Save the Date for Webinars Covering
DOL's New Overtime Pay/
Exempt Employee Rules
This is the topic every financial institution is talking about!
Virtually every community bank will be impacted.
The Department of Labor's Wage and Hour Division published the final rule revising regulations under the Fair Labor Standards Act. This implements the exemption from minimum wage and overtime pay for executive, administrative, professional, outside sales, and IT employees. The new rules become effective December 1, 2016.
We're excited to announce the addition of the two webinars listed below. These trainings will address the effect of these new rules and help you in planning, budgeting, and determining the available alternatives for employees who will no longer qualify as exempt from overtime pay. The webinars will be presented by attorney and CPA, Elizabeth Fast, one of our most popular - and exclusive - speakers!
Will you be in compliance by the December 1 deadline?
Save These Dates!
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The ICBSD is excited to have Jack Hartings, Past President of ICBA,
joining us this year.
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Lodge Rooms and Limited Cabins are still available for the 2016 Retreat!
If you have not attended in the past, this is your chance to enjoy the Sylvan Lake Lodge, Custer State Park's "crown jewel."
Visit our website for event registration information
http://www.icbsd.com/2016-retreat.html
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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. |
Patch Management for PCI-DSS Compliance
Summer is here! Unlike the school year, PCI-DSS Compliance is an ongoing regulatory concern that does not get put on pause during the summer months. As you prepare for summer auditors, make sure you keep PCI-DSS Compliance top of mind!
WHAT IS PCI-DSS COMPLIANCE?
PCI (Payment Card Industry) - DSS (Data Security Standard) Compliance is all about enhancing payment card security and ensuring the safe handling of cardholder information. The framework for PCI-DSS involves prevention, detection and appropriate reaction to any security related incidents involving payment cards. In short, PCI-DSS Compliance is a set of standards used to keep payment card data protected from exploits.
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The Board of Directors of the Citizens State Bank is pleased to announce that Wayne Fischer has been elected to the office of President and member of the Board of Directors. Fischer succeeds Bob Rutten who is retiring after 18 years of service to the bank. Wayne has served as the bank's Senior Vice President for the past two and a half years. He is a nearly 40 year banking veteran having worked for several community banks in eastern South Dakota over his professional career.
In his new position, Fischer will manage the daily activities of the bank as well as provide future direction for the organization. Fischer is a graduate of Parkston High School. He holds a Bachelor's degree in Agricultural Business from Colorado State University, a Master's of
Business Administration degree from the University of South Dakota and is a graduate of the Midwest Banking Institute, Morris, MN. He is also involved with Brookings based RTI, LLC, a veterinary contract research organization. The Citizens State Bank is a $100 million organization with locations in Arlington, Sinai and Castlewood.
It was chartered in 1901.
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Midwest Bankers Day
An Event for Community Bankers
July 27, 2016
presented by
Nebraska Independent Community Bankers and ICBA Securities are co-sponsoring a day-long conference exclusively for Midwest community banks in July. NICB and ICBA Securities, the endorsed broker/dealer of NICB, and others will make presentations at the Iron Horse Golf Club in Ashland, NE on Wednesday, July 27.
With interest rates still compressed by a variety of domestic and global issues, community banks are increasingly turning their attention to non-traditional sources of earnings. These include secondary loan programs, liquidity strategies, and other fee-producing opportunities. The presentations at the Midwest Bankers Day will cover a variety of these topics, and attendees will learn some actionable platforms to use at their community banks.
After the presentations join us for lunch and a round of golf at beautiful Iron Horse Golf Club.
Date:
July 27, 2016
Location:
Iron Horse Golf Club
900 Clubhouse Dr.
Ashland, NE 68003
(402) 944-9800
www.golfironhorse.com
Cost: Registration is free for all ICBA Securities customers and prospective customers
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FLSA Changes: What You Need to Know
On May 18, the Department of Labor (DOL) issued new regulations addressing the salary threshold for executive, administrative and professional exemptions affecting the overtime provisions of the Fair Labor Standards Act (FLSA). This updated federal ruling is one of the more complex labor and employment laws impacting organizations today. The session will provide insight into the regulatory changes and how it impacts your organization. You'll also receive best practices to help your organization mitigate risk and plan for the potential impact of new legislation on your financials and budget.
At the end of this session, you will be able to:
- Recognize FLSA requirements for compliance
- Explain the FLSA overtime and salary threshold change
- Summarize the "duties" test for the white collar exemption categories
- Outline considerations and strategies for adjusting to the regulatory changes
- Kimberly Orsolits, Human Resources Business Consultant, SPHR, SHRM-SCP
- J.D. Dietzen, BizOps Chief Financial Officer
Schedule:
Wednesday, June 22nd
2:00 - 3:00 p.m. - Webinar
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Another Great Deal from
ICB Purchasing Exchange
Order 2017 calendars by June 20th to
take advantage of early-bird prices!
To order your calendars through
ICB Purchasing Exchange, contact Lacey or Jess today!
Call 701-258-8748.
Be ready to be amazed by the discounted pricing!
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Save the Date: 30th Annual Community Bankers Golf Outing
Monday, August 29
8 a.m. - 7 p.m.
Rush Creek Golf Club
Maple Grove, Minnesota
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Trust Officer
Our client, Pioneer Bank & Trust located in Belle Fourche, SD is seeking a highly motivated individual to join its trust team in the position of Trust Officer. The successful applicant will be responsible for performing and overseeing all details of trust account management and administration. Duties include but are not limited to: soliciting new trust and estate business, interpreting will and trust agreements, resolving client issues, and working collaboratively with clients and client agents.
Qualifications include a bachelor's degree in business, finance, legal or other related field with 3 plus years of equivalent work experience. The individual must demonstrate excellent customer service and communication skills along with the ability to relay complex information. A sales minded mentality with a team oriented attitude are essential to this position. Legal background or trust administration experience is a plus.
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
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| SBS Institute Certifications |
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The Days of Huge Fed Rate Hikes Are Over
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Despite the disappointing jobs numbers reported Friday, Federal Reserve Board Chair Janet Yellen made clear in comments last week that a rate hike is coming.
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From Customer Friendly to Customer Intimate
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In any company, rigorous strategic planning is bound to cause discomfort as old assumptions and long-held mindsets are challenged and re-examined.
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The Key Challenges Posed by Card Skimming
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Skimming is still the most common form of an ATM attack, but it's not just limited to the ATM.
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Starting Over with a Mobile-First System at Your Bank
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Mobile banking today is more than just another channel, it has become the remote control for all banking interactions.
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5 Critical Digital Marketing Issues Facing Financial
Execs in 2016
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There are a handful of issues that should be on the top of every financial marketers' mind this year: Mobile advertising, personalization, martech, personalization, and marketing ROI.
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Four Best Practices to Help Bank Boards Manage New Cybersecurity Guidance
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Updates to the FFIEC Management portion of the IT Examination Handbook in late 2015 have placed your board of directors under more pressure than ever to ensure the health and stability of your institution's overall IT and cybersecurity environment.
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ICBA Member ID: 141351622
More Information: Place your order through the ICBA/Dell page to receive these discounts!
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Eugene R. Black
As Chairman of the Federal Reserve Board during the Great Depression, Eugene Black supported policies to help restore confidence in the banking system. Learn more here.
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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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