Question 1

What is Campbell County Bank?

Accepted Answer

Campbell County Bank is a community-oriented commercial bank specializing in agricultural, personal, and commercial banking services. With approximately $205 million in total assets and three branch locations, the bank serves rural communities in north-central South Dakota. Known for its commitment to local decision-making and personalized service, Campbell County Bank maintains a unique ownership structure with local shareholders.

The bank operates as a state-chartered financial institution with agricultural specialization, focusing on the financial needs of farmers, ranchers, and small businesses.

Question 2

When was Campbell County Bank founded?

Accepted Answer

Campbell County Bank was founded in 1944 in Herreid, South Dakota by 25 local shareholders who each invested in the new institution. The bank was established to provide reliable banking services to the agricultural communities of Campbell County during a time when access to local financial services was critical for rural development.

The founding shareholders created a unique ownership structure that continues today, with the bank remaining locally owned and operated by community members who understand the region's agricultural economy.

Question 3

Where is Campbell County Bank headquartered?

Accepted Answer

Campbell County Bank is headquartered in Herreid, South Dakota, a small town in Campbell County. The main office is located at 110 Main Street North in Herreid.

Question 4

Where does Campbell County Bank operate?

Accepted Answer

Campbell County Bank operates in north-central South Dakota with three full-service branch locations. The branches are located in:
• Herreid (headquarters) - Campbell County
• Pollock - approximately 16 miles northwest of Herreid
• Menno - serving southern communities

The bank primarily serves Campbell County and surrounding areas in South Dakota, extending its reach into adjacent counties in North Dakota, including Walworth, Corson, and McIntosh Counties. The service area is predominantly agricultural, with customers ranging from farmers and ranchers to local businesses and consumers.

Question 5

What services does Campbell County Bank offer?

Accepted Answer

Campbell County Bank provides a comprehensive range of financial services tailored to rural communities, including:

Personal Banking: Checking accounts, savings accounts, certificates of deposit, IRAs, and consumer loans.

Commercial Banking: Business checking and savings, commercial loans, and business credit services.

Agricultural Lending: Farm and ranch financing, crop loans, livestock loans, equipment financing, and agricultural operating lines of credit at competitive rates. The bank specializes in working with agricultural producers through various economic cycles.

Insurance Services: Through Campbell County Bank & Insurance, customers have access to personal and commercial insurance products.

Digital Banking: Online banking, mobile banking, mobile deposit, telephone banking, and eStatements for convenient 24/7 account access.

Question 6

What makes Campbell County Bank unique?

Accepted Answer

Campbell County Bank stands out for several distinctive features:

Local Ownership Structure: The bank maintains its original 1944 model of local ownership by community shareholders, ensuring all decisions are made locally rather than at a distant corporate headquarters. This allows for rapid decision-making on loans and services.

Agricultural Expertise: With an agricultural specialization designation, the bank has deep expertise in farm and ranch financing, with loan officers who understand the cyclical nature of agricultural economics and work closely with producers during challenging times.

Community Development Leadership: The bank's leadership has been instrumental in addressing critical community needs. Bank President Dean Schwartz led the formation of the Herreid Area Housing Development (HAHD) Project in partnership with 28 community members to combat a severe affordable housing shortage that threatened local industries and schools. The project has resulted in 27 housing units and numerous quality-of-life improvements.

S-Corporation Status: The bank operates as an S-Corporation, which provides tax advantages that can be passed through to shareholders and potentially result in better returns for the local owners.

Question 7

What type of financial institution is Campbell County Bank?

Accepted Answer

Campbell County Bank is a State-Chartered Community Bank with agricultural specialization. As a state-chartered institution supervised by the FDIC, it operates independently without Federal Reserve membership.

The bank exemplifies the community banking model by maintaining local ownership, making lending decisions at the community level, and focusing on relationship banking. Its agricultural specialization classification reflects its concentration on serving the farming and ranching communities that form the economic backbone of its service area. With total assets exceeding $200 million, it represents a mid-sized community bank with sufficient capital to serve regional agricultural and commercial needs while maintaining the personalized service characteristic of smaller institutions.

Campbell County Bank

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About Campbell County Bank in the United States