Bankers Helping Bankers
New Exclusive ICBSD Member Benefit: Bankers Helping Bankers
WATERTOWN, SD – JANUARY 7, 2022 – Independent Community Bankers of South Dakota (ICBSD) is pleased to announce its participation with the FedFis and state community banking associations nationwide to offer access to Bankers Helping Bankers to its member banks in South Dakota.
Bankers Helping Bankers is a bankers only platform for collaboration and education. Through data tools and dynamic user groups, Bankers Helping Bankers provides community bankers with a knowledge base focused on bank technology and emerging Fintech companies, as well as hot topics such as cryptocurrencies, banking as a service and direct digital banking.
“Bankers Helping Bankers is about community banks coming together to address their shared challenges, operate more efficiently and discover new sources of income,” said Dave Mayo, Chief Executive Officer of FedFis, the developer the of the platform.
FedFis partnered with the Independent Bankers Association of Texas (IBAT) to bring the idea for Bankers Helping Bankers to life. “The future of community banking depends on their collaboration. For decades, banking associations have offered the means of collaboration for bankers, mostly using face to face gatherings. But those means are no longer enough because the industry is changing too quickly. Bankers Helping Bankers is the next iteration of the traditional value proposition of associations – the promise that together we can accomplish more than we ever could alone,” said IBAT President and CEO Christopher Williston.
“South Dakota’s community banks are vital to our local, state and national economies” said Megan Olson, President and CEO of ICBSD. “Bankers Helping Bankers is a dynamic tool to help community banks adapt to changing technology, and collaborate on shared challenges.”
The Independent Community Bankers of South Dakota exclusively promotes and defends the common interests of independently owned and locally controlled South Dakota community banks whose services are vital to the preservation of economic diversity in rural America. Nearly 400 independent community bank branches are located in South Dakota, representing more than 1,000 communities across the state and employing over 20,000 state residents. For more information, visit www.icbsd.com.
FedFis provides financial institutions fintech data analytics and a strategy system which tracks Financial, M&A, and Vendor data (including technology vendors) on every bank and credit union in the United States. FedFis is committed to “truth in banking”, by helping community bankers understand which products and services will best pair with their existing technology to drive the strategic outcomes for which they strive. They are first and foremost, a family business of precisionists. Fifth generation bankers and technology experts with incredible depth and passion for the banking industry.
Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas community banks. The Austin-based group is the largest state community banking organization in the nation, with membership comprised of more than 2,000 banks and branches in 700 Texas communities. Providing safe and responsible financial services to all Texas, IBAT member bank assets range in size from $27 million to $39 billion with combined assets statewide of nearly $256 billion. IBAT member banks are committed to supporting and investing in their local communities.