FDIC Electronic Deposit Insurance Estimator and Tutorial
Copyright 2008 First Fidelity Bank
Chartered in 1905 by Lowell S. Lillibridge and P.M. Fulton (a druggist by trade), First Fidelity Bank began as the Burke State Bank in Burke, South Dakota. One building served as a drugstore, grocery store and bank. For health reasons, P.M. Fulton moved to Arizona in the mid-20s, and sold his shares to Lowell S. Lillibridge. The present bank office (and current bank headquarters) was constructed in 1922.
Lowell S. Lillibridge died September 23, 1930. His son, L.L. (Lowell Louis) Lillibridge, then 20, returned from the University of Chicago to assume management of the Burke State Bank.
In the early 1930's, the Burke State Bank opened a branch in Bonesteel. L.L. Lillibridge and associates purchased the Jones County State Bank (in Murdo) in 1949, and the Citizens Bank of Colome in 1956. In 1972, the names of these three banks were changed to First Fidelity Bank, although they each continued to operate under their own separate charter.
In 1972, First Fidelity Bank of Burke established a new branch in Platte, and in 1984 the bank purchased its Gregory branch from United National Bank. In 1986, the three separate First Fidelity Bank charters (Burke, Murdo and Colome) were merged into one First Fidelity Bank under the original 1905 charter. In 1990, Ranchers National Bank in Winner was acquired, making a total of seven First Fidelity Bank offices in South Dakota.
John L. Lillibridge and Tom L. Lillibridge are the third generation of Lillibridges involved in the bank. John, the eldest son of L.L. Lillibridge, joined the bank in 1962, and five years later Tom, the youngest son, also joined the bank. John was bank president from 1969 until 1982, when Tom became president. Tom served as president until January, 2001, when George Kenzy became president.
George and his wife Laurie (John's eldest child) are the fourth generation to be involved in the bank. John and Tom remain actively involved in the bank's affairs, and both serve as Chairmen of the board of directors.
A strong local identity and continuity of leadership have made the bank an integral part of family and business life in the communities served by First Fidelity Bank. It seems that as big banks just keep getting bigger, they know less and less about the folks they serve. Broad policy decisions are made on a national level. We are proud to be a family-owned community bank. We are strong enough to stand on our own, yet small enough to understand and appreciate the real-life needs of the people we serve.
First Fidelity Bank offers all the benefits of a full-service bank. We know that staying in touch with the needs of our customers remains the key to continuing success. We believe in first class banking on a first name basis.