Regulators Give Local Bank Outstanding Rating

Aberdeen, S.D.—Dacotah Bank has been given an Outstanding rating for the firm’s performance under the Community Reinvestment Act (CRA). The CRA guides bank examiners to evaluate a bank’s efforts to rebuild and revitalize communities through sound lending and good business judgement.

Joe Senger, president and CEO of Dacotah Banks Inc., expressed his pride and appreciation of the rating. “For more than a decade, Dacotah Bank has received an Outstanding rating following regulator exams conducted every two years. Diana Pfister, her compliance team, and the company’s market leaders have done an excellent job of supporting local communities with investments, donations, and contributions of time and talent!”

A bank’s CRA rating is based on three performance tests; Lending Test, Investment Test, and Service Test. Considered to be in the Large Bank category, Dacotah Bank scored an Outstanding rating in all three test areas.

Recognizing that Dacotah Bank “is a leader in making community development loans,” the examiners’ report commends the company for “excellent responsiveness to credit needs throughout its assessment area.”

Examiners from the Minneapolis Federal Reserve Bank, 9th District, found Dacotah Bank’s “level of qualified investments in the form of securities and donations is excellent.”

Regarding service, Dacotah Bank’s retail services were found to be “readily accessible to the bank’s geographies and to residents, businesses, and farms throughout the assessment areas (trade territory).”

Another function and result of good CRA activity is to provide a framework for banks and community organizations to work together to promote the availability of credit and other banking services in low and moderate income communities and for low and moderate income individuals.

For more information about CRA, visit the Minneapolis Federal Reserve Bank website at

Member FDIC, Equal Housing Lender. Insurance and Trust not FDIC Insured.

©2018 Dacotah Banks, Inc. Dacotah Banks, Inc. Member FDIC Equal Housing Lender Insurance and Trust
not FDIC Insured.