First Dakota National Bank, 1712 N Main St, Mitchell, SD 57301, US

HistoryFarmers State Bank was founded July 19, 1919 in Beardsley, South Dakota. The original stockholders of the bank were: Fred G., Ernest, John, Ann and Anna Bormann who were all siblings. Their respective titles were President, Cashier and Vice President. The original capital stock issued was $15,000.00. In 1933 the Bormann brothers moved the bank from Beardsley to Stickney, South Dakota, and increased the capital stock to $25,000.00. On December 11, 1954, Vern Bormann, who was the son of Fred G. Bormann, opened a bank in Parkston, South Dakota, and together with his father and brothers operated the two banks until 1959 when Fred G. Bormann along with his sons Marvin and Donald applied for and received a charter for the Stickney location. In that same year, Vern acquired the original Farmers State Bank charter and increased the capital stock to $75,000.00.SpecialtiesAt Farmers State Bank our relationships with our customers is just as important as the quality of the products and services we offer. We do everything within our power to make your business with us as helpful, friendly, prompt and courteous as possible. Banking with Farmers State Bank also means we'll return your calls and answer your questions quickly. Since people like to do business with people they like, we're committed to treating our customers with the utmost courtesy and respect. We want to make your banking experience a positive one.

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