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stariron

Posted in: PFBA, Success Stories

January 6, 2022

If you want to know what other CEOs will be doing in the years ahead, look at what Craig Larson is doing now. “He’s such a futuristic person; he thinks way ahead of the game, …

Family bank takes progressive approach to succession, governance Read More »

 

PFB2019_DAY_1-0071

Posted in: PFBA

December 29, 2021

Is the time right to work on your transition and your next generation of ownership? Over the holidays, many families find themselves talking about the future. “When I retire.” “When you take over.” “You can …

Is the time right to work on your transition and your next generation of ownership? Read More »

 

PFBA fnb

Posted in: PFBA, Q&A

December 27, 2021

A bank doesn’t reach 136 years old without learning to evolve, transition and plan for the future. So it’s probably not surprising that the Baker family of The First National Bank in Sioux Falls became …

Looking back and ahead, The First National Bank embraces next generation and family business best practices Read More »

 

PFBA4a

Posted in: PFBA, Q&A

December 16, 2021

They’ve been there, done that, and now are sharing their experiences. Three family businesses will share strategies and pitfalls around succession planning at an upcoming webinar through the Prairie Family Business Association. It will be …

3 family businesses to offer inside look at succession planning do’s and don’ts Read More »

 

austad's

Posted in: PFBA, Success Stories

November 22, 2021

The way Dave and Ryan Austad see it, the game of golf has stuck. “In 2020, everyone golfed because it was safe. After a dicey March, April and May, the sport just saw an explosion,” …

As golf experiences unprecedented demand, third-generation Austad’s evolves with new offerings Read More »

 

Todd-Hopkins-Beverly-Pins-Ashley-Kayser-Justin-Pins-Jud-Pins-Jack-Hopkins

Posted in: Awards, PFBA

November 16, 2021

Sioux Falls, South Dakota – November 16, 2021. Prairie Family Business Association, an outreach center of the Beacom School of Business at the University of South Dakota, presented the Boyd Hopkins Sr. Excellence in Family …

Pins Family of Creative Surfaces Receives Boyd Hopkins Sr. Excellence in Family Business Award Read More »

 

EventPhotoFull_PFBA-Nov21WebinarGraphics_200721-023656

Posted in: PFBA, Q&A

November 11, 2021

This year has brought changes in tax laws, which are resulting in higher taxes in many instances. Estate planning and business succession attorney Andrew J. Knutson of Thompson Law and Adam Sweet, who leads Eide …

Plan now for tax time, 2022 Read More »

 

edney

Posted in: PFBA, Success Stories

October 27, 2021

At an age when most people would be retiring, W. Fredrick and Ferne Edney became business owners. It was 1951, and Fredrick had spent a career bringing wind power to rural homes that previously didn’t …

Family business that embraces employee ownership transitions to fourth-generation leadership Read More »

 

Nikki-Nelson-Toni-Sandin-Kelly-McComb-Peggy-and-Mike-Bullinger

Posted in: Awards, Member News

October 26, 2021

Sioux Falls, South Dakota – October 26, 2021. Prairie Family Business Association, an outreach center of the Beacom School of Business at the University of South Dakota, awarded the Edward Shorma Excellence in Family Business …

Bullinger Family of Western Products receives Edward Shorma Excellence in Family Business Award Read More »

 

maguire

Posted in: PFBA, Success Stories

October 19, 2021

*Part three of a series of stories about Prairie Family Business Association founding members in celebration of our 30th anniversary. If you’re going to work in the water tower business, it helps to appreciate the …

Entering third generation, family-owned Maguire Iron builds on national reputation for water tower expertise Read More »

 

stern

Posted in: PFBA, Success Stories

October 5, 2021

Freeman, South Dakota – population approximately 1,500 – isn’t the sort of place you might expect to discover a growing oil company. “There were other people that said the same thing,” laughed Scott Stern, who …

Family-owned oil company looks to next generation – as father and daughter go back to school Read More »

 

PFB-Conf-187

Posted in: PFBA

September 30, 2021

More than half of U.S. gross domestic product and domestic employment is generated by family firms, according to Family Enterprise USA. Nearly eight in 10 new jobs come from family-owned businesses. More than one-third of …

30 years and counting: Prairie Family Business Association helps family businesses evolve for future success Read More »

 

bankstar

Posted in: PFBA, Success Stories

August 31, 2021

The first one in the door every morning at BankStar’s Elkton branch is 96-year-old Jack Hegerfeld. “He comes in about 6:30 a.m., opens up the door and prepares the bank for the day,” said Jack’s …

Generations of entrepreneurs celebrate 95 years in family banking Read More »

 

nelsons

Posted in: PFBA, Q&A

August 30, 2021

*Part two of a series of stories about Prairie Family Business Association founding members in celebration of our 30th anniversary. Nelson & Nelson CPAS knows something about longevity. As the state’s oldest homegrown accounting firm, …

Three generations look inside South Dakota’s oldest homegrown accounting firm Read More »

 

stephanie larscheid

Posted in: PFBA

August 12, 2021

Sioux Falls, South Dakota – August 12, 2021. Prairie Family Business Association’s Executive Director, Stephanie Larscheid, has been selected as one of the 4 under 40 award recipients. The Young Professionals Network of the Greater …

Prairie Family Business Association Executive Director Stephanie Larscheid One of Four to Win the Young Professionals Network 4 Under 40 Awards Read More »