ICBSD Provides Testimony During SBA Regulatory Fairness Hearing
Sioux Falls, SD (March 24th, 2016) Today
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Independent Community Bankers of South Dakota (ICBSD)1 President & CEO, Greg McCurry, testified before the U.S. Small Business Administration National Ombudsman's Regulatory Fairness Hearing.
In testimony submitted to the National Ombudsman
, McCurry said, "
Community banks are exceptional small business lenders. While community banks comprise just 20 percent of the banking industry's assets, they provide 55 percent of the industry's small-business loans. The viability of community banks is directly linked to the success of small business."
"I cannot stress enough that community banks are small businesses, small businesses that specialize in relationship lending within
the
 communities they serve. When community bank customers succeed and prosper, community banks succeed and communities thrive," McCurry said.
McCurry went on to share items that, if reformed, will allow community banks to better focus on small business customers' success and prosperity and the prosperity of the communities they serve.
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CELEBRATE COMMUNITY BANKING MONTH 2016! 
April is Community Banking Month, and we are excited to celebrate the nation's more than 6,000 community banks, hundreds of thousands of community bankers and the vital role they have in strengthening local communities.
Community bankers, state and regional partners, along with consumers, entrepreneurs, farmers and thought leaders can participate in the festivities by showing support for community banks across the nation.
Check out a list of ways to participate and get involved. Share your celebrations on social media with the Official Hashtag: #BankLocally.
This is your month, share your story and reach out to your communities.
- Customize a news release and send it to your local media to share the positive story of community banks, while telling your bank's unique story.
- Send an op-ed to local media to educate your community about the importance of banking locally and how your bank is unique in serving the needs of your community.
- Share ICBA's "Community Banks Across America" infographic on your website and on your social media channels.
- Take time to tweet and share on your social media channels: here are some ideas to get started.
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More Than 15% of SSBCI Funding Available for South Dakota Small Businesses
South Dakota has more than 15 percent of its $13.2 million in State Small Business Credit Initiative (SSBCI) funds available as of December 31, 2015 to help support small businesses, according to the U.S. Treasury Department's
quarterly SSBCI report.
Nationally, the SSBCI program has disbursed more than $1.3 billion of the total SSBCI allocation to participating states since the program's inception. Recycled SSBCI funds also continue to steadily increase, with 27 states reporting recycling more than $145 million into new SSBCI-supported loans or investments. State programs leverage SSBCI funds to generate private lending and investment for small businesses and manufacturers that are growing, but lack access to capital.
The report summarizes the 2015 fourth-quarter results from the 47 states, five territories, the District of Columbia, and municipalities in three states that received federal SSBCI funds. SSBCI is expected to help spur up to $15 billion in additional private sector lending and investing.
Access the state-by-state quarterly results here. To get involved with the SSBCI program, visi
www.treasury.gov/ssbci.
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ICBSD members can take advantage of the following price breaks!
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| Exclusive Offers |
Coupon Code |
| Save 35% off OptiPlex/Latitude |
SAVE35% |
| Save an extra 10% off select XPS & Inspiron PCs |
SAVE10%PC |
| Save 40% off select PowerEdge Servers $1,299 & up |
SAVE40%SERVERS |
| Save 40% off Dell Precision Workstations |
SAVE40%WKS |
| Save an extra 5% off select Dell electronics & accessories |
STACK5% |
More Information: Place your order through the ICBA/Dell page to receive these discounts!
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The
First National Bank
in Sioux Falls has hired
three staff members:
* Phil DeGroot as an ag banker at the downtown office. He has more than 10 years of experience in the finance industry.
* Tyler Urban as a crop insurance specialist at the downtown office.
* Joe Dylla as the trust representative office account administrator for the wealth management team.
The First National Bank in Sioux Falls has promoted 12 staff members:
* Brian Gilbert and Jeremy Keckler to senior vice president.
* Jeremy Menning to vice president.
* Nick Bentele, Yvette Christion, Luke Garry, Michael Hahn, Grant Olson, Deb Rehorst and Teresa Ulven to assistant vice president.
* Joe Dylla and Angie Woolridge to officer.
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Customer Service Representative/Teller
Sioux Falls, SD - Provide prompt, efficient, and friendly service
to customers, involving receipt and disbursement of cash, and to
recognize customers' needs and make suggestions approp
riate to the Bank's services. Follow the established policies and procedures for this area in accordance with the Bank and the supervisor's direction.
Apply Here!
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Are Your ATMs As Safe As You Think?
Increased skimming attacks, evolving malware, what's next? It seems your ATM channel is facing threats from every direction
. Fraud at the ATM is on the rise, and the losses associated with it
continue to escalate. The U.S. Secret Service estimates that annual losses from ATM skimming total nearly $1 billion each year. That's a whopping $350,000 daily from skimming alone! Additionally, ATM malware has increased on a global scale, allowing fraudsters to steal hundreds of thousands of dollars, in a matter of minutes. When it comes to ensuring security at the ATM, Financial Institutions need to familiarize themselves with current threats in the market, and implement forward-thinking strategies to prevent compromises. Are you doing everything you can to eliminate fraud at your ATMs?
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Congress authorized the CFPB with the passage of Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Under Dodd-Frank, the CFPB is headed by a single director, appointed by the president, with the advice and consent of the Senate and removable by the presi
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Douglas J. Hajek |
dent only for cause. It is funded by the Federal Reserve without congressional appropriation or review. CFPB's director, Richard Cordray, took office under a recess appointment.
Two cases in D.C. Circuit Court of Appeals will eventually have a lot to say about CFPB's future.
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The March 2016 Banking in the Ninth newsletter is available now.
This issue features the following articles:
- Improved Risk Focusing: A Federal Reserve Effort to Reduce Supervisory Burden by Ron Feldman,
- The District's Increasing BSA/AML Risk Environment by Shelley Vangen,
- Managing Change Effectively by Alison Burns,
- And Regulatory Report Data in Banking Supervision.
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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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| Community Bankers Webinar Network Courses |
| SBS Institute Certifications |
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Barney Bites Bernie (And Neel)
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Now that hell has frozen over, I find that all kinds of amazing things are occurring, one of which has created the danger of ripping a huge hole in the space-time continuum: I find myself in agreement with Barney Frank.
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The Dollar may Give the Fed a Green Light on
Rates: Analyst
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The Federal Reserve could raise interest rates in June if the dollar doesn't spike in expectation of such a move, Fidelity Investment's Jurrien Timmer said.
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Two Ways to Get Real Change
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Ah yes, conference season...that glorious time when executives and board members come back with a honey-do list of big new ideas.
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Mastery--the Key to People-Centered Leadership
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Community bank leaders face many of the same challenges as leaders in many other sectors. There are some areas, however, that while not unique, take on a greater scale of importance in your highly people-centric business.
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The Future of Digital Identity Is Up to Banks
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It's been more than 20 years since the first e-commerce site appeared, yet today we still use the same username, password, and security question combinations to log in online.
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Personalization in Banking: From Novelty to Necessity
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Consumers want their financial institution to understand their needs and deliver personalized offers. Most financial institutions are unable to deliver on this 'personalization promise.'
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How Much Does it Cost to Produce Currency and Coin?
Each year, the Federal Reserve Board projects the likely demand for new currency and places an order with the Department of the Treasury's Bureau of Engraving and Printing. The 2016 currency budget is $737.4 million. Learn more here.
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Register Now for the Washington Policy Conference
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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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