Loan
  • Home Equity Loan
  • Home Equity Line of Credit
  • Bridge Loan

Personal Loans:

  • Vehicle Loan
  • Boat, Motorhome, or Camper Loan
  • Motorcycle Loan
  • Unsecured Loan
  • Overdraft Protection
  • Student Loan

Checking:

  • Free Checking
  • Green Checking
  • Interest Checking
  • Gold Checking
  • Gold Plus Checking
  • Health Savings Accounts
  • Overdraft Protection
  • Direct Deposits
  • Visa Check card Features

Money Market:

  • Young Dacotah Money Market
  • Gold Money Market
  • Money Manager Account
  • Individual Retirement Account
  • Direct Deposit

Certificates of Deposit:

Personal Insurance:

  • Auto Insurance
  • Homeowners Insurance
  • Health Insurance
  • Life Insurance

Investment and Wealth Management

  • Retirement Planning
  • Investment Management

Estate and Trust Services:

Zelle:

Business Banking:

  • Card Solutions
  • Mobile & Online Solutions
  • Cash Management Solutions
  • Money Markets

Business Checking:

  • Bronze Checking
  • Business Checking
  • Blue Checking
  • Platinum Checking
  • Gold Business Checking
  • Online Deposit
  • Business Overdraft Protection
  • Positive Pay

Business Loans:

  • Line of Credit
  • Term Loans
  • Small Business Administration (SBA) Loans
  • Leasing

SBA Loans:

Business Insurance:

Investment and Wealth Management:

Estate and Trust Services:

Cards:

  • Personal Credit Card
  • Personal Debit Card
  • Other Cards
  • Business Credit Card
  • Business Debit Card

Agricultural:

  • Mobile & Online Solutions
  • Agricultural Loans
  • Agricultural Insurance
  • Agricultural Checking
  • Card Solutions
  • Money Markets
  • Estate and Trust Services
  • Farm and Ranch Management
  • Ag News and Markets

Resources:

  • Calculators
  • Fraud and Security Center
  • Financial Wisdom
  • Newsroom

What Are The Rates of Their Popular Products?

Choosing a product depends on lots of aspects. In this bank, you cannot easily get any product without knowing its current terms, minimum APY, and Rates.

Otherwise, it’s not easy to fit financial needs with such products. Let’s find out the rates from the table below

ProductCurrent Terms and RatesMinimum Balance for APY
Certificates of Deposit12 Months: 0.10% APY 24 Months: 0.20% APY 36 Months: 0.35% APY 48 Months: 0.55% APY 60 Months: 0.65% APY$10,000 for all tiers
Money Market Accounts10K tier: 0.03% APY 25K tier: 0.03% APY$10,000 $25,000
Checking Accounts0.01% APY$500
Picture: National Average vs. Dacotah
Picture: National Average vs. Dacotah

Conclusion:

It’s good to be in the Dakota territory because of the Dacotah Bank. There are many opportunities for a person to have different banking experiences.

For that, a wide range of products, a good energetic team is responsible. Yes, the team cares as much as we want from the management of a community bank.

Clients going to get the service from this bank not only fulfill their financial needs but also build strong relationships through exceptional customer service. This community bank is the last point where you can get solutions to your financial problems.

Undoubtedly, a better banking experience can drive you into a beautiful future and this bank is your ride.

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