Skip to main content Site Map
Report a Water Leak
Group discussing charts
City of Box Elder Airplane logo.

Banking and Investments

Great Western Bank: Rapid City, SD 57701

(A division of First Interstate Bank)

Black Hills Community Bank: Rapid City, SD 57701

(BID #2 revenue only - exclusively for Event Center Construction)

Cash and Investments December 31, 2021. Great Western Bank Sweep 94 percent. Black Hills Community Bank 4 percent. Great western Bank Checking 2 percent.

The City follows the practice of aggregating the cash assets of various funds to maximize cash management efficiency and returns.  Various restrictions on deposits and investments are imposed by statutes.