Bank Branches › Closed and merged banks › South Dakota › First Federal Savings Bank of South Dakota
What happened to First Federal Savings Bank of South Dakota?
First Federal Savings Bank of South Dakota in Rapid City, SD (earlier called First Federal Savings and Loan Association of Rapid City) failed, and Metropolitan Federal Bank, FSB of Fargo, ND took it over on Apr 24, 1992. After 3 more changes of hands, what was First Federal Savings Bank of South Dakota is today part of U.S. Bank National Association (Cincinnati, OH).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1925First Federal Savings and Loan Association of Rapid City opens in Rapid City, SD
- Jun 30, 1987renamed First Federal Savings Bank of South Dakota
- Apr 24, 1992FAILEDFirst Federal Savings Bank of South Dakota failed, and Metropolitan Federal Bank, FSB of Fargo, ND took it over.FDIC certificate 27853 ends; its business continues under certificate 28256.
- May 31, 1997MERGEDMetropolitan Federal Bank, FSB (by then renamed First Bank, Federal Savings Bank) of Fargo, ND merged into First Bank National Association of Minneapolis, MN.FDIC certificate 28256 ends; its business continues under certificate 5199.
- Jul 11, 1997MERGEDFirst Bank National Association of Minneapolis, MN merged into First National Bank of East Grand Forks of Minneapolis, MN.FDIC certificate 5199 ends; its business continues under certificate 5134.
- Aug 9, 2001MERGEDFirst National Bank of East Grand Forks (by then renamed U.S. Bank National Association) of Minneapolis, MN merged into U.S. Bank National Association of Cincinnati, OH.FDIC certificate 5134 ends; its business continues under certificate 6548.
- TodayOPEN
U.S. Bank National AssociationMain office Cincinnati, OH · FDIC certificate 6548 · 2,097 offices in 29 states on June 30, 2026Every U.S. Bank National Association office → Website on file with the FDIC: www.usbank.com
If you still have something from First Federal Savings Bank of South Dakota
A lien that was never released
First Federal Savings Bank of South Dakota failed on Apr 24, 1992, handled by the Resolution Trust Corporation, the agency that closed failed savings institutions from 1989 to 1995. The FDIC's lien-release page covers failed banks and savings and loans placed in FDIC receivership; it does not say how releases work for resolutions this old.
Call FDIC Resolution Inquiries at 888-206-4662 (8am–4pm Central, weekdays) and ask whether the FDIC holds this institution's receivership. Ask U.S. Bank National Association as well: the chain above leads there. The FDIC's own instructions are at FDIC, Obtaining a Lien Release.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Metropolitan Federal Bank, FSB). Start with U.S. Bank National Association, and ask them to search under the name First Federal Savings Bank of South Dakota.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask U.S. Bank National Association. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Banks folded into First Federal Savings Bank of South Dakota
1 bank merged directly into this charter.
| Bank | Ended |
|---|---|
| Perpetual Savings and Loan AssociationRapid City, SD | Sep 30, 1981 |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 27853 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.