Kara Tesch, Author at The First National Bank in Sioux Falls

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Darren Hefty of Hefty Seed Company joins our board of directors

Darren Hefty has joined The First National Bank in Sioux Falls Board of Directors, effective November 19, 2024. Hefty is the co-owner of Hefty Seed Company, headquartered in Baltic, SD, which operates in 50 locations across 12 states. The company is recognized as the seventh-largest crop production firm and the ninth-largest seed retailer in the United States.

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‘This is the dream home’: Local small business owners share homebuilding plans

Common Cents on the Prairie™

“I know we’re going to have to spend a lot of money, so I don’t want to compromise.” Build, buy, or remodel? With all the chaos of the housing market in recent years, many homebuyers are feeling stuck. Small business owners Dr.

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Roth vs. traditional: Choosing the best retirement account for my situation

First National Wealth Management

Deciding whether a Roth or traditional account is best for you is a very personal experience. Differences in income, retirement expectations, and state tax treatment will all be determining factors in your choice. In a previous blog post, we discussed the difference between Roth and traditional tax-advantaged retirement accounts.

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New federal reporting requirement for beneficial ownership information (BOI)

Updated December 6, 2024: In light of a recent federal court order, reporting companies are not currently required to file beneficial ownership information with FinCEN and are not subject to liability if they fail to do so while the order remains in force. However, reporting companies may continue to voluntarily submit beneficial ownership information reports.

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Join us for the 2025 Hutterite Banking Institute program

As the old saying goes, “the only constant in life is change.” That message is applicable to nearly everyone, but for the purpose of this article, I want to apply it to what we are seeing with Hutterite colonies.

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Selling your business? Here's your guide to a successful transition

So, you’re thinking about selling your business. What is your “why”? Is it to create a financial legacy? To pass along your business to family? To get the most money from the sale or the best outcome for your employees? Are you looking for a clean break or delayed retirement?

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Elections and how they impact your money

Common Cents on the Prairie™

Are markets more volatile in an election year? Does the person or party in the Oval Office have any effect on my returns? With the 2024 election right around the corner, the latest episode of our podcast, Common Cents on the Prairie™, is all about elections and how they impact your money.

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Harvest time: A season of new beginnings

First on the Farm Newsletter

In last year’s fall newsletter, I focused on three themes as we approached harvest season: Abundance Reflection Preparation This year feels a little different going into 2025. As such, we’ll focus on one theme that seems relevant to me personally and to our Ag Banking team and customers.

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Do you practice safe checks? Tips for preventing check fraud

Do you practice safe checks? It should come as easily as airline safety, so buckle up for this one. Despite the fact that check use has declined by 25%, reports of check fraud have soared. Actually, they’ve nearly doubled since 2021.

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