About Dakota Heritage State Bank

Dakota Heritage State Bank has been serving the financial needs of this community for over 100 years. The bank was organized on May 26, 1904, and was formerly known as Chancellor State Bank.

In 1973, Roger McKellips, a banker and politician from Alcester South Dakota, and Merlyn Sommervold, Roger’s son-in-law, purchased the controlling interest in the bank. Merlyn became the managing officer.

Sommervold began his banking career in 1962, and worked for Northwestern National Bank in Sioux Falls for 12 years before coming to Chancellor. Sommervold was excited about the move and the opportunities with managing his own bank.

In 1975, a new bank building was built on Main Street Chancellor. Growth at the new location took off at a phenomenal rate, as the community in this small town began to feel confident about the new changes taking place.

The name change came in 1984. It was at that time that Chancellor State Bank became Dakota Heritage State Bank. And in 1987, Dakota Heritage State Bank in Chancellor expanded its main office location with its first remodeling project at the bank. New office space was added, and additional staff hired to serve the community’s banking needs.

In 1994, Merlyn Sommervold and his wife purchased 100% of the stock. To carry on the family business, Merlyn’s oldest son, Brent Sommervold came on board in 2000, bringing his 15 years of banking experience. Brent is currently President of Dakota Heritage State Bank.

In 2000, the bank experience more growth, including another remodeling project which added 3 new offices, a drive up teller window, and a full time Independent Insurance Agent.

At Dakota Heritage State Bank, we still believe in personal service, and will continue as we have for the past 100 years, and generations to come.……

A financial Partner you can depend on.

• Bank Lobby Hours: 9:00 a.m. to 4:00 p.m. Monday-Thursday and 9:00 a.m. to 6:00 p.m. Friday
   
• Bank Drive Up Hours: 8:30 a.m. to 4:00 p.m. Monday-Thursday and 8:30 a.m. to 6:00 p.m. Friday (Drive Up is on the West Side of the Bank)
   
• Night Deposit: Located next to the  Drive Up on the West Side of the Building
   
• ATM Machine: The Dakota Heritage State Bank ATM Machine is located in the Ampride across from the bank in Chancellor.
   
• 24 Hour Online Banking: Access your account anytime by logging on to www.dakotaheritage.com

Other Services:

• Safety Deposit Box Rental
• Wire Transfers
• Social Security and Payroll Direct Deposit
• FREE Notary Service
• Savings Bonds
• Hunting & Fishing Licenses