First Dakota National Bank receives 2008 Million Dollar Club Award The United States Department of Agriculture Rural Development recently named First Dakota National Bank in Yankton and Vermillion to the $1 Million Club. This award is presented to those who exceed $1 Million in loans generated through the USDA Rural Development's Guaranteed Rural Housing loan program. Patti Ebeling of the Yankton Rural Development Office presented this award to the First Dakota Residential Real Estate Lending staff. USDA Rural Development's guaranteed housing program assists low and moderate-income families in purchasing or building homes. The $1 Million Club is based on the number of loans made in partnership with USDA Rural Development in South Dakota. Benefits in using the program are to be able to finance 100 percent loan to value, 30-year fixed rate mortgages, and are easily incorporated with the South Dakota Housing Development Authority loan program (First Time Homebuyers). Closing costs may also be financed as long as the total loan amount does not exceed 100 percent of the appraised value. Roger Hazuka, State Housing Program Director for USDA Rural Development in South Dakota said, "We value the partnerships we have with lenders statewide. With the $1 Million Club we recognize a representative group of leading lenders for the critical role they play in our housing programs and services." In South Dakota, area offices work with lenders statewide using federal guarantees, as well as direct housing loans, for local single and multiple housing loans. With total assets exceeding $700 million and a financial team of over 250 dedicated banking professionals, First Dakota has thirteen offices including: Chamberlain, Kimball, Oacoma, Parkston, Salem, Vermillion, Wagner, with two locations each in Yankton, Mitchell, and Sioux Falls. Additionally, we have loan production offices in Corsica, Mitchell, and Platte, South Dakota and in Elgin, Hastings, and Ogallala, Nebraska. 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 one of the broadest arrays of financial services in the region, including Internet Banking at firstdakota.com, eStatements, eMobile Banking, Bank-to-Bank eTransfers and online cash management for business.