CorTrust Bank: Third-Generation Community Banker Represented SD on National Level
The Greater Sioux Falls Chamber of Commerce is proud to spotlight our Visionary Members—community benefactors that make the extra investment to help make our region a prosperous place. These members drive innovation, contribute to economic growth and uplift our community, not only shaping their respective industries but also playing a vital role in creating a vibrant, forward-thinking Sioux Falls. By sharing their stories, the Chamber aims to celebrate their achievements, inspire other local businesses and showcase the diverse strengths of our business community.
The nation’s only organization exclusively representing community banks has been led by a local banker from Sioux Falls, SD.
Jack E. Hopkins, President and CEO of CorTrust Bank, was elected Chairman of the Independent Community Bankers of America (ICBA) in March of last year. In this role, he used his small-town sensibility and hands-on work ethic to advocate for the community banking industry.
Raising Expectations Since 1930
The path to serving on the national level has been years in the making. The history of CorTrust Bank dates to 1930, in Artesian, SD. Boyd Hopkins, Sr. purchased controlling interest of the Bank in 1961. At that time, there was just one location. His son Boyd Hopkins, Jr. joined the family business in 1972 and served as President from 1981-2004. During that time, he took the Bank from two locations to 19 and transitioned into his current role as Chairman of the Board of Directors. In 2004, Jack E. Hopkins, Boyd Jr.’s son and the third generation in the family business, took over as President and CEO. Today, the Bank boasts 15 Minnesota branches and 22 South Dakota branches.
Connected with Customers and Communities
What started as a financial institution focused almost solely on helping local farmers, has today grown into a diverse bank with products ranging from wealth management and credit cards to mortgage loans and business banking. As technology and customer needs have evolved, so has CorTrust’s commitment to create efficient and time-saving banking solutions. They offer everything from online banking and mobile banking to remote deposit and card management tools.
Aside from an expansive menu of products and services, CorTrust Bank takes great pride in the wellbeing of the communities they serve. “Our employees have a strong sense of responsibility for the success of our local cities and towns. We believe in the power of community collaboration and fully support CorTrust team members who go above and beyond to make our hometowns great places to live,” said Jack E. Hopkins, President and CEO of CorTrust Bank. With CorTrust being a community bank, they particularly emphasize the importance of reinvesting in the neighborhoods where their depositors live and work, fostering growth for local businesses and communities.
Some ways CorTrust gives back includes:
– CorTrust Cares Jeans Day program, which has raised over $53,000 for various non-profits throughout the Bank’s footprint since its inception in 2023.
– A Season of Giving Campaign that generated $5,000 towards Ronald McDonald House Charities of South Dakota and Ronald McDonald House Charities, Upper Midwest.
– Volunteering for Habitat for Humanity builds, food packaging programs, Rake the Town, and many other causes.
Looking to the Future
After years of service to the ICBA, Hopkins reign as their Chairman came to an end in March 2026. Through advocacy and education, he fought against harmful regulations aimed at the industry and consumers, while amplifying the mission of community banking. However, his work isn’t done yet – he will serve as ICBA Immediate Past Chairman this year.
When looking at the future within the Bank itself, Hopkins mentioned the next generation of leadership. “Currently my daughter, McKinzie Hopkins, works out of our Minnetonka branch as an Executive Vice President with our credit administration team and has been at the Bank for over seven years now. Her understanding of the next generation of bank customers and savvy technology skills has helped steer the Bank in a direction that assures our
success well into the future,” shared Hopkins.
While his Chairman role with the ICBA took him across the country and world, Hopkins’ favorite place is still Sioux Falls. “We live in a wonderful community and I’m fortunate to reside here. I’m blessed to be able to go to lot of amazing places, but I’m always so glad to be home.”