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ICBSD Guest Lectures at Lake Area Tech
Thursday April 8th, ICBSD President & CEO, Greg D. McCurry, guest lectured in two Lake Area Tech courses, Macro Economics and Financial Statement Analysis.
The Financial Services Program students were provided with an overview of the community banking industry in South Dakota as well as a list of ICBSD member banks before watching the short video "History of Central Banking in the United States", provided by the Federal Reserve.
Greg then led a discussion with the students regarding the origins of the central bank and students discussed positions taken by Alexander Hamilton and Thomas Jefferson during the debate regarding the constitutionality of a central bank in the United States.
All students were asked to fill out an information card, which will be shared with member banks. Our goal is to connect students from Lake Area Tech's Financial Services Program with community banks from the students' home towns.
Watch for more information coming to your bank soon. |
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Bank Insurance Market Changes
Kansas Bankers Surety recently announced that after more than 100 years of insuring banks, it will no longer sell bank insurance products.
If your bank is impacted, consider CBFS, an independent agency owned by ICBM. CBFS specializes in serving community banks and offers financial institution bond, directors and officers liability, cyber insurance, property and casualty insurance, and mortgage products.
Contact Kevin Christians at [email protected] or 612-720-3199 or Kevin Burr at [email protected] or 320-248-5039.
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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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SAVE THE DATE
Mark your calendars for the FDIC Directors' College to be held on May 2, 2017, in Sioux Falls at the Sioux Falls Convention Center.
The College will be sponsored by Independent Community Bankers of South Dakota and the South Dakota Bankers Association.
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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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BankWest is growing 
BankWest is growing. We're looking for people to join our team. If you have a passion for customer service and a sincere interest in helping customers succeed, visit the careers page on our website to learn more about the following positions.
https://www.bankwest-sd.com/careers.htm
eBanker - located in Rapid City or Pierre
Teller - located in Pierre
Credit Analyst - located in Pierre
Financial Services Specialist - located in Pierre
Mortgage Processor - located in Pierre
Platform Processor - located in Pierre
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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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NIST Cybersecurity seminar is a big opportunity
for businesses
Hosted by SDN Communications, South Dakota Telecomuntaions Assocations and Dakota State
Some industries used to shoulder more risk than others as potential victims of cyberattacks. That's no longer the case. Because of the linked nature of commercial enterprises today, nearly all businesses and organizations must be aware of cyber threats and protect themselves.
"There used to be industries that could kind of ignore it. If you look at the attacks now, they're hitting virtually every industry." says John Pauli, who teacher cyber security courses at
Dakota State University.
"We're all interconnected now."
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Complimentary Webinar: Defending Your Institution from Spear Phishing Attacks
As cyber criminals become more and more sophisticated, gone are the days of traditional security protecting your organization from cyber attacks.
This webinar will discuss a three-pronged strategy to defend your financial institution from spear phishing attacks, including malicious emails, pre-text phone calls, or hacked websites with malicious software. It will also provide advice on the appropriate steps to take if you become a victim of phishing.
Thursday, April 21st
2 - 3 PM Central Time
To register, click here by April 20th.
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FDIC - A Framework for Cybersecurity
A Changing Landscape of Regulation
Over the last twelve months, there have been numerous significant changes to financial institution Information Technology regulation. The FFIEC has been particularly busy, releasing topical guidance documents (Destructive Malware, Cyber Attacks Compromising Credentials, Extortion), making wholesale changes to the way it expects IT Operations to be managed via an update to the IT Management Handbook, and - of course - the big ticket item: the FFIEC Cybersecurity Assessment Tool.
Most recently, the FDIC published an article titled "A Framework for Cybersecurity" in the Winter 2015 edition of its quarterly magazine, Supervisory Insights. In this article, the FDIC highlights the fundamental basics for building protections against cyber threats into a financial institution's Information Security Program (ISP) and culture.
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Davenport Evans Banking Seminar
Please join Davenport Evans Lawyers for the 2016 Davenport Evans Banking Seminar, April 22, at the spacious new event center at The Country Club of Sioux Falls.
