A History of Trust
A Small-Town Beginning
At Plains Commerce Bank, our roots run deep in the heart of the Dakotas. Starting over 90 years ago as the Bank of Hoven in Hoven, SD, we quickly formed strong ties to this small town along with many of the neighboring communities. The sound relationships that were formed in these early developmental years have lasted through today and are an important part of our success.
Due to ever-changing times and the demand for consumer credit, in 1986 we expanded into a national credit card program. This was a niche for the bank that allowed for growth in and out of our market.
Over the next decades, our success continued in all facets of business. Our accomplishments have not only been recognized regionally, but also nationally. We have been listed several times as one of the top banks in the United States by various organizations and we continue to receive similar designations.
In January 2001, we purchased The People’s Bank and merged with their offices in Aberdeen and Conde, SD. Along with this merger came the need for a new name, thus the Bank of Hoven became Plains Commerce Bank. Our name is thought to represent both our place in this great nation as well as the core strengths on which we do business.
In 2002, Wells Fargo purchased Marquette Bank which led to the sale of certain branches across South Dakota. We capitalized on this opportunity by purchasing their uptown Watertown location.
Continued Growth and Development
In addition to celebrating 75 years of banking in 2006, we opened our sixth location in Sioux Falls, SD. Just two years later we purchased Journey Mortgage and we now offer a variety of home loan products.
2012 was a year of growth and prosperity. With the addition of a second Sioux Falls location, we also opened our first loan production office in Mitchell, SD which converted to a full-service bank in 2015.
Our mission at Plains Commerce Bank is to provide customers with quality service and products, by linking the values of the past with the ideas and technology of the future.
Although 2020 was a year of uncertainty, one thing rings true-we are committed to our communities. Together we will continue to grow and together we will continue to serve your banking needs.
Sioux Falls remains our largest market served, and the need arose for a third location to better support the demand for Plains Commerce and its services. Opened in June 2020 and located at the corner of East 57th Street and Sycamore Avenue, this Southeast Sioux Falls location hosts a full service branch.
If you are seeking a bank where service is a top priority, we invite you to meet with one of our bankers and become a part of our family.