Skip to Content

Leaving pioneerbankandtrust.com

You are now leaving the Pioneer Bank & Trust website. This site may have a privacy policy and security different than Pioneer Bank & Trust.

Continue
Paycheck Protection Program Loan Forgiveness Applications

Covid 19 Response

“All of us together will persevere.” – Dylan Clarkson, President & CEO

March 20, 2020

COVID 19 the Coronavirus and Pioneer Bank & Trust

To Our Customers & Friends of Pioneer Bank & Trust,

The COVID 19 virus is making history in South Dakota, the United States and the World. Less than a month ago I don’t believe any US citizen could have expected that Universities, Schools, Professional sporting events and more would be shut down. This will clearly be a historic time in US and World history and it will also be a time that the resiliency of all of us is tested. I am very confident that history will also record this as one the most historic humanitarian events in the history of the United States, it will be a time where all of us have gone to great lengths to help one another by doing the “right thing”; America is stepping up to this unanticipated challenge.

As we are all learning together the one certainty of the Coronavirus is that the effect on the United States Economy will be significant. Many, if not all industries will be impacted in one capacity or another. The Banking system in the United States will play a pivotal role in the adaption to a COVID 19 affected economy. Pioneer Bank & Trust, as a 107-year-old family owned community Bank has taken an active role in supporting our employees, customers and the communities we serve. Today, we remain committed to providing the best service as circumstances allow to our customers.

It is important to understand the underlying financial strength of Pioneer Bank & Trust and to be assured that we deliver on our promise of being local in good times, hard times and these unprecedented times. As a Bank, we are stewards of your money and we take that obligation extremely seriously. We existed before this event, during this event and we will be here after this event. We have always maintained strong capital or equity in the Bank. We maintain high capital levels that are well in excess of regulatory requirements, we service no debt at either the Bank or holding company level. Our financial health is currently and has historically made us one of the soundest community Banks in the country. While no-one could have predicted a pandemic of this scale it is our financial strength that will get us through this challenging time just as it did with other historic events. We have weathered World Wars, pandemics, the Great Depression and Great Recession and other life changing world events in our history and this event will be no different – all of us together will persevere. We understand that we could have adversely affected customers and we will be working with them to adapt to what we are dealing with today – we will work with you. Our employees will be affected greatly by the closures of schools, daycare facilities and just simply the day to day interruption of daily routines. Our employees will not see a penalty in their paychecks if they are directly impacted by Coronavirus related absences. We support many worthy causes in our trade area, with the cancellation of so many events that generate funds to sustain their missions it is likely that our support will be even more critical than it ever has been.

We will continue to update our Social media and website as the situation changes, prior information releases can also be found on our website and social media. I can be reached at 605 717 2265 should you have any questions or concerns that you would like to discuss. Pioneer Bank & Trust is Local.

Best Regards,

Dylan S. Clarkson

President and CEO

Pioneer Bank & Trust

March 16, 2020

COVID 19 the Coronavirus and Pioneer Bank & Trust

To Our Customers & Friends of Pioneer Bank & Trust,

In recent weeks, like you, we have been monitoring the evolution of COVID 19 also known as the Coronavirus not only in the markets we serve but in the World. This Pandemic as I suspect all pandemics are is unique and being taken very seriously by all of us at Pioneer Bank & Trust. Always of paramount concern is the well-being of the citizens in the communities we serve. In our 107-year history we have weathered World Wars, pandemics, the Great Depression and Great Recession and other life changing world events. Today, we remain committed to providing uninterrupted service and dedication to our customers through this event. While COVID 19 is unprecedented in the United States and the World the spread of information both accurate and inaccurate is also unprecedented. Together, this combination creates a truly unique circumstance for all of us that requires minute by minute diligence and fact-based decision making. We will continue to represent facts of COVID 19 and take appropriate action as necessary.

Some of the specific action we are taking include but are not limited to the following:

  • Air Travel for work related purposes will be eliminated for at least the next 8 weeks for employees of Pioneer Bank & Trust
  • Group meetings of 50 or more will be rescheduled
  • Telemedicine for employee health
  • Increased efforts to sanitize our facilities; including our 6 retail locations and Administration Center and Trust Department operations
  • Increased use of video and teleconferencing as possible
  • Monitoring of Centers for Disease Control information and recommended action
  • Social Distancing
  • More frequent and thorough hand washing and sanitizing

Like many dynamic situations common sense and calm will serve all of us well during this challenging time. Our online banking and telephonic banking (800 921 2265} are available to you 24 / 7. We will continue to monitor the events of COVID 19 and post relevant updates on our Facebook page and at Pioneer Bank & Trust.

Best Regards,

Dylan S. Clarkson

President and CEO

Pioneer Bank & Trust

PO Box 729
700 State Street
Belle Fourche SD 57717
Phone (605) 892-2536
PO Box 307
102 Main Street
Buffalo SD 57720
Phone (605) 375-3221
PO Box 9189
2001 W Omaha Street
Rapid City SD 57702
Phone (605) 341-2265
2018 Mt Rushmore Rd
Rapid City SD 57701
Phone (605) 399-1510
PO Box 10
140 E Jackson Blvd
Spearfish SD 57783
Phone (605) 642-2725
2611 LazelleSt
Sturgis SD 57785
Phone (605) 720-2265