First National Bank South Dakota
{{Notability|1=Companies|date=June 2024}}
{{Infobox company |
| name = First National Bank South Dakota
| logo = First National Bank South Dakota |
| location = Yankton, South Dakota
| founded = {{start date and age|1962|10|05}}
| defunct = {{end date and age|2014|07|28}}
}}
First National Bank South Dakota was a bank headquartered in Yankton, South Dakota. In 2014, its charter was consolidated with that of its affiliate, First National Bank of Omaha.
History
The bank was established 1962 as Valley State Bank. Its name was changed on July 19, 1994.{{Cite web | url=https://banks.data.fdic.gov/bankfind-suite/bankfind/details/18613?activeStatus=0%20OR%201&bankfindLevelThreeView=History&branchOffices=true&name=First%20National%20Bank%20South%20Dakota&pageNumber=1&resultLimit=25 | title=First National Bank South Dakota | publisher=Federal Deposit Insurance Corporation}} The name change triggered a trademark lawsuit, First National Bank, in Sioux Falls v. First National Bank, South Dakota, that is quoted as an example of weakness of the "likelihood of confusion" argument in the trademark disputes: while the Sioux Falls bank prevailed, with courts finding that the South Dakota bank was indeed targeting the competitor's customers, and its ads in the newspaper were misleading, the injunction (prohibition of using the brand within the 10-mile distance from the headquarters of First National Bank in Sioux Falls) was very weak.{{cite journal |last1=Conley |first1=John M. |last2=Hunter |first2=Jayne C. |title=The Curse of History: Good Bank Brands Make Bad Bank Trademarks |journal=North Carolina Banking Institute |date=2007 |volume=11 |issue=1 |url=https://scholarship.law.unc.edu/cgi/viewcontent.cgi?article=1215&context=ncbi|pages=17–18}}
In 1999, it acquired Commercial Trust And Savings Bank of Mitchell, South Dakota, which had 5 branches.{{Cite news | url=https://www.yankton.net/community/article_0f99ed91-8c9d-5563-a9df-d9548efcee43.html | title=First National Seeks Merger With Mitchell Bank | work=Press & Dakotan | date=July 17, 1999}}{{Cite web | url=https://www.occ.gov/topics/charters-and-licensing/interpretations-and-actions/1999/cd99-29.pdf | title=Corporate Decision #99-29 | publisher=Office of the Comptroller of the Currency | date=September 1999}}
In 2014, its charter was consolidated with that of its affiliate, First National Bank of Omaha.{{Cite news | url=https://rapidcityjournal.com/news/community/chadron/first-national-consolidating-charters/article_a257caa2-9357-11e3-bbc6-0019bb2963f4.html | title=First National consolidating charters | work=Rapid City Journal | date=February 11, 2014 | url-access=subscription}}