PPP Reform Summary for Borrowers

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 [...]
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Act Now on PPP Reform

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 [...]
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State Sign on Letter: PPP Reform

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 [...]
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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 [...]
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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 [...]
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The Treasury Department and Small Business Administration Answer Key Questions About the Paycheck Protection Program

The Treasury Department and Small Business Administration Answer Key Questions About the Paycheck Protection Program. This just in from Rebeca Romero Rainy, ICBA President & CEO: Dear Community Banker: The Treasury Department and Small Business Administration just answered key ICBA questions about the Paycheck Protection Program relating to bank directors, partnerships, self-employed borrowers, and more. [...]
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489 Groups Support Passage of the Farm Bill

Advantage #1

The following letter was drafted by the American Farm Bureau Federation urging the passage of the farm bill. The letter was sent to the House of Representatives December 12, 2018 in an effort for swift action on the floor. In total, 489 groups signed the letter in support the legislation; the ICBSD is one of […]

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Reasons W is Wrong: Spends $400,000 More Tax Dollars Annually, Plus Inflation

October 8, 2018 FOR IMMEDIATE RELEASE Contact:  David Owen 1-605-366-2669 Amendment W requires the state to write a $389,000 check every year to a non-elected commission and, if that check is not part of the legislature’s budget, the Constitution would force the State Treasurer to give the money to the commission directly.  Also, Amendment W […]

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The Campaign Trails are Heating Up, Get Involved!

By Dean Krogman, ICBSD Lobbyist With the recent primary elections taking place, the campaign trails are heating up. Everywhere you turn, voters are being exposed to information from political candidates- from TV to literature in the mail, social media posts and even phone calls. I encourage you to capitalize on this time and engage with […]

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BANKERS ALERT!

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S-Corp Banks Be Heard on Tax Reform ICBSD joins the Independent Community Bankers of American in calling on Subchapter S community banks to make their voices heard as Congress debates comprehensive tax reform. ICBA’s Be Heard grassroots action center allows community bankers to tell Congress to ensure the maximum 25 percent tax rate is available to the […]

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