Announcements
ICBSD Board Members Hold Lunch with Senator Rounds
On Wednesday, January 6th, members of the ICBSD Board of Directors and South Dakota members of the ICBA National Committee held a private lunch meeting with Senator Mike Rounds, his Chief of Staff, Rob Skjonsberg, and his East River Director, Mark Johnston.
Topics of discussion included the CFPB and our goal of the regulatory agency moving to a commission as opposed to one director. We also spoke extensively on the issue that CECL (Current Expected Credit Loss) will create for community banks.
The Senator encouraged the ICBSD to keep up the regular communications we are having with his office and committed to holding a quarterly conference call with the ICBSD Board of Directors to stay ahead of issues facing community banks in South Dakota.
We thanked the Senator for his work on the Senate Banking Committee and encouraged him to continue to invite South Dakota Community Bankers to testify as needed.
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ICBSD Board Member Hugh Bartels Announces Candidacy for District 5 House Seat
Long-time Watertown resident and banker, Hugh Bartels, has announced his candidacy for the District 5 State House of Representatives as a Republican.
Bartels, who has been President of Reliabank in Watertown for the past 19 years, is a native of Pierre and received his bachelor's degree in business from Dakota State University, and his Masters of Business Administration from the University of South Dakota. Hugh's wife, Shelley, is a life-long resident of Watertown. They are the parents of three grown children and members of the Lutheran Church of Our Redeemer, where he is treasurer of the church council.
The 62 year-old Bartels has been a banker in Watertown for the past 34 years and was previously employed as the Deputy Director of Securities and Banking for the State of South Dakota.
Bartels has previously served nine years on the Watertown School Board, part of that time as President. He also was Chairman of the South Dakota State Investment Council, which oversees the state retirement system fund and other State funds. Bartels has also been Chairman of the Watertown Area Chamber of Commerce.
He has also been very involved in the Arrow Education Foundation, BISCO, Watertown Kiwanis, Elks, and Quarterbacks Clubs and numerous banking associations.
In announcing his candidacy, Bartels stated "I've always been very interested in state government and have stayed involved in the background for many years. Now that we have one of our local representatives termed out, I feel that I have the knowledge and experience to step forward and do a good job for Watertown area residents."
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2016 Legislative Session Notes
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South Dakota Governor Dennis Daugaard delivered his State of the State Address on Tuesday the 12th. Watch video here on the SDPB website - 1/12/2016 State of the State Video.
Banking Related Bills (View more information provided by the SD LRC by following the links provided)
We are monitoring the above listed bills and 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.
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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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Yankton's Ness Among Officers Elected To S.D. Parks & Wildlife Foundation
PIERRE -- The South Dakota Parks and Wildlife Foundation (PWF) recently announced the election of officers for its board of directors for 2016. Larry Ness of Yankton will serve as president, Sarah Larson of Sioux Falls will serve as vice president, and Tom Lillibridge of Bonesteel will serve as secretary/treasurer.
Read the full article on the Yankton Press & Dakotan Website
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Associate Member News and Events
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CliftonLarsonAllen -
Bank Perspectives
Changes are coming to banks that invest or hold equity investments.
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Secure Banking Solutions - Free Hacker Hour:
Internal Penetration Testing - What is it good for?
Wed, Jan 20, 2016 2:00 PM - 3:00 PM
Internal penetration testing is not a new concept in the banking industry, however it seems to be gaining in popularity and leading people to ask more questions.
Do we perform a vulnerability assessment or a penetration test? Do we do both? If we do an internal penetration test, how do we know we are getting a quality test?
Join SBS for this 45 minute discussion on internal penetration testing. We will walk through a step-by-step process of what a good internal penetration test looks like and uncover some tips on what to ask your vendors to make sure you are getting a quality test.
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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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Send us your news and events!
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| Upcoming Community Bankers Webinar Network Courses |
| SBS Institute Certifications |
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ICBSD/ICBND Cooperative Liquidity Program
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deadline to be included in first liquidity test is
February 1st.
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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.
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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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