E-NEWS
June 15, 2016
The July issue of "IRS News for Business" is available

Highlights:
  • The SHOP FTE Calculator helps you know if your mix of full-time and part-time employees equals less than 50 full-time equivalent employees (FTEs). 
American Bank & Trust Holds Ribbon Cutting in Sioux Falls

The ICBSD congratulates American Bank & Trust on the grand opening and ribbon cutting of the bank's newest branch location in Sioux Falls on June 8th.  


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.   
2016 Retreat Keynote Speaker, Joe Malarkey
Sponsored by United Bankers Bank

Joe Malarkey's "Exits on the Road to Success" is an energy-packed, fast-paced, laugh-out-loud program that takes a chainsaw to the tried and proven motivational classics. 

Through his unique philosophy, Joe will forever change your view on the relationship between success and failure.

Joe has been featured on television shows ranging from 60 Minutes to To Tell the Truth, and has been profiled in several national magazines.  And, he is an inductee in the Speaker Hall of Fame.
to view a short video of Joe Malarkey
Limited Lodge Rooms and 1 Cabin 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."

V isit  http://custerresorts.com/lodges-and-cabins/sylvan-lake-lodge/  to view accommodations and more information about the lodge.

Visit our website for event registration information   http://www.icbsd.com/2016-retreat.html .

SBA ONE OVERVIEW


Please join guest presenter, Genevieve Sansom, BNY Mellon Corporate Trust Relationship Manager, as she provides an overview of SBA One, SBA's new streamlined online lending platform. Genevieve will guide webinar participants through the features of SBA One including how to get started, My Workspace, Loan Origination Solution and RAPID, Document Management and E-Signature, and will also highlight upcoming enhancements. This is an opportunity for participants to hear directly from a representative of the SBA One development team, as well as ask her questions. 

Effective July 31, 2016, SBAOne will be required for delegated authority lenders (Preferred Lenders Program (PLP)) on their loan application submissions to the Loan Guaranty Processing Center. 

June 23, 2016 (Thursday) - 10:00 a.m. Central; 9:00 a.m. Mountain

Please pre-register  for this webinar by sending an email to
 
Login Information:
 
  • Website: https://www.connectmeeting.att.com. On the website enter 888-844-9904 as the meeting number and 2774945 as the code. Telephone: (888) 844-9904 with access code 2774945.
Alternative Link if needed.
Login Information:
 
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 
Speakers:
  • Kimberly Orsolits, Human Resources Business Consultant, SPHR, SHRM-SCP
  • J.D. Dietzen, BizOps Chief Financial Officer 
Fee
Complimentary

Schedule:
Wednesday, June 22nd
2:00 - 3:00 p.m. - Webinar
Please register by June 20, 2016.

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

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 
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

Community Bankers Webinar
Network Courses 
SBS Institute Certifications
June 2016
 
June 20 - CBCM, Certified Banking Cybersecurity Manager

June 20 - CBBCP, Certified Banking Business Continuity Professional

July 2016

July 11 - CBSTP, Certified Banking Security Technology Professional

Small Banks Find Strength in Numbers with
Anti-Fraud Network        
As the song goes, "I get by with a little help from my friends."
That sentiment is truer than ever for banks, particularly when it comes to detecting fraud.
CNBC 
Next Fed Interest Rate Move Could be a Cut            
May's poor U.S. employment report could trigger an interest rate cut, according to one contrarian investor--a move that would upend the Federal Reserve's plans for policy normalization.
What Is GPR Feeding On? Part 2 of 2
In part 1, I shared several studies on the appetite for general-purpose reloadable (GPR) prepaid cards. It turns out there is little public data covering the fraud portion of the industry. I look forward to results from the Federal Reserve's 2016 Payments Study, which added a number of questions related to GPR card fraud.    
Market Watch     
Muddled U.S. Jobs Picture Puts Fed in a Vise    
There's really only one big question on the minds of Federal Reserve VIPs as they huddle this week to assess the U.S. economy: Has the jobs market really deteriorated? 
How Community Banks Can Fund M&A
As bank mergers and acquisitions have increased over the past several years, many banks are considering how to participate as buyers and take advantage of growth opportunities. 
Being 'Just a Bank' is Not Enough     
Powerful trends are transforming the banking industry, creating a consumer-to-business era where players like Google, Apple, Facebook and Amazon are setting the tone for the future. What can today's banks learn from the large tech players?
Quick Links
Sponsor
CBFS





800-757-8442
ICBA Member ID: 141351622

More Information: Place your order through the ICBA/Dell page to receive these discounts!
Banking Fun Fact

William Jennings Bryan

William Jennings Bryan ran for president in 1896, 1900, and 1908. He served as Secretary of State from 1913 to 1915 under President Woodrow Wilson. He was a leading promoter of silver-backed currencies and an ardent opponent of the gold standard. Learn more here
SBS Institute
2016 Series - 6 for the price of 5
What's New?
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.