Business Details
50+ Years
experience
Emergency
services
Your Trusted Community Bank in Mitchell, SD
Cortrust Bank is a fourth-generation family-owned community bank with over 90 years of service to South Dakota and Minnesota communities. Since our founding in 1930, we've evolved from a small-town bank into a trusted financial partner offering personalized solutions for individuals, families, and businesses. Our comprehensive services include personal and business banking, mortgage lending, agricultural financing, and wealth management.We distinguish ourselves through localized decision-making, community reinvestment initiatives, and a commitment to maintaining the personal touch that defines community banking. Our employee-ownership model ensures every team member shares in our mission to support local economies through tailored financial solutions.
Services
Personal Banking
Mortgage Loans
Business Loans
Ag Loans
Wealth Management
Credit Cards
Online Banking
Merchant Services
Scholarship Programs
Community Development
Details
- Year established: 1930
Highlights and features
- Fourth-generation family-owned bank with 90+ years of local expertise
- Offers no-fee, no-interest loans for federal employees during government shutdowns
- Employee-owned institution ensuring community-focused decision making
- Specializes in agricultural financing with 90+ years of industry experience
- Provides personalized mortgage solutions with in-house processing capabilities
Associations and certifications
- FDIC
Services
Personal Banking
Our personal banking services offer tailored financial solutions for individual needs. From checking and savings accounts to personal loans and credit cards, we provide localized support with competitive rates. Our digital banking platform enables 24/7 account management while maintaining personal service through local branches.
Mortgage Loans
We specialize in mortgage solutions for first-time buyers and experienced homeowners. Our in-house processing ensures quick approvals for purchase and refinance loans. Special programs include construction loans with promotional rates available through December 31, 2025, and tailored solutions for unique housing needs.
Business Loans
Our business lending services support local entrepreneurs with flexible financing options. We offer competitive rates for working capital, equipment purchases, and expansion projects. Services include business checking accounts, merchant payment solutions, and specialized agricultural financing programs developed over 90 years of industry experience.
Ag Loans
With over nine decades of agricultural lending expertise, we provide customized financing for farmers and ranchers. Our services include land purchases, equipment financing, and operating loans. Local experts understand regional agricultural challenges and opportunities, offering tailored solutions to support farm operations at every stage.
Wealth Management
Our wealth management services help clients preserve and grow assets through personalized strategies. We offer investment guidance, retirement planning, and insurance solutions. The service integrates with other banking products to provide comprehensive financial management while maintaining strict fiduciary standards.
People
Jack Hopkins
President and CEO
Fourth-generation leader with extensive banking experience, guiding Cortrust Bank's strategic direction while maintaining family values of community service and financial stewardship.
Todd Hopkins
Mortgage President
Mortgage division leader combining decades of industry knowledge with innovative approaches to home financing solutions for first-time and experienced homeowners.
McKinzie Hopkins
Senior Vice President
Key leader in maintaining family business legacy while driving community development initiatives and employee ownership programs that strengthen local economies.
Questions
What special programs are available during government shutdowns?
We offer no-fee, no-interest loans to federal government employees facing financial hardships during government shutdowns through our local branch network.
Do you offer construction loans for new homes?
Yes, we provide specialized construction loans with promotional interest rates available through December 31, 2025, for qualified borrowers.
How does CorTrust support local communities?
We reinvest in communities through employee ownership, local decision-making, scholarship programs, and 60% of small business loans in our service areas.
What digital banking options are available?
Our online banking platform offers 24/7 account access, fund transfers, bill payment, check ordering, and financial management tools for both personal and business accounts.
Do you offer agricultural financing options?
Yes, our Ag Loan specialists provide tailored financing solutions for farmers and ranchers with over 90 years of combined industry experience.
Are business banking services available?
We offer comprehensive business banking including commercial loans, merchant services, wire transfers, and online cash management tools for local businesses.
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