I've walked past the First National Bank Building on Phillips Avenue more times than I can count — that corner where downtown still feels like downtown, not a corporate park — and I only recently learned that Acres Bank has an office tucked inside. Suite 101B. The kind of detail that matters when you're looking for a bank that doesn't feel like every other branch you've been to.
Acres Bank isn't what you expect when you think "bank in Sioux Falls." They specialize in land and rural real estate lending — the kind of financing that matters when you're talking about actual South Dakota land, not just suburban lots off 85th Street. I think about the farmers I know who've mentioned them, the ones buying parcels near Dell Rapids or Hartford, the developers eyeing property along Western Avenue where the city's pushing outward.
The Phillips Avenue location makes sense once you know what they do — close enough to the courthouse, the title companies, the attorneys who handle these deals. This is transactional real estate, the boring-but-essential kind that shapes what Sioux Falls becomes over decades. Someone finances the acre that becomes the strip mall. Someone else finances the section that stays farmland.
I'll be honest — I haven't worked with them personally, so I can't tell you what closing a loan feels like or whether their rate sheets beat the credit unions. What I know is they're not trying to open a drive-through on every corner or sell you a credit card at the teller window.
One Google review with five stars doesn't tell you much, but sometimes a bank's reputation moves through handshakes and attorney referrals, not Yelp. If you need land financing and you're tired of explaining to a Minneapolis underwriter why South Dakota acreage matters, you probably already know about Acres.
— Grace
What I know is they're not trying to open a drive-through on every corner or sell you a credit card at the teller window.