The South Dakota Trust Association engaged Dakota Institute to determine the economic impact that the trust industry has on the state. The executive summary of the findings is below. SDTA Economic Impact Report 2025 Executive Summary
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Compliance Officer – Lapistone Trust company Compliance Officer (Part-Time, Approx. 20%) Location: Sioux Falls, South Dakota (in-person, not remote) Company: Lapistone Trust LLC Website: www.lapistonetrust.com Lapistone Trust LLC is a South Dakota-chartered public trust company serving high-net-worth international clients, with a particular focus on Chinese-speaking families. South Dakota is recognized globally as a leading jurisdiction
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Members of the South Dakota Trust Association Philanthropy Committee recently presented checks to community partners from the SDTA Trust for the Future Fund. A portion of each SDTA member’s dues is contributed to the fund in addition to direct contributions from member companies. A volunteer event was also held at Feeding South Dakota in Rapid
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Summer Intern – BTC Trust Company of SD BTC Trust Company of South Dakota is currently seeking an intern for summer 2026. Our internship is a full-time, onsite, paid position and will run from approximately June 1, 2026, through August 31, 2026, depending on the successful candidate’s availability. The successful candidate will be exposed to
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The application period is now open for the Spring 2026 SDTA Trust Industry Scholarship. Scholarship Amounts: $2,000, $1,500 and $1,000 (Up to 3) Purpose: The South Dakota Trust Association Trust Industry Scholarship awards up to three (3) scholarships to college students to promote the South Dakota Trust industry and to offer students a window into
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2025 South Dakota Law Trust Law Update, prepared by Patrick Goetzinger, Gunderson, Palmer, Nelson, & Ashmore, Rapid City, SD 2025 South Dakota Trust Law Update 2806301
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The South Dakota Trust Association held volunteer days with Habitat for Humanity locations in both Rapid City and Sioux Falls. Volunteers worked at the “Rock the Block” Neighborhood Revitalization in Sioux Falls and at the ReStore in Rapid City. The next volunteer day will be with Feeding South Dakota this fall.
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The South Dakota Division of Banking issued guidance on actions organizations should take regarding their cyber hygiene. (2025 02 28) SD DOB Cyber Security Industry Awareness Memo
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There has been a status update to the CTA beneficial ownership information filing requirement. Please see the statement from FinCEN below. It can also be found at: https://fincen.gov FinCEN Removes Beneficial Ownership Reporting Requirements for U.S. Companies and U.S. Persons, Sets New Deadlines for Foreign Companies WASHINGTON––Consistent with the U.S. Department of the Treasury’s March
In 2022, the South Dakota Trust Association implemented a new scholarship opportunity available to post-secondary students to help increase awareness of the local trust industry. It is the hope that this scholarship opportunity helps to raise awareness of students about the career paths in the trust industry, emphasizing the current demand for trust administrators. In
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