Investor Profile: Dacotah Bank
- Total Investment To Date: $1,050,000 Loans
- $91,450 in Sponsorships & Grants
Working together is always better than working alone.
This fact is especially true for rural communities who often need to pool their people and resources together to make things happen. Dacotah Bank was one of the first partners to invest in the Dakota Resources Capital Investment Fund, and that longstanding relationship is a testament to the importance of bringing strong rural advocates together.
“When we take a look at our missions, we certainly align with Dakota Resources,” says Brad Moore, Dacotah Bank Regional President. “When we invest in them, that investment comes right back to us. All of the projects being funded through the Capital Investment Fund have added to the economic well-being of our rural communities.”
Because Brad is also a Dakota Resources board member, he provides a unique perspective when it comes to the importance of investing in the Capital Investment Fund.
“Sitting on the board, I have the advantage of knowing where Dakota Resources has deployed capital. I’ve seen the amazing Faulkton story unfold. I’ve been a part of some of the great things happening in Aberdeen, Webster and Brookings — all places where we have a banking presence,” he explains.
In addition to helping “enrich people and empower communities” in rural South Dakota, there are also practical reasons why Dacotah Bank invests in Dakota Resources.
“Investing in Dakota Resources allows them to invest in local development corporations, which frees up our time and creates efficiencies. At the end of the day, we’re all working together. We get a lot more done than if we tried to do it all ourselves,” he says.