Dakota Western Bank originally was chartered in 1910 as Farmers State Bank of Buffalo Springs. In 1922, that charter was moved to Rhame and the name changed to The Bank of Rhame. From a total of fourteen banks operating between Gascoyne and Marmarth, the Bank of Rhame was only one of two that survived. The Bank of Rhame moved the charter to Bowman, was renamed Dakota Western Bank, and opened the new bank building on November 15, 1976.
The bank maintains a paying and receiving station in the Cenex building at Rhame.
As of November 1, 1996, Dakota Western Bank opened a new branch in Scranton, ND, operating out of temporary facilities. The new bank building in Scranton opened to customers on March 17, 1997. An addition, in 2013, doubled the size of the original building.
West River State Bank of Hettinger, ND was purchased on July 13, 2000. The two companies merged effective March 8, 2001. A major renovation of the Hettinger Branch was completed in 2008.
On April 1, 2002, after extensive renovation of the “Bennett Drug Building” in Bowman, the Loan Department moved to the North Branch. The Operations Department remains at the original building, the South Branch, where the interior was completely updated in 2006.
Also, Dakota Western Bank is affiliated with Dakota Western Insurance with offices in Bowman and Scranton
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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