Rollover auctions raise money for West River ranchers

Yankton — Nate Franzen, president of First Dakota National Bank’s Ag Division, announced donations totaling $12,000 for the relief fund to help the West River cattle producers that suffered large losses in the October blizzard of 2013. The Ag Loan Division had 100 percent participation from all ag lending officers, raising $6,000 amongst them. The bank then matched their efforts with another $6,000 for a total of $12,000.

A rollover auction happens at local sale barns when one animal is sold several times over in order to raise money. First Dakota has taken part in these auctions at the sale barns in Mitchell, Yankton, Sioux Falls, and Platte.

“I am extremely proud to know and work with this team of ag bankers that care enough to personally give a great gift to help their South Dakota neighbors.” said Franzen. “It’s a large part of our bank culture to lend a hand where needed. What a testament to this team’s passion and commitment to the ag industry.”

First Dakota was founded in 1872 and holds the first bank charter issued in all of Dakota Territory. It has 16 full-service banking locations in 12 South Dakota cities. It also has six loan production offices throughout South Dakota and Nebraska.

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