The Source

Top 20 mortgage lenders

Published September 12, 2007, Sioux Falls Business Journal
Copyright © The Source, 2006-07


Ranked by outstanding mortgages.
Sources: Sioux Falls Business Journal research, Federal Financial Institutions Examination Council, National Credit Union Association, information from banks.
Notes: For banks, mortgages secured by one- to four-family residential properties. For credit unions, all real estate loans.

Download the spreadsheet file for Top 20 mortgage lenders

Rank Company Local Executive(s) # Employees # Local Sites Mortgages Owner
1 Wells Fargo Bank NA Dan Murphy, regional president 2 15 $116.4 billion Wells Fargo & Co.
2 U.S. Bank NA Barry L. Martin, division president 123 9 $39.6 billion U.S. Bancorp
3 State Farm Bank Karen Weith, agency field executive for S.D. 47 10 $4 billion State Farm Mutual
4 Great Western Bank Rick Martin, market president 130 9 $302.6 million Great Western Bancorporation Inc.
5 State Bank Mortgage, a division of State Bank & Trust Jim Lowe, vice president and manager 5 1 $235.5 million State Bank & Trust
6 Home Federal Bank Curt Hage, chairman and CEO 265 20 $210.5 million HF Financial Corp.
7 The First National Bank in Sioux Falls Bill Baker, president and CEO 227 20 $187.7 million Minnehaha Banshares Inc.
8 Dacotah Bank Dave Bangasser, market president 36 4 $109.2 million Dacotah Banks Inc.
9 First Premier Bank Dana Dykhouse, president and CEO 245 9 $98.6 million United National Corp.
10 CorTrust Bank NA Jack Hopkins, president and CEO 81 7 $68.5 million Hopkins Financial Corp.
11 MetaBank J. Tyler Haahr, president and CEO 91 4 $65.9 million Meta Financial Group
12 First Dakota National Bank Gene Uher, director of bank operations 45 3 $56.3 million First Dakota Financial Corp.
13 Service First Federal Credit Union Roger Peters, president 62 5 $43.4 million Member-owned
14 First Bank & Trust NA Brian Thompson, CEO 71 4 $30 million Fishback Financial Corp.
15 Minnwest Bank dba Minnwest Mortgage Corp. Evan Ingebrigtson, president 21 2 $21.7 million Minnwest Corp.
16 First Savings Bank Rhett Hirth, branch president 24 3 $20.4 million Beresford Bank Corp.
17 First National Bank South Dakota Stan Biondi, market president 20 2 $19 million First National Bank Omaha
18 BankFirst David W. King, managing director 92 1 $18 million Marshall BankFirst Corp.
19 Sioux Falls Federal Credit Union Earl Stone, president and CEO 53 4 $14.2 million Member-owned
20 Frontier Bank Rick Anderson, community bank president 12 1 $13.1 million Rock Rivers Bancorp.

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