Growing bank to expand branch

By Rosemary McCoy

To make room for new mortgage and commercial lenders, Quoin Financial Bank is adding onto its Sioux Falls branch.

Sioux Falls “has been good to us,” said Garry Peterka, executive vice president of the Miller-based bank that his family owns. Quoin entered the market here in 2008.

The bank, which also has a location in Highmore, added a mortgage department in April. The loan processing is done in Miller and Highmore.

“We are running out of officers to handle all of the business,” Peterka said.

The Sioux Falls branch has 10 staff members, and Peterka expects to add four mortgage and commercial lenders. Greg Harrell, a senior vice president, is the market manager.

The 1,500-square-foot addition on the north side of the bank at 5700 S. Remington Place will hold six offices.  The project is expected to be completed by February 2018.

The location in south Sioux Falls, which is near 69th Street and Western Avenue,  had room to expand, so that was the best option, Peterka said.

Adding a second branch in the city is “something for the future,” he said.

 

 

Growing bank to expand branch

To make room for new mortgage and commercial lenders, Quoin Financial Bank is adding onto its Sioux Falls branch.

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