“We are pleased to announce to the First State Bank of Claremont and Stohr Agency customers and communities that Dacotah Bank is here for you,” said Joe Senger, Dacotah Bank CEO.

First State Bank of Claremont’s Groton and Langford locations fit well in the middle of Dacotah Bank’s existing footprint. Dacotah Bank has locations across South Dakota, North Dakota and Minnesota. Closely surrounding First State Bank of Claremont’s locations are branches in Aberdeen, Clark, New Effington, Roslyn, Sisseton and Webster. Along with the geographic alignment of locations, the customer base is a natural fit as well. Groton and Langford are agricultural-centric communities, and Dacotah Bank is the 12th largest Ag lender in the nation.

First State Bank of Claremont president Jeff Stohr shared, “our bank has roots dating to 1903 and our family has associated with it since 1937.  We have fantastic employees who will continue serving the customers and communities we cherish.  In many ways, our objectives align well with Dacotah Bank, and they will bring greater lending capacity and a variety of additional products and services that I believe will serve our employees, customers and communities well for years to come.” 

The addition of Groton and Langford bring Dacotah Bank’s total number of locations to 34. The agreement for acquisition is pending regulatory approval.