Schott announces retirement, Pratt named ag manager Harlan Schott, vice president ag manager, has announced his retirement from First Dakota Financial Center effective Feb. 21.
"This is a decision that is with mixed emotions as I will miss contact with my customers who are in the front lines of agricultural production, and who are so unique and valuable to this community and state," said Schott.
He plans to remain in the Vermillion community, devoting attention to other business interests, family, travel, and playing golf.
"Schott has been a great asset to our Vermillion team and will be missed," said Gene Lunn, president of First Dakota Financial Center in Vermillion.
First Dakota has appointed Farron Pratt to vice president � ag manager.
"Pratt will take on the day-to-day management of our ag department. Pratt grew up on the family farm and has 12 years of ag lending experience. We know he will be a great fit on our ag finance team," said Denny Everson, president � ag finance division.
Pratt is a graduate of Northern State University with majors in accounting and management He also is a graduate from Colorado Graduate School of Banking. Pratt has been with First Dakota since September of 2002.
He has over 12 years of banking and ag business experience. Prior to his move to First Dakota, Pratt was executive vice president of Dacotah Bank in Clark.
Pratt and his wife, Shellie, reside in Vermillion with their two children, Rylan, age 3 and Kennedy, age 1.
With total assets exceeding $445 million and a financial team of over 230 dedicated banking professionals, First Dakota has grown to 11 offices including: Chamberlain, Kimball, Parkston, Salem, Vermillion, Wagner, two locations each in Mitchell and Yankton, and new Sioux Falls locations opening soon.
First Dakota also has loan production offices in Elgin, Hastings, and Ogallala, NE.
First Dakota was founded in 1872 and holds the Dakota Territory's first bank charter. As South Dakota and the upper Midwest have evolved, so has First Dakota. Today, First Dakota offers some of the broadest arrays of financial services in the region, including telephone banking, Internet banking at firstdakota.com and online cash management.