Question 1

What is Rivers Edge Bank?

Accepted Answer

Rivers Edge Bank is a community-focused commercial bank specializing in agricultural banking services. Based in Marion, South Dakota, the bank serves individuals, families, farmers, and business owners across rural communities in southeastern South Dakota and western Iowa.

With approximately $325 million in total assets and five branch locations, Rivers Edge Bank emphasizes personalized service and deep community investment. The institution operates as a state-chartered commercial bank with FDIC insurance and S-Corp status, maintaining strong financial performance with an ROA of 1.22% and ROE of 13.8%.

Question 2

When was Rivers Edge Bank founded?

Accepted Answer

Rivers Edge Bank was founded in 1904, making it a financial institution with over 120 years of history serving rural South Dakota communities. The bank was established to provide essential banking services to the agricultural communities in Turner County and surrounding areas during a period of significant agricultural development in the region.

Throughout its long history, the bank has evolved from a traditional agricultural lender to a full-service community bank while maintaining its agricultural specialization and commitment to the farming communities that have been its foundation for more than a century.

Question 3

Where is Rivers Edge Bank headquartered?

Accepted Answer

Rivers Edge Bank is headquartered in Marion, South Dakota. The main office is located at 211 N Broadway Avenue, Marion, SD 57043, in Turner County within the Sioux Falls metropolitan statistical area.

Marion serves as the central hub for the bank's operations, providing strategic access to the agricultural communities and rural markets that form the core of the bank's customer base.

Question 4

Where does Rivers Edge Bank operate?

Accepted Answer

Rivers Edge Bank operates five full-service branch locations across southeastern South Dakota and western Iowa. The bank's footprint includes:

South Dakota locations:
• Marion (headquarters) - Turner County
• Bridgewater - McCook County  
• Howard - Miner County
• Parker - Turner County

Iowa location:
• Hawarden - Sioux County

All branches serve the Sioux Falls metropolitan area and surrounding rural agricultural communities. The bank maintains 24-hour ATM access at most locations and offers extended hours at select branches, including Saturday morning service in Marion and Hawarden.

Question 5

What services does Rivers Edge Bank offer?

Accepted Answer

Rivers Edge Bank provides a comprehensive range of personal, business, and agricultural banking services tailored to rural and farming communities:

Personal Banking: Checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, and home equity loans.

Business Banking: Commercial checking accounts, business loans, commercial real estate financing, ACH origination, merchant services, and cash management solutions including remote deposit capture.

Agricultural Services: Operating loans, equipment financing, real estate loans, livestock revenue protection, and crop insurance through licensed agents partnering with premier insurance providers.

Digital Banking: Mobile banking app with mobile deposit, online banking with 24/7 account access, Bill Pay services, eStatements, transaction alerts, debit card controls (including instant lock/unlock), and fingerprint/face ID authentication. The bank's digital platform offers transfer capabilities, real-time balance monitoring, and customizable security alerts.

Question 6

What makes Rivers Edge Bank unique?

Accepted Answer

Rivers Edge Bank distinguishes itself through its specialized focus on agricultural banking combined with modern digital capabilities and deep community connections:

Agricultural Expertise: The bank holds an official FDIC designation for agricultural specialization, with substantial loan portfolios dedicated to farming operations, crop insurance products, and livestock protection programs.

Community Investment: Bank leadership actively participates in state banking associations, with executives serving in prominent roles such as board positions with the Independent Community Bankers of South Dakota (ICBSD) and South Dakota Bankers Association (SDBA).

Local Ownership and Relationships: As a community bank, Rivers Edge emphasizes that its employees live, work, and invest in the same communities they serve. The bank's philosophy centers on partnership-based relationships rather than transactional banking.

Digital-Forward Rural Banking: The institution combines traditional community banking values with robust digital banking technology, offering mobile deposit, comprehensive online banking, and advanced debit card management features typically found at larger institutions.

Rivers Edge Bank is part of First State Associates Inc., a bank holding company, allowing for additional resources while maintaining local decision-making and community focus.

Question 7

What type of financial institution is Rivers Edge Bank?

Accepted Answer

Rivers Edge Bank is a state-chartered commercial bank with a specialized focus on agricultural banking. As a commercial bank, it offers a full range of deposit and lending services to both consumer and business customers.

The bank operates under state banking regulations with the FDIC as its primary federal regulator. It is not a member of the Federal Reserve System but maintains S-Corporation tax status.

With its FDIC agricultural specialization designation and substantial agricultural loan portfolio, Rivers Edge Bank fits the profile of an agricultural bank—a commercial bank that derives a significant portion of its business from farm and ranch operations. This specialization is reflected in the bank's product offerings, including crop insurance, livestock revenue protection, and financing tailored specifically to the agricultural sector's unique seasonal cash flow patterns and equipment needs.

Question 8

What is Rivers Edge Bank's holding company structure?

Accepted Answer

Rivers Edge Bank operates as a subsidiary of First State Associates Inc., a bank holding company regulated by the Federal Reserve. This holding company structure provides the bank with additional financial resources, operational support, and potential capital flexibility while allowing Rivers Edge Bank to maintain its community banking identity and local decision-making authority.

The holding company relationship enables the bank to access broader resources for technology investments, regulatory compliance, and strategic growth initiatives while preserving the personalized service and community focus that defines its operations in rural South Dakota and Iowa markets.

Rivers Edge Bank

in the United States 🇺🇸

Crypto-Friendliness

All done!

About Rivers Edge Bank in the United States