About Us
Bank 360 has three locations to serve you. We are willing to help you with all of your banking needs.You can click on the location below to see who will be assisting you at that location.
BERESFORD BRANCH
P.O. Box 791
101 S. 3rd St.
Beresford, SD 57004
605-763-2135
Toll Free: 877-232-3685
ELK POINT BRANCH
P.O. Box 220
117 West Main
Elk Point, SD 57025
605-356-0289
Toll Free: 877-232-4672
YANKTON BRANCH
1101 Broadway
Suite 102
Yankton, SD 57078
605-665-8000
Toll Free: 877-232-5012
Our History
Bank 360 has been in business for over 50 years starting from a small Savings and Loan to having over $40 million in assets. Here is a brief history on how the bank grew and evolved into Banking…Full Circle.
April 1954 - Carll Lauxmann, C.O. Peterson, Virgil Carlson, Ludwig Johnson, Ole Stene, Jr. and A. R. Olson formed an association with the goal of starting a Savings and Loan
July 14th, 1955 - First Federal Savings and Loans officially established in Beresford, SD with $163,843 in starting assets
June 30th, 1956 - First Federal assets soar over 330% to $541,000
1967 - First Federal seeks to expand. Identifies need to move financial records from manual accounting system to a computer processing system before expansion.
March 1974 - Entire operation converted to computer services
1975 - First Federal Savings and Loan Association of Beresford opens a branch in Yankton, SD
March 1977 - Beresford office expands
1978 - First Federal opens another branch in Mitchell, SD
Spring 1980-New facility for Mitchell Branch opens new 2,000 square foot facility to new innovations like drive-up teller and off-street parking
Spring 1981 - New branch opens in Wagner, SD bringing the community its first Savings and Loan
October 1981 - New branch opens in downtown Parkston, SD
December 1981 - New branch opens in Brookings, SD
1990s - First Federal reorganizes its operation selling four of its branches to strengthen its core offices in Beresford and Yankton
1998 - President Jay A. Frink appointed
February 2001 - First Federal opens branch in Elk Point, SD
March 2001 - First Federal launches its first website
2001-2002 - Branch opens in Truck Towne Plaza and ATMs added to Yankton, Elk Point, Beresford offices as well as Truck Towne and Fiesta Food to improve convenience
2005 - First Federal Bank of Beresford has over $40 million in assets
2008 - First Federal Bank changes name to Bank 360 and remains the only mutual savings bank in South Dakota
2010 - President Mark Southwick appointed