- Welcome - Charles D. Gullickson, Davenport Evans
- Communication with Customers: How to Stay in Touch and in Compliance - Dixie K. Hieb and Tiffany M. Miller, Davenport Evans
- Preparing for, and Dealing with, the Death of Your Customer - Sarah Richardson Larson and Mark R. Krogstad, Davenport Evans
- Break/Networking
- Trends in Banking from the FDIC - James LaPierre, Regional Director, FDIC
- Setting the Stage for Successful Dispute Resolution - Vince M. Roche, Davenport Evans
- 2016 Legislative Update - Curt Everson, President, South Dakota Bankers Association, and Keith A. Gauer, Davenport Evans
- Lunch and Introduction of Speaker - Douglas J. Hajek, Davenport Evans
- Keynote Address - Joseph M. Santos, Ph.D., Dykhouse Scholar in Money, Banking, and Regulation, and Professor of Economics at South Dakota State University
Friday, April 22, 2016
7:45 a.m. Breakfast and Registration
8:30 a.m. - 1 p.m. Seminar
The Country Club of Sioux Falls
(Formerly Westward Ho Country Club)
3400 West 22nd Street, Sioux Falls
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South Dakota
Golf Classic
Start the morning off with breakfast and a host of educational speakers at Callaway's Event Center, next door to Prairie Green. After the morning sessions, attendees will be treated to lunch and an 18 hole golf scramble. Following the scramble, there will be hors d' oeuvres, refreshments, and prizes awarded back at Callaway's.
The cost to attend this fun and educational outing is only
$35
per person!
View Agenda and Featured Speakers
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| Community Bankers Webinar Network Courses |
Printable 2016 Webinar Schedule
April 13 - ACH Rules Update 2016
April 14 - Your Depositor Has Died: Actions to Take, Mistakes to Avoid
April 19 - New Federal Regulations Targeting Student Accounts, Including Debit & Prepaid Cards: Effective July 1, 2016
April 20 - HR Series: Managing Absenteeism & Leaves of Absence
April 21 - Effective Management of Credit Report Disputes
April 26 - Call Report Series: Examining Bank Assets, Liabilities & Income in Call Report Preparation
April 27 - Examining Complex TRID Issues, Part 1: Application Through Loan Estimate & Revised Loan Estimate
April 28 - Regulator Expectations for Risk Assessment: Policies, Procedures & Steps in Obtaining Board Approval
May 3 - Loan Participation Due Diligence: Practices, Documentation, Servicing & Risks
May 5 - Conducting the Annual Physical Security Review
May 10 - Quarterly Emerging Leader Series: Effective Branch Administration Monitoring
May 11 - Fee Income Strategies 2016: Challenges, Issues & a Look Ahead
May 12 - Regulator Issues for the Credit Analyst
May 13 - Line-by-Line Review of New Bankruptcy Forms, Including Major Changes Effective December 2015 |
| SBS Institute Certifications |
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FDIC: Bring Me Your Tired, Your Poor, Your Huddled
De Novos, Yearning to be Free
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There is ample room for new community banks with sound funding and well-conceived business plans to serve their local markets. It is essential that they have a clear path to approval.
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Yellen Will Regret Slow Pace of Hikes, Top
Forecaster Says
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Federal Reserve Chairwoman Janet Yellen is being too cautious about raising interest rates and will come to regret the slow pace of hikes when the labor market and inflation overheat next year, says Stephen Stanley, Chief Economist for Amherst Pierpont Securities.
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Data Analytics Critical to Success in Banking
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The use of consumer data drives virtually all of the key trends in financial services today. From the partnership between fintech and banking to the search for qualified employees, data is the foundation for growth and long-term success.
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Community Banks and New Account Holders: Getting
that First Date
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If you were a matchmaker looking to connect with the perfect partner, where would you look? There are only two answers: (1.) Anywhere they are, which is (2.) Everywhere. And where's the best place for a bank to meet its next new account holder? Same answer.
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Why Are We So Stupid About Security?
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The continuing success of attackers stealing billions of dollars from organizations is a sad commentary on the state of corporate security practices as well as our collective lack of cybersecurity smarts.
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Is Being Fed Chair Like 'Being God'
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The job of being chair of the U.S. Federal Reserve was once described as being "God on a good day."
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Gold Reserve Act of 1934
In 1934, the Gold Reserve Act transferred ownership of the Fed's gold to the Treasury. The transfer reflected a change in the regulation of the use of gold. 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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