First Western Federal Savings Bank is a bank based in Rapid City, South Dakota, established in 1979, with $66 million in total assets across 1 branch. By Trust Grade it ranks 15th of 56 banks we track in South Dakota. Its capital ratio of 16.8% is stronger than 79% of similarly sized banks, versus a South Dakota median of 10.4%. It was profitable over the most recent period, with a 2.16% return on assets. No consumer complaints against First Western Federal Savings Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How First Western Federal Savings Bank compares to South Dakota peers
How we graded First Western Federal Savings Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (16.8% capital ratio)
- Strongly profitable (ROA 2.16%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First Western Federal Savings Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (1)
- 402 Main St, Rapid City, SD 57701
Are deposits at First Western Federal Savings Bank insured?
Yes. First Western Federal Savings Bank is an FDIC-insured bank (FDIC certificate #31972). Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
First Western Federal Savings Bank: frequently asked questions
Is First Western Federal Savings Bank a good bank?
First Western Federal Savings Bank earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (16.8% capital ratio); Strongly profitable (ROA 2.16%).
Is First Western Federal Savings Bank FDIC-insured?
Yes. First Western Federal Savings Bank is a FDIC-insured bank (FDIC certificate #31972). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is First Western Federal Savings Bank?
First Western Federal Savings Bank holds $66 million in total assets, ranking 15th of 56 banks we track in South Dakota. It operates 1 branch.
Does First Western Federal Savings Bank have CFPB complaints?
No CFPB complaints against First Western Federal Savings Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
