First Dakota wins award First Dakota National Bank has been awarded first place in state competition for the bank's outstanding community efforts.
The South Dakota Bankers Foundation announced the winners of its Community Service Awards program during the South Dakota Bankers Association's Legislative Conference, Reception and Dinner held in Pierre on Feb. 9.
First Dakota has been a partner with the family farm since it opened its doors in 1872. In late 1998 it became apparent to the staff of the First Dakota Ag Finance Division that if this partnership were to remain strong in the future, it would be necessary that the bank do its part in informing and educating its farm partners.
Assisting their customers in maximizing profitability was going to be a key as an eminent downturn in the ag economy began to develop. Therefore in early 1998 the Ag Finance staff began to develop "AgriVisions 99." The concept encompasses the following: heavy reliance on First Dakota's team of professionals; initiation of new ideas, entities, and loan programs; establishment of educational sessions designed to inform customers on how to develop and implement a marketing plan; promotion of the ag industry in general; newsletter articles that assist ag customers; and promotion of the value added process.
First Dakota competed in the category of Economic Development/Civic Pride for the bank with assets of $50 million and above.