Dakota Prairie Bank is a third-generation, family-owned bank that has survived the obstacles of the past century, including the Great Depression.
On June 25, 1906, Draper State Bank in Draper, South Dakota was founded by George Hayes. After serving four years in the Navy, George’s son, Keith Hayes returned to Draper in 1945 and began working in the bank with his father. George served as President and operated the bank in Draper until his death in 1969, at which time Keith was named President of Draper State Bank.
In 1985, Keith purchased the bank in Presho. Both banks operated under the name Draper State Bank until 1996 when the name changed to Prairie State Bank. Due to trademark issues the name changed to Dakota Prairie Bank in 1997.
In 1999, George’s grandson, Stephen Hayes was named President and CEO of Dakota Prairie Bank. That year, the Hayes family and Chief Financial Officer Leroy Louder began looking at ways to grow the organization and pursue an expansion into Fort Pierre. After 10 years of planning and hard work, they broke ground on the new facility in November 2009. The Fort Pierre branch was completed in May 2010 and opened on June 16, 2010. Fort Pierre now serves as Dakota Prairie Bank’s main office.
In 2019, thanks to the tremendous support of the community and its people, Dakota Prairie Bank opened its doors in White River, S.D. The community had been without a bank for many years, creating obstacles for its citizens and businesses. President and CEO, Stephen Hayes, felt strongly this was a great opportunity to provide needed banking services and expand the bank.
Dakota Prairie Bank and its staff strive to embrace the Hayes’ family legacy of providing simple, honest banking services with integrity to the communities we are a part of. It is with great respect for our history that we look forward to the future and all the possibilities it will bring.
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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NMLS 1795154