July 6, 2020

[Press Release] CorTrust Bank Named Top Bank in South Dakota Second Year in a Row by Forbes Magazine

Press Release

For the second year in a row, CorTrust Bank has been named Best Bank in South Dakota by Forbes Magazine. CorTrust Bank President and CEO Jack Hopkins said, "This recognition is a testament to our employees and the great work they do every day. Our customers and the communities we serve tell our story best, and we look forward to continuing to raise expectations for years to come."

In the second annual review of Best Banks in each state, Forbes partnered with the market research firm Statista and surveyed nearly 25,000 people in the U.S. about their banking relationships. Consumers were asked 20 questions about their banking partner and banks were rated based on customer recommendations and satisfaction. Respondents were also asked about five key banking areas including trust, terms and conditions, branch services, digital services, and financial advice.

With the challenges businesses have faced during the pandemic, community banks have stepped up to help as many as possible. "Over the last few months of the Small Business Administration's Paycheck Protection Program (PPP), our teams did everything possible to ensure small businesses could continue paying employees and keep their doors open. It comes down to a real understanding of the role small businesses play in our hometowns across South Dakota, and I am incredibly proud of the role our staff played in the PPP process for our customers," said Hopkins.

CorTrust Bank continues to honor their local community banking roots. "When you prioritize understanding your customers' business and financial needs, you become a true partner in their success. CorTrust will continue to leverage that as a priority for those we serve," stated Hopkins.

To learn more, visit Forbes.com to view the complete article.

About CorTrust Bank

Since 1930, CorTrust Bank has served the needs of individuals and businesses throughout 16 South Dakota communities and 15 Minnesota locations with 37 branches. What started as a small operation serving the needs of local farming families in Artesian, SD, has today grown into a fourth-generation family-owned community bank with over $1.3 billion in assets and $147 million in equity and reserves.