STRENGTHEN YOUR VOICE: Why Independent Community Bankers Should Support the ICBSD Political Action Committee by: Megan Olson, President & CEO, ICBSD As community bankers, you play a crucial role in the economic development and stability of your local communities. You provide essential services to businesses and individuals and serve as the lifeblood of your communities. [...]

ABOUT JACK YOUNGBERG: Vice President of Lending, United Bankers’ Bank Jack Youngberg is a Vice President of Lending. He has a Master in Business Administration degree from the University of South Dakota and a Bachelor of Arts degree from South Dakota State University. Jack joined United Banker's Bank in 2005 with extensive industry experience, including [...]

ABOUT BRAD M. BOLTON, ICBA Immediate Past Chairman, CEO Community Spirit Bank, Red Bay, Alabama Brad M. Bolton is the immediate past chairman of the Independent Community Bankers of America. Bolton is president, CEO, and senior lender for Community Spirit Bank in Red Bay, Ala. Bolton serves in many leadership roles at ICBA. He is [...]

FDIC Special Assessment ICBSD sent the following letter to Chairman Martin Gruenberg of the FDIC on behalf of South Dakota independent community banks.  The Honorable Martin J. Gruenberg Chairman Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429   Dear Chairman Gruenberg: On behalf of our member community banks across the state of [...]

Sens. Roger Marshall (R-Kan.) and Dick Durbin (D-Ill.) recently introduced legislation expanding the broad authority of merchants over credit card transactions at the expense of community banks and the consumers they serve. Despite ICBA’s persistent communications on the negative impact of Durbin Amendment interventions on payment card systems, this latest iteration of Durbin only compounds [...]

PPP Reform Summary for Borrowers ICBA released a summary of the Paycheck Protection Program reform law signed by President Donald Trump on Friday for community banks to share with their small-business borrowers. While further guidance and clarification from the SBA and Treasury is likely, the Paycheck Protection Program Flexibility Act of 2020: Extends from eight to 24 [...]

Act Now on PPP Reform NOW is the time to contact Congress and push for needed reforms to the Paycheck Protection Program. Last week, the House passed separate legislation to modify the PPP program, and now it is in front of the Senate for consideration. It is important to press Congress for the best reforms [...]

Call to Action: Paycheck Protection Program Reform The Independent Community Bankers of South Dakota, alongside the Independent Community Bankers of America, sent a letters to Capitol Hill on May 27, 2020 calling for reform within the Paycheck Protection Program. A snippet of the letter states, "The long-awaited forgiveness guidance released by Treasury last Friday evening [...]

ICBSD's Josh Hogue and Megan Olson: Now is the Time to Switch to a Community Bank, PPP Assistance & More The second round of stimulus money is set to be signed into law today by President Trump.  Josh Hogue, ICBSD Board Member and President at Reliabank, and ICBSD President and CEO Megan Olson gave an [...]

ICBSD, ICBA and Fellow Associations Secure Carve Out For Independent Banks in Paycheck Protection Program FOR IMMEDIATE RELEASE Additional Funds Dedicated for Community Banks in Round Two of PPP WATERTOWN, S.D. (April 23, 2020) – The Independent Community Bankers of South Dakota (ICBSD), alongside the Independent Community Bankers of America (ICBA), announced today their efforts [...]