E-NEWS
June 22, 2016
Executive Leadership of Cybersecurity (ELOC)

August 16, 2015 - 9:00am to 4:00pm 
Dakota State University
Madison, SD 57042


Register Online at 

CSBS's Executive Leadership of Cybersecurity (ELOC) Seminar is a program that addresses the issue of cybersecurity within the financial services industry with a particular focus on community banks.

The ELOC Seminar is a non-technical program designed for bank CEOs, senior executives and bank board members. It brings together bankers, law enforcement, and state and federal regulators to discuss the cyber threat landscape, information sharing, the recently released FFIEC Cybersecurity Assessment Tool, and additional cybersecurity resources for banks.
Learning Objectives
The goal of the ELOC Seminar is to provide bank executives with a baseline to moderate level understanding of the cyber threat landscape, to share best practices, and to provide resources to bankers in order to help them make more informed decisions when it comes to the cybersecurity of their institutions.
Background
In 2014, CSBS launched, on behalf of state bank commissioners, an online cybersecurity awareness campaign where the goal was to heighten awareness among bank CEOs that the management of an institution's cybersecurity risk is an executive level issue that requires CEO involvement. 
First State Bank of Roscoe Opens Branch in Eureka
ICBSD Members Eide Bailly LLP and First National Bank in Sioux Falls Featured in Argus Leader's Movers & Shakers

Check out the full story on argusleader.com: http://argusne.ws/28Dfm0w

The Sioux Falls office of Eide Bailly LLP announces new partner, Angie Hillestad. 
 
The First National Bank in Sioux Falls has promoted six staff members:
* Adam Cox to senior vice president
* Bill Blewett and Jon Olson to trust officers
* Maggie Groteluschen to personal trust team lead
* Michael Hahn to correspondent banking manager
* Tammy Noordermeer to personal trust team lead
 
The First National Bank in Sioux Falls has hired two staff members:
* Danielle McGrath as branch manager at the Sertoma location. She has four years of experience in the banking industry.
* Michelle Bunkers as branch manager at the Dell Rapids location. She has almost three decades of experience in the banking industry.
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 .


FASB Issues Final Standard on Credit Losses
 
On June 16, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-13 - Financial Instruments - Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments, which has previously been referred to as the current expected credit loss (CECL) model. 

ASU 2016-13 eliminates the probable initial recognition threshold in current generally accepted accounting principles, and instead reflects an organization's current estimate of all expected credit losses over the contractual term of its financial assets. Upon adoption, the ASU will require a company to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions and reasonable and supportable forecasts. Companies such as financial institutions and other organizations will be required to use forward-looking information to better inform their credit loss estimates. The ASU also will require financial statement disclosures to be enhanced regarding estimates used in calculating credit losses. 

Read More


Davenport Evans Welcomes Attorney Rita M. Edwards

Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce the addition of a new attorney to the firm.

Rita M. Edwards has joined Davenport Evans as an Of Counsel Attorney.

A Belle Fourche, South Dakota native, Edwards is a graduate of the University of Maryland School of Law and is licensed in South Dakota, Washington, and Oregon. Edwards practices in the areas of Banking and Financial Services, Corporate and Business law, and Real Estate.

 



Order your name brand imprinted
golf balls from us today!

Contact Jess or Lacey to place your order today at
701-258-8748 or via email at   

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
July 2016

July 11 - CBSTP, Certified Banking Security Technology Professional

August 2016

August 8 - CBSM, Certified Banking Security Manager

August 15 - CBEHCertified Banking Ethical Hacker

August 22 - CBVA, Certified Banking Vulnerability Assessor

August 22 - CBMA, Certified Banking Mobile Administrator

Is Short-Term Thinking Killing the American Economy?       
Many big corporations are more interested in returning cash to shareholders than investing in innovation. That might not be a bad thing.
Can Dozens of Small Banks Pack a Punch in
Vendor Talks?            
When it comes to negotiating contracts with their tech providers, small banks are hoping to find strength in numbers.
Simplifying Mobile Account Opening for Customers 
In the fast-changing world of mobile account opening, the name of the game is convenience. Most attempts at mobile opening are abandoned, or the new accounts are never funded or used.  
Market Watch     
'Could a Trump Victory Hurt the Economy?' Other Tough Questions Coming Janet Yellen's Way    
Fed Chairwoman Janet Yellen will have to tread carefully to avoid political missteps in two days of likely heated testimony on the economy and interest rates to Congress. 
Three Mistakes Banks Make When It Comes
to Pricing Loans
The story in the iconic movie, "It's a Wonderful Life," is one that a lot of bankers can relate to.
Countrywide: Closed for Good 
Maybe it's the fact that in another six months or so, the regime change here in the Land of the Free will lead many of the the current crop of enforcers in D.C. out the revolving door and into the loving arms of Big Law.
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

Salmon Chase

Salmon Chase served as President Lincoln's first Treasury secretary. He directed the federal government's efforts to finance the Civil War, which involved dramatic changes in federal bond issuance, taxation, commercial banking, and the U.S. currency. 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.