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Full-service bank offering checking, savings, personal loans, mortgages, credit cards, and wealth management services for individuals and businesses.
Data compiled from public sources
First PREMIER Bank is a traditional full-service bank that has established itself as a comprehensive financial institution serving personal and business banking needs. The bank operates a multi-service platform that caters to customers at various income and asset levels, from entry-level banking customers to high-net-worth individuals seeking private banking services. The bank's core offerings span multiple categories: personal and business checking accounts, savings products and CDs, personal loans and lines of credit, mortgages including jumbo loans and construction financing, credit cards, brokerage and investment services, retirement planning, insurance products, and wealth management.
Their digital banking infrastructure includes free online and mobile banking platforms with bill pay and mobile deposit capabilities, alongside 37,000+ ATM network fee context nationwide. They also offer listed programs including a Professionals & Physician Loan Program for high-income borrowers and jumbo mortgage specialization. First PREMIER differentiates itself through tiered service levels—standard personal banking alongside premium offerings like Reward Checking (requiring $15,000 monthly deposit relationships), PREMIER Money Market accounts with rate benefits for higher balances, and comprehensive wealth management for private banking clients.
Their mortgage services emphasize fast online processing and local decisioning, while their investment services include both self-directed brokerage and managed portfolio options. The bank positions itself to serve both conservative savers and sophisticated investors. As a traditional bank, First PREMIER Bank is fundamentally a mainstream financial institution best suited for customers seeking established banking infrastructure, FDIC insurance protections, and integrated financial services under one roof.
The primary caveat is that as a conventional bank, they may not be the optimal choice for customers specifically seeking subprime credit products, rapid small-dollar lending, or listed credit-building solutions—though their standard product suite is comprehensive for general banking needs.
This is state-level context for Banks consumers in Sioux Falls, SD. It does not confirm that First Premier Bank or this specific location is licensed.
State regulator
South Dakota Division of Banking
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
First Premier Bank processed 1,084 mortgage applications in 2023, with 76.8% recorded as approved across 31 states.
1,084
Applications
76.8%
Approval Rate
$187K
Avg Loan
31
States Served
Based on 1,084 applications. Income in thousands (reported by applicant).
Source: CFPB Home Mortgage Disclosure Act (HMDA) Data, 2023. Applications include originated, approved, and denied loans.
First Premier Bank offers 16 services including Personal Checking (FREE+ Checking and Reward Checking options), Debit Cards with surcharge-free ATM access (37,000+ nationwide), Overdraft Protection, Free Online and Mobile Banking with Bill Pay and Mobile Deposit, Mobile Wallet linking, and 11 more.
First Premier Bank has profile signals associated with Customers seeking comprehensive banking services including checking, savings, lending, and investments in one institution, Homebuyers interested in mortgage products including jumbo loans, construction financing, or professional/physician loan programs, High-net-worth individuals and professionals seeking integrated wealth management, private banking, and estate planning, Savers looking for tiered product options (standard to premium) with FDIC-insured accounts and competitive CD rates.
Key strengths: Offers 37,000+ ATM network fee context nationwide, providing substantial ATM network coverage; FREE+ Checking account with no fees to verify, monthly maintenance fees, or minimum balance requirements; Free Online, Mobile Banking, Bill Pay, and Mobile Deposit services included standard. Areas to consider: No mention of competitive APR comparisons or rate transparency on loan products from the website; Wealth management and private banking services appear designed primarily for higher-net-worth individuals, limiting accessibility.
In the Banks category, comparable providers include American Bank & Trust, Andes State Bank, Bankstar Financial. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
First PREMIER Bank is profile signals for individuals and families seeking a traditional full-service banking relationship with FDIC-insured products, comprehensive lending options, and integrated investment services. The main caveat is that they function as a mainstream bank rather than a listed subprime, credit-building, or alternative lender—so customers with damaged credit or seeking rapid small-dollar loans should look elsewhere.
Regional bank with locations across South Dakota offering personal banking, mortgages, business services, and wealth management through multiple service lines.
Profile signals: South Dakota-based small business owners seeking local relationship banking and agricultural lending, Homebuilders and construction borrowers needing listed construction loan products with local experience context
Andes State Bank is a traditional community bank offering checking, savings, loans, and digital banking services with local branch presence and personalized customer service.
Profile signals: Local community members seeking personalized banking relationships and branch access, Customers needing multiple loan products (auto, home, personal) from a single institution
BankStar Financial is a locally-owned community bank operating three branches in South Dakota (Brookings, Elkton, Volga) offering checking, savings, CDs, and cash management services.
Profile signals: South Dakota residents in Brookings, Elkton, or Volga areas seeking community bank relationships, Small business owners needing local banking with cash management services
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