First National Bank invests $2 million with Dakota Resources

YANKTON – First National Bank has provided a $2 million Equity-Equivalent Investment to Dakota Resources, announced Jeff Jones, Market President, First National Bank.
The $2 million investment, which includes the renewal of an existing $700,000 Equity-Equivalent Investment from the bank plus an additional $1.3 million, reflects First National Bank’s commitment to building strong local economies in the South Dakota market. The investment will be used as loan funds to support businesses, affordable housing and other community development projects in the rural South Dakota counties of Yankton, Bon Homme, Beadle, Davison, Sanborn and Hanson through Dakota Resources Capital Investment Fund loans to development organizations serving those markets.

…Read more in this week’s issue of the Sanborn Weekly Journal.

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