E-NEWS
July 27, 2016
ICBSD Board of Directors
Elected at Annual Retreat

ICBSD Chairman Hugh Bartels
ICBSD Board Elections were held at the annual retreat for community banking held at Sylvan Lake Lodge. The following directors were elected to fill board positions. 
  • Chairman, Hugh Bartels, Reliabank Dakota
  • Vice Chairman, Jaimey Schempp, State Bank of Alcester
  • Secretary/Treasurer, Preston Steele, American Bank & Trust
  • Director Monty Trosky, Farmers State Bank, Turton
  • Director Brian Gilbert, The First National Bank in Sioux Falls
  • Director Barclay Smith, Farmers State Bank, Marion
  • Director Kelly Eisemann, First State Bank of Roscoe
Thank you to all our current and past board members for your support and contributions to community banking in South Dakota.
Executive Leadership of Cybersecurity (ELOC)

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

Register Online

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. 

ACH Compliance Training Package

Registration information can be found at www.icbsd.com

The ICBSD and ICBND in collaboration with UMACHA are pleased to present a convenient and affordable solution for all your 2016 ACH compliance and risk management needs. 

ACH Audits and ACH Risk Assessments are like a day at the beach with the ACH Compliance Training Package!

While Same Day ACH may be a big theme this year, it is equally important to be sure you complete your required annual audit and update your risk assessment if needed. To help you do so, UMACHA in an exclusive partnership with the ICBSD and ICBND is excited to offer this one-of-a-kind package, including your very own copy of our 2016 ACH Audit Guide to aid you in meeting your NACHA Rules requirements.

This package features a special event available only to those who participate, where you can dial-in and ask UMACHA's ACH Rules experts any questions you have while completing your audit and risk assessment.This is one opportunity you cannot afford to miss!
  • Two 90-minute recorded webiars on how to complete your annual audit
  • Live 90-minute webiar on ACH Risk Assesment
  • Live Open Forum
Receive instant access to an exclusive webpage; all documentation and recorded webinars and presentations, and  UMACHA's ACH Audit Guide  immediately.

Then;
As a reminder, two days prior to the live events September 13th and October 25th, you will receive a confirmation with dial-in information and your own copy of the presentation materials.

 
Access all of this for only $500
 Registration Information can be found at www.icbsd.com

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.   

FAQs: New Regulatory Capital Requirements for Community Banks


Since it took effect this year, we have received many q uestions about  Basel III  and  the revised Call Report Schedule RC-R . The new rules revise how  regulatory capital must be calculated and how certain assets and off balance sheet liabilities must be risk weighted. With over 130 pages of revised instructions for Schedule RC-R, some confusion remains in the industry, particularly regarding changes to risk weighted assets.

In an effort to clarify some of the common areas of misunderstanding among community banks, below are a series of frequently asked questions and answers based on our review and interpretation of the new requirements.

Read More...
United Bankers' Bank and Great Lakes Bankers' Bank Complete Merger


BLOOMINGTON, Minn. - William C. Rosacker, President a nd CEO of United Bankers' Bank, is pleased to announce that as of Friday, Jul y 22 nd , 2016  the merger between Minnesota-based United Bankers' Bank (UBB) and Ohio-based Great Lakes Bankers Bank (GLBB) has officially been completed.

Read Full Press Release
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 
Community Bankers Webinar
Network Courses 
SBS Institute Certifications
August 2016

August 8 - CBSM, Certified Banking Security Manager

August 15 - CBEH Certified Banking Ethical Hacker

August 22 - CBVA, Certified Banking Vulnerability Assessor

August 22 - CBMA,  Certified Banking Mobile Administrator

September 2016

September 12 - CBVM, Certified Banking Vendor Manager

September 12 - CBFI, Certified Banking Forensic Investigator

September 19 - CBCM, Certified Banking Cybersecurity Manager

September 19 - CBIH, Certified Banking Incident Handler

SWIFT Heists: The New Account Takeovers?   
An investigative report from Reuters paints a disturbing picture of the Federal Reserve Bank of New York using antiquated security practices to handle interbank SWIFT payments.
CNBC 
Verizon-Yahoo deal: Boutique Banks Just Netted a Big Payday          
When the year's most hotly anticipated tech deal went down, Wall Street's biggest banks got elbowed aside by upstart competitors.  
Banking Industry Still Falling Short of Consumer Expectations           
The FIS Performance Against Customer Expectations (PACE) Index found that financial institutions globally continue to fall short of expectations in key fundamental areas that are most important to consumers. 
Want to Boost Your Bank's Income? It Begins with Customer Satisfaction     
Intuitively, we know delivering the services customers want can convert your relationships into better financial performance. But now there's proof: Investing in the right technology means higher returns.
BankDirector.com        
Driving Revenue with Better Treasury Management  
When it comes to small and mid-size companies, banks can and should be a source for more than just payments and transfers.
How the Durbin Amendment Has Failed Banks, Consumers
The Beltway debate between the retail and financial sectors over the electronic payment system has flared up again.
Quick Links
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Banking Fun Fact

Andrew Jackson

Andrew Jackson was suspicious of banks in general, viewing them as frequent sources of corruption, and that view extended toward the second Bank of the United States Learn more here.  


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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.