E-NEWS
May 25, 2016
ICBSD Retreat Agenda Announced  View Photos from our 2015 Event
 
Thursday, July 21st  
8:30                    Golf Scramble, Red Rock Golf Course
Noon - 6:00         Retreat Registration
6:00                    Reception
7:00                    Dinner/Golf Prizes
Friday, July 22nd
7:00 - 9:00          Breakfast - Lodge Dining Room
8:00 - 8:45          Welcome/Annual Meeting/Board Election
8:45 - 9:00          Break
9:00 - 9:45          Jack Hartings, ICBA Past Chairman
9:45 - 10:00        Break
10:00 - 10:45      Eric Hansen, CFE Eide Bailly
11:00 - Noon       Patrick Dix, SHAZAM
12:00                  Lunch
6:00                    Reception
7:00                    Dinner
Saturday, July 23rd  
7:00 - 9:00          Breakfast - Lodge Dining Room        
8:30 - 9:30          Bell State Bank & Trust, Lynn Paulson
9:30 - 9:45          Break
9:45 - 10:45        United Bankers' Bank, Dwight Larsen
10:45 - 11:00       Break
11:00 - 12:00       Keynote Speaker, Joe Malarkey
12:00                  Lunch
6:00                    Reception
7:00                    Dinner/PAC Silent Auction
9:15                    Campfire Gathering
            
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Thank you to
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The May edition of the ICBSD Capitol Comments is now posted on our website. We know every community banker's inbox is crowded. ICBSD Capitol Comments points out those compliance and legal items that are most important to your community bank. Visit www.icbsd.com/capitol-comments to read this month's edition or download and print a PDF version.  
RETIREMENT OPEN HOUSE  IN HONOR OF RELIABANK'S 5th PRESIDENT HUGH BARTELS

Friday, June 3rd │ 11:00am-4:00pm

Reliabank
1401 4th St NE  
Watertown, SD

STOP BY AND WISH HUGH A HAPPY AND RELAXING RETIREMENT

Order toll free: 800-757-8442
ICBA Member ID: 141351622

More Information: Place your order through the ICBA/Dell page to receive these discounts!
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CECL Finalization and Methodologies
 
The Financial Accounting Standards Board's (FASB) current expected credit loss (CECL) model guidance is expected to be released in June. For many institutions, implementation will be required in 2020 or 2021, but it is imperative to be preparing now. You know the basics of CECL, now learn actionable ways to prepare your institution and ALLL. In the third installment of this webinar series, professionals from Sageworks and CliftonLarsonAllen will provide the latest information, including revisions to the guidance, key insights and examples to help you prepare your institution for compliance. 

  • The latest CECL news and developments
  • Details about recent revisions to the standard and what they mean
  • CECL methodology deep dive
  • Actionable items for the June release
  • Access resources and previous on-demand CECL Workshop Series webinars
Speakers:
  • Todd Sprang, Principal, CliftonLarsonAllen
  • Tom Danielson, Principal, CliftonLarsonAllen
  • Tim McPeak, Executive Risk Management Consultant, Sageworks
Fee
Complimentary

Schedule:
Tuesday, June 7th
2:00 - 3:00 p.m. - Webinar
Please register by June 6, 2016.

Please join the CFPB for a webinar on how banks and cre dit un ions can protect older consumers from financial exploitation. The c all will begin with remarks from CFPB Director Richard Cordray and will be followed by a presentation from the CFPB's Office for Older Americans and an opportunity for questions. This presentation will highlight a recent CFPB report  that provides an in-depth look at financial exploitation, case scenarios, and detailed recommendations for banks and credit unions on how to prevent, recognize, report, and respond to financial exploitation of older Americans.
 
Date : Wednesday, May 25, 2016
 
Time : 2:00 -3:00 EDT
 
RSVP: Click here to register for this event
 
The Office for Older Americans in the CFPB's Consumer Education and Engagement Division focuses on the financial education and protection of Americans aged 62 and older. 
How Financial Institutions Can Save on Their Telecom Expenses 
 
Data is at the heart of business today, and it plays a crucial role in staying connected. Because data is so vital, telecommunication bills can be perceived as a necessary fixed expense and are often overlooked as areas to reduce costs, especially if the tradeoff is reducing service quality. 
A small to mid-sized financial institution can easily incur monthly expenses ranging from thousands to tens of thousands of dollars each month. While network and data services are necessary, these bills should still be scrutinized. 
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
May 2016

May 2 - CBSM, Certified Banking Security Manager

May 16 - CBIH, Certified Banking Incident Handler

May 23 - CBFI, Certified Banking Forensic Investigator

June 2016

June 6 - CBVM, Certified Banking Vendor Manager

June 13 - CBSE, Certified Banking Security Executive
 
June 20 - CBCM, Certified Banking Cybersecurity Manager

June 20 - CBBCP, Certified Banking Business Continuity Professional

Where Jamie Dimon and I Disagree       
I bear no hard feelings against J.P. Morgan Chase's Jamie Dimon, but our disagreement underscores a much deeper rift between how Wall Street firms and Main Street community banks view the post-crisis financial world.  
CNBC    
Mohamed El-Erian: Fed Hike Definite by September,
Probably in July           
Mohamed El-Erian says the market is still underestimating the chances the Federal Reserve will raise interest rates this summer. 
The Blame Game is Still Being Played
Perhaps if the Fed raised short-term rates more aggressively, the excesses fo the bubble could have been avoided. 
Address Your Commercial Clients' Technology Needs  
By now, practically every traditional bank understands that they have to find ways to either compete with or embrace financial technology to attract and keep customers.
Fed's Low Rates May Be Stifling Growth, Economist Argues 
Popularized by Arthur Laffer, the Laffer Curve illustrates that there's a point where a decrease in tax rates actually increases tax revenue.
'Exchange' the Way You Think About Employee Benefits  
Assuring your financial institution gets the most ROI out of your employee benefits programs can easily become quite an expensive and challenging endeavor.
Quick Links
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Banking Fun Fact

Nelson Aldrich

As Chairman of the U.S. Senate Finance Committee at the turn of the 20th century, Nelson Aldrich played a pivotal role in the creation of the Federal Reserve System. 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.