First Premier Bank Headquarters Information

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First Premier Bank is based in South Dakota in the city of Sioux Falls. This bank ranks 13th in the list of largest issuers of MasterCard credit cards in the country.

The bank’s main customers are in the subprime market i.e. individuals who don’t qualify regular loans. This has been the bank’s mode of operation since it was founded in 1986 by T. Denny Sanford.

Although the bank, as it currently is, was established in 1986, the roots of the bank go back for more than 100 years. In 1986, a number of small banks that had been around for a long time were purchased by Sanford who then started to sell credit cards to people with poor credit ratings.

Past Lending Practices

First Premier Bank has been accused of questionable lending practices in the past. The New York Attorney General accused the bank of marketing its credit cards deceptively. The case was settled in 2007. As part of the deal, the bank was required to pay $4.5 million.

The bank was also reported to be offering a credit card that only had a $300-dollar limit but came with an interest rate of 79.9% in 2010. This was criticized by Senator Bernie Sanders who termed it as extortion.

In 2011, the bank was still offering a credit card with a similar limit and an interest rate of 49.9%. There are several other examples of First Premier Bank offering their credit cards with extremely high interest rates.

Headquarters

The headquarters of First Premier Bank are located in Sioux Falls, South Dakota.

Available Services

First Premier Bank offers regular retail banking services. These include:

  • Checking accounts: Their Free+ checking is marketed as having no minimum balances and no fees among other features. Account holders are also able to access their accounts for free over the phone or online and also pay bills.
  • Savings accounts: The bank has a variety of savings accounts with their regular savings account requiring an opening balance of $50. The Premier Money Market account allows the account holders to earn variable interest while still being able to access their money.
  • Certificates of Deposit: For those who wish to earn higher interest rates, the bank offers CDs.

The bank also offers several types of loans and credit facilities. These include:

  • Personal loans
  • Student loans
  • Personal lines of credit

Loan applications can be made online. Customers can also access mortgage facilities from the bank.

Apart from the regular retail banking services, First Premier Bank also offers investment solutions. Bank customers can save towards various goals including college and retirement.

For customers who are looking to invest, there are brokerage services available and customers can invest in bonds, mutual funds and stocks.



The bank also offers services that are geared towards small businesses such as real estate loans and business checking. The bank also has MasterCard credit cards for businesses.

For businesses and high net worth individuals there are wealth management services and Trust Administration in addition to regular banking services.

 

 



First Premier Bank Headquarters Address

601 S Minnesota Ave, Sioux Falls, SD 57104, USA

First Premier Bank headquarters address

6 reviews

  1. Anthony Sonnier

    Shitty disrespectful customer service

    Your employees with smartass mouths and shitty service should just do what the customer asks and cancel our card that’s paid off not try to pep talk me into staying or asking will me will a 30 dollar limit keep me if added to available balance. Train your people not to bribe customers to stay also stop raping people with these interest rate maybe your overall score on the business will be doing well.

    Reply
  2. SONI

    this bank employee biggest dumb ass mother fucker workinG HERE NOT TRAIN IS GIVEN VERY FEW PPL ARE GOOD OTHER THEN THAT EMPLOYEE ARE NO IDEA WHT THE F *** TALKING THEY JUST BULLSHIT LOOKING THE PAPER ABOVE THE COMPUTER NOTHING ESE

    Reply
  3. Anonymous

    this bank TOTALLY WHITE PPL BANK TOTALY ROBING BANK HORRIBLE ASSHOLE PPL ARE WORKING .. TOTALLY HIGHSCHOOL DROP OUT WORKING HERE NEVER EVER TAKE CREDIT CARD OR BANK ACCOUNT HERE TOTALY CORRUPTED BANK AS WELL EMPLOYEE TOTALLY UNQUALIFED THEY NO IDEA ABOUT ACCOUTNING SYSTEM

    Reply
  4. Harold Truitt

    A poorly treated disabled american

    Yes my card was cancelled and I have my statements Dec. I owed no balance and didn’t even get my 200 deposit back but in January I all of a sudden get a statement saying I owe a hundred and thirty five dollars after getting a 27 dollar check in the mail instead of my 200 so you send me 27 saying that’s all of my deposit I get back and then tell me I owe a 135..
    This is nothing more then a con to get what you can from the disabled American and during a pandemic how u American are you..
    Premiere bank should be ashamed of there self
    But I’m sure they are not and I’m sure they will treat every American the same I would never refer
    Anyone I know for this credit card and as soon as I get my money back which I will I’ll never have anything else to do with them as well..
    You should be ran out of America as the cowardly u American company you are and I can’t stress enough on how ashamed of yourself you should be..
    Sincerely
    An american

    Reply
  5. Mari ris Ramoz

    Unaccesptable

    I would like to file a complain regarding your Customer service and Manager. They don’t seem to know to answer a certain question and suddenly closes my card…Is that how you train your people…So Disappointed and so disrespectful!!!

    Reply
  6. Anonymous

    You need to train your employees in learning how to talk to customers and to stop demanding money especially when customer paids in full the amount of credit card every month, for a year now. Need to stop the attitude, a simple hello or good morning it’s a good start. I cut up both my master cards & will pay while I no longer need your service. Please train your employees better

    Reply

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