E-NEWS
January 6, 2016
Announcements

New Program for 2016 Announced
Announcing ICBSD Member Networks: CEO, Risk Management, Compliance Networks, CFO, Chief Credit Officer, and Leadership Development .   Discussion will be based on hot topics, submitted by members,  YOU want to cover!
Member Networks

In the ever-changing world of banking, a peer group is a great way to keep yourself up-to-date with regulatory changes and to see how your peers are handling challenges and enhancing profitability.  

View more information and register for the Member Networks on our website at www.icbsd.com/networks.  

Board Position Opening in March
Emily Hofer, CFO of the Merchants State Bank, Freeman, SD, was elected to the ICBA Federal Delegate Board. Her term will begin at the ICBA National Convention, which will be held on March 6-10, 2016.  The ICBSD bylaws state that Emily will now become an ex-offico member of the ICBSD Board.  If you are interested in filling out the remainder of 2016 as the replacement for Emily, please contact our Chairman R. Scott Campbell at [email protected].  

Committee Positions Available
Legislative/PAC Committee - Develops policy recommendations on state and federal legislation affecting South Dakota community banks and makes recommendations as to ICBSD PAC contributions to candidates and political parties within South Dakota. In addition, the committee helps facilitate grassroots political activities.

Career Development & Education Committee - Works to advance the efforts of the ICBSD to enhance the professional development of community bankers and build a strong community banking professional community.  Provides recommendations and develops programs and partnerships with education providers to create programming in the areas of bank education, professional development, and leadership training.
Bank Member News
Dacotah Bank Service Anniversaries
  • Gayle Burgess - 35 years
  • Rhonda Sigaty - 30 years
  • Donna Larson - 10 years
Dacotah Bank Service Anniversaries
Associate Member News and Events
CliftonLarsonAllen
The CECL Workshop Series - Webinar
Thursday, January 21 and Thursday, February 18
2 - 3 p.m. EST 

Find out more here - 

The FASB's CECL guidance is expected to be released in Q1 of 2016. Implementation will be required in 2019 or 2020, but it is imperative to start readying a plan now. You know the basics of CECL, now learn actionable ways to prepare your institution. In this two-part webinar series, professionals from Sageworks and CliftonLarsonAllen, will provide the latest information, key insights and examples to help you prepare your institution for compliance. 
Open Position...
United Bankers Bank
Vice President of Lending, South Dakota

United Bankers' Bank (UBB), headquartered in Minnesota, has an opportunity for a motivated VP of Lending. This individual will be based in Sioux Falls. UBB is a successful and growing bankers' bank that supports community banks in the Midwest and Pacific Northwest. Our motto, "First, for Your Success" reflects the importance UBB places on helping customers and employees succeed.

The VP of Lending's objective is to engage in ongoing discussion with client banks in order to obtain the opportunity to assist them with over-line and bank stock loan requests. They will contribute significantly to department and bank objectives of excellent credit quality, excellent customer service and outstanding returns to shareholders.
ICBSD Events
ICBA Events

ICBA National Convention March 6-10, 2016

ICBA Washington Policy Summit- April 24-27, 2016

Upcoming Community Bankers Webinar Network Courses 
SBS Institute Certifications

From the Web
Banking Exchange
Fintech and Banks Shaking Hands
Marketplace lenders enjoyed explosive loan growth in 2015, but instead of cementing the industry as a disruptive threat to banking, the online companies turned toward partnering with retail banks, with more joint ventures expected in 2016.

American Banker
One Way to Fix the Hot Mess that Is Debt Collections
Recent high profile settlements and a New York Times article have drawn fresh attention to problems in the debt collection industry. Many of these could be resolved with the deployment of a trusted national database for consumer debt.

Community Bank Insight
Does your Bank's Brand Need Attention?
Marketers, business development professionals and anyone else interested in the brand of your bank could benefit from this.

BankDirector.com
What To Do To Prepare for a CFPB Examination
The Consumer Financial Protection Bureau's exams are an open book text, but does your organization have the book?

PYMNTS.com
The Six Things That Will Define Payments In 2016
There are lots of things that will influence the actions of the players within the vast and dynamic ecosystem in 2016. But MPD CEO Karen Webster says, there are only six trends that you need to pay attention to.

Bank Innovation
Lending Marketplaces Grow Up (and Get Boring)
Lending marketplaces are about to get boring. From Birth of P2P loans to Maturity via securitization, the recipes and cookware are looking more and more like old-fashioned financial engineering.
Quick Links
Sponsor
CBFS
2015 Salary Survey
EideBailly
The Salary Survey is a compilation of current salaries for common positions within South Dakota's community banks. The survey includes information on salary, bonus or additional compensation, qualified plans and additional benefits.
SBS Institute
2016 Series - 6 for the price of 5
Dell
What's New?
What's happening at your bank? Events? Promotions? New hires? Retirements? Awards? Community projects? Charitable activities?

Contact Summer at [email protected]. If you don't have time to write an article, send a description of what happened, and we'll put it together for you.   
Banking Fun Fact
Each President Gets Bronzed

The U.S. Mint's tradition of producing a medal for each president continues today as the "Presidential Medal" series. Bronze versions of all presidential medals are still available from the Mint.