Faulkton Bank President to Retire

Faulkton, SD – After more than 40 years in banking and finance, Dwight Hossle, market president for Dacotah Bank in Faulkton, SD has announced his retirement. Hossle began his career as an agricultural lender with 1st National Bank in Aberdeen, now Wells Fargo. He spent the past 35 years in Faulkton and will retire on April 15. 

Dwight grew up on a ranch near Winner, SD where he attended Winner High School, graduating in 1971. He attended Northern State University in Aberdeen, playing football while earning a Bachelor of Science degree in Business Administration. Following four years with 1st National Bank of Aberdeen, Dwight worked for South Dakota Student Loan Finance Corp (SLFC). 

In January 1982, Hossle joined what was to become Dacotah Bank in Aberdeen and in February of that year transferred to Faulk County State Bank in Faulkton; later to be renamed Dacotah Bank. There he started as an ag lender under the leadership of Robert Wherry, the local bank president, later becoming the senior vice president and eventually the market president. 

Dwight and Rhonda (Erickson) of Gettysburg were married in May of 1982 and Rhonda started at the bank in May of 1982, where she too will be celebrating 35 years of employment with the company this year. The couple has two daughters. Amanda, age 29, works for the SD Department of Public Safety in Pierre and Kalli Jo, age 24, is a department manager for Target in Aberdeen. 

Dwight has been active in the cattle industry as a producer and as a long-time member of the South Dakota Cattlemen’s Association. He attended the Graduate School of Banking at Madison, WI, graduating in 1996. For 25 years, Dwight served on the South Dakota Bankers Association Commercial and Ag Committee and the Faulkton Economic Development Corporation. He was also a member of the 2006 class of South Dakota Ag and Rural Leadership, where he had the opportunity to tour Brazil and experience their agricultural lifestyle. 

“Banking has seen numerous changes in the past 35 years. Increased regulations have been a big part of that change, good or bad. Also the sheer volume of dollars it takes to finance agricultural operations today compared to what it took in the 1980s is staggering and something nobody could have predicted,” Hossle said.

Dwight says he will miss the people. “I will miss the people that I have had the pleasure of working with over the past 35 years on a daily basis, both employees and customers. The employees, past and present, have made every day of my career very enjoyable. It’s important to enjoy every day and the people I have worked with have made that possible. There comes a time when the trail ends and it’s time to dismount and unsaddle. That time has come.”

Brad Moore, Mid-Dakota regional president for Dacotah Bank, recognized Hossle for his steadfast service. “Dwight has served the Faulkton and Cresbard markets for 35 years. While there have been many changes in the banking and financial services industry throughout this period, Dwight’s focus on the customer, employees, and the community always remained the same. We thank Dwight for his years of service and wish him the best in his retirement years.”


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not FDIC Insured.