SOUTH DAKOTA DIVISION OF BANKING 1601 N. Harrison Avenue, Suite 1, Pierre, SD 57501 605-773-3421 NUMBER: 10-009 DATE: July 8, 2022 TO: SOUTH DAKOTA TRUST COMPANIES FROM: BRET AFDAHL, Director RE: SPECIAL PURPOSE ENTITY OVERSIGHT GUIDANCE MEMORANDUM The South Dakota Division of Banking (Division) is aware of instances in which Special Purpose Entities (SPEs) named …
Special purpose entity Memo from the SD Division of Banking Read More »
All South Dakota Chartered Trust Companies: As a result of the ongoing conflict involving Russia and Ukraine and corresponding sanctions, the U.S. Treasury and the Office of Foreign Assets Control (OFAC) has been actively updating the Specially Designated Nationals (SDN) List and non-SDN sanctions lists. Every South Dakota-chartered trust company should take a proactive approach …
October 22, 2021 The Wall Street Journal Editorial Board provided their opinion of the South Dakota trust industry. You can read the full article below.
October 19, 2021 The Madison Daily Leader published an editorial regarding the South Dakota trust industry. You can read the full article below. https://www.madisondailyleader.com/opinion/article_2c88c3a0-3109-11ec-9a8a-1b52ceb38a8e.html
October 13, 2021 Rick Kahler examined the complex issue of South Dakota trusts in the Rapid City Journal. You can read the full article below. https://rapidcityjournal.com/business/kahler-the-complex-issue-of-south-dakota-trusts/article_ac300274-a097-5a43-9758-f83f8a64488a.html
2021 Philanthropy Day at feeding south dakota South Dakota Trust Association was proud to staff an afternoon of volunteering at the Rapid City and Sioux Falls Feeding South Dakota locations on October 7, 2021. The crew packed more than 1,600 backpacks of food for students in need to take home over the weekend. In addition, …
2021 South Dakota Trust Law Update
April 19, 2021 SiouxFalls.Business featured article today on the continued growth of the trust industry in South Dakota. You can read the full article below. Growth of South Dakota’s trust industry continues to accelerate