Announcements and News
Visiting Member Banks to Spread the Word About CBFS and Member Programs for 2016
On Tuesday, President & CEO Greg D. McCurry and CBFS Executive V.P. Kevin Burr visited banks in northeast South Dakota.
Greg and Kevin shared information on the recently expanded relationship between ICBSD and CBFS.
CBFS is an independent insurance agency owned by the Independent Community Bankers of Minnesota. Through CBFS's relationships with major insurance companies, members have access to a wide variety of valuable resources.
CBFS was formed in 1997 to serve only community banks and has a strong commitment to be advocates for our ICBSD members and to find the best company, coverage, and pricing that is available.
Members interested in finding out more should visit
www.cbfs.biz.
Greg also shared information on our revamped
ICBND/ICBSD Cooperative Liquidity Program and our newly-launched
If you have question or are interested in joining the Liquidity Program,
please visit this link to download a PDF participation form. The first test of the Liquidity Program will be completed in February.
CFPB Seeks Advisory Council Applications
Currently serving on the CFPB Advisory Council are ICBSD Members Jack Hopkins of CorTrust Bank and Angela Beilke from American Bank & Trust.
Membership on the CBAC is a great way for community bankers to make sure that their concerns are heard by top CFPB officials.
CBAC members serve two-year terms.
If you choose to apply, you will need a recommendation letter from a third-party. ICBA will provide a letter of recommendation if you are interested. We have had great success in the past in placing ICBA members on the CBAC. If you would like to apply, please contact Joe Gormley, ICBA's Assistant Vice President and Regulatory Counsel, at [email protected] as soon as possible to convey your interest.
More information can be found on the CFPB's website.
The CFPB is also seeking applicants for the Consumer Advisory Council.
Complete application packets must be received by the CFPB on or before February 29, 2016 to be given consideration.
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2016 Legislative Session Notes
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This week we have provided an update on the banking-related bills we are monitoring. (View more information provided by the SD LRC by following the links provided)
We will be attending hearings as necessary to make sure the community banking voice is being heard. As your voice for community banks, please do not hesitate to contact us if you have concerns about any of the bills we are monitoring or another bill currently before the legislature.
From the News
Two Bills Modernizing Banking Regulations Advance - Bob Mercer
Read the full article on the Rapid City Journal Website Here
Community Bank Related Bills
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Who are Your Legislators?
You can use this site to find your legislators based on City, County, or District. If you need more detail, you can use the interactive district map to zoom into your street and find your district.
Look up your Legislators Here
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Emily Hofer, Merchants State Bank CFO, Featured in Eide Bailly Possibilities
Newsletter
Possibilities recently sat down with Emily Hofer, CFO of Merchants State Bank, to discuss the state of banking
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Send us your bank news, events and job openings!
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Associate Member News and Events
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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.
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Commercial Loan Officer
Our client, Pioneer Bank & Trust located in Rapid City, SD. is seeking a highly motivated individual to join its lending team in the position of a Commercial Loan Officer. The successful applicant will be responsible for developing, servicing and retaining profitable customer relationships.
Qualifications include a bachelor's degree in accounting, finance or business. The individual must demonstrate strong communication and leadership skills and be committed to participate in and promote community activities. A minimum of 5 years of experience as a commercial lending officer is preferred.
Pioneer Bank & Trust is a locally owned, totally independent community bank that has been serving the banking needs of Western, SD since 1913 and offers a comprehensive compensation and benefits package. Pioneer Bank & Trust is proud to be an affirmative action/equal opportunity employer. EOE AA M/F/Vet/Disability
To apply, please visit -
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Send us your news, events and job openings!
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| Upcoming Community Bankers Webinar Network Courses |
| SBS Institute Certifications |
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Mainstreet Index Lowest Since August 2009: Growing Regulatory Burdens Hurt Bank Outlook
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The Creighton University Rural Mainstreet Index for January fell from December's weak reading, according to the monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy.
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Yes, Virginia, There is a Regulatory Burden on Small Banks
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In 23 years, total assets of financial institutions in the U.S. have nearly quadrupled, yet community banks' share of that total has shrunk from nearly two-thirds to less than one-fifth.
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How Good Are You at Telling Your Bank's Brand Story?
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Skyword surveyed 190 marketers and asked them how effective their marketing team (as well as their executive team, employees, customers, and prospects) is at telling their companies' brand stories.
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Repurposing the Branch
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Yes, it is possible to transform older, inefficient branches into modern, profitable showcases for financial services.
*Note: You can access this article by creating your free account.
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Banks, Vendors Need New Strategy on Bill Pay
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It was not that long ago that bill payment was widely viewed as an optimal way to attract new checking account customers and as the reason why they stayed. What a difference a few years make.
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Is Your Checking Account Too Fat? How to Tell and What to Do About It
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Americans are stuffing their checking accounts with more cash than ever before and that may not be a good thing.
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Mobile Banking Now...and Later
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Let's start an industry conversation about mobile banking. An honest appraisal of where we are versus where we need to be.
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He Couldn't Make Light of His Crime
According to the U.S. Mint, in 1864, James Clarke, an employee of the Denver Mint, stole cash, certificates, and a 10-pound brick of gold. He tried to escape on horseback, but the horse ran away. After getting only a few miles out of Denver, Clarke found his loot too heavy to carry and threw the 10-pound gold brick away. Clarke was later caught and ordered to leave the territory.
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ICBSD/ICBND Cooperative Liquidity Program
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The deadline to be included in first liquidity test is February 1st.
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2016 Series - 6 for the price of 5
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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. |
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February 2016
