• Home to DLR
• Home to Banking
• About Us
• Banking Commission
  • Commission Meetings
  • Commission Members
• Banks
• Consumer Resources
  • Consumer Information
  • Submit a Complaint
• Forms
• South Dakota Laws and Rules
  • Legislative Updates
  • Supervisory Guidance
  • Federal Regulations
• Money Lenders
• Money Transmitters
• Mortgage Licenses
• Public Deposit Protection Commission
• Trust Companies
• Trust Task Force
• Monthly Activity Reports
  • Current Year Reports
  • Archived Activity Reports
• Contact Us

Banking

The Division of Banking is charged with the regulation and supervision of state chartered and licensed financial institutions, to maintain stability and public confidence in state chartered institutions and to protect public interests.

We promote the safety and soundness of state chartered financial institutions by identifying, monitoring and addressing risks to those institutions. Learn more About Us.

CSBS/CFPB CARES Act Forbearance & Foreclosure Guidance

View guidance.

2023 Legislative Updates

The documents available below providing guidance from the Division of Banking are in Adobe PDF format.

20-031 Trust Legislation (May 26, 2023)

20-032 Money Transmitter Legislation (May 26, 2023)

Cybersecurity Tools for Financial Institutions

Ransomware Self-Assessment Tool (R-SAT) for banks
Ransomware Self-Assessment Tool (R-SAT) adapted for nonbank institutions

Ransomware has become one of the most visible cyber threats to our nation’s networks. Due to advancements in ransomware and its potentially devastating consequences, financial service providers should review and update their security controls. The R-SAT is a brief questionnaire that walks through key measures to protect businesses and can assist management and Boards (as applicable) in evaluating preparedness. Ransomware preparedness will help to minimize the risk of total loss of records.

Enforcement Actions

See the Ocwen Financial Corp. order issued by the Division of Banking and find answers to frequently asked questions.

See the Dollar Loan Center order and limited stay issued by the Division of Banking.

See the West Realm Shires Services Inc. d/b/a FTX US order issued by the Division of Banking.

See the Voyager Digital, LLC order issued by the Division of Banking.

See the One American Bank order issued by the Division of Banking and the FDIC

See the ACI Payments, Inc. Settlement Agreement and Consent Order issued by the Division of Banking

See the Sigue Corporation Interim Consent Order issued by the Division of Banking

Nationwide Multistate Licensing System & Registry (NMLS)

Conference of State Bank Supervisors

Contact Us

Division of Banking
South Dakota Department of Labor and Regulation
1714 Lincoln Ave., Suite 2
Pierre, SD 57501
Phone: 605.773.3421
Fax: 866.326.7504
email: banking@state.sd.us