Chartered in 1905 by Lowell S. Lillibridge and P.M. Fulton (a druggist by trade), First Fidelity Bank began as the Burke State Bank in Burke, South Dakota. One building served as a drugstore, grocery store and bank. For health reasons, P.M. Fulton moved to Arizona in the mid-20s, and sold his shares to Lowell S. Lillibridge. The present bank office (and current bank headquarters) was constructed in 1922. Lowell S. Lillibridge died September 23, 1930. His son, L.L. (Lowell Louis) Lillibridge, then 20, returned from the University of Chicago to assume management of the Burke State Bank.