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>> due to strict laws, the amount that banks could charge was lower than they were paying to their depositors, with banks unwilling to make loans, south dakota saw an opportunity. in 1980, the state passed legislation that exempted banks from such caps on interest rates. so citi moved in and others followed, transforming this town on the plains. >> opportunities for a young college graduate with a economics or finance degree back in the early '80s were limited. when citi bank game, it was just the beginning of something huge for folks like myself. >> he would know. he runs this town. >> right now this town is rocking. >> that's right, mike is now the mayor of sioux falls, and he's brought his business skills to government. mayor has added to the city's piggybank for the past four