ICBA Urges Washington to ‘Wake Up’ and Address Credit Union Risk

Washington, D.C (Oct. 21, 2019)—The Independent Community Bankers of America® (ICBA) today launched a nationwide campaign calling on policymakers and the public to “Wake Up” to the risky practices, costly tax subsidies, and irresponsibly lax oversight of the nation’s credit unions. ICBA’s “Wake Up” campaign will encourage policymakers to open their eyes to the growing […]

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First Dakota National Bank’s Larry Ness to be Recognized at SDSU Hobo Days Celebration

Larry Ness of First Dakota National Bank – Yankton is set to be recognized for his philanthropic endeavors this weekend at the South Dakota State University Hobo Days Celebration. Ness, a Sinai native and a 1963 Brookings High School graduate, earned a degree in economics, is chief executive officer of First Dakota National Bank and […]

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Main Street, Inc. Successfully Completes System & Organization Controls (SOC) 2 –Type 2 Assurance Engagement

Birmingham, AL- September 18, 2019 – Main Street, Inc., a data-driven analytics and print solutions provider, announced the successful completion of a System & Organization Controls (SOC) examination. This achievement showcases the suitability of the design and operating effectiveness of its controls relevant to security and confidentiality of Main Street’s Printing and Mailing systems utilized […]

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CorTrust Bank Finalizes Acquisition of First Minnesota Bank

CorTrust Bank, N.A. announced today that the previously publicized acquisition of First Minnesota Bank has been finalized.  The acquisition was first announced on May 28th and brings the number of CorTrust Bank locations to 15 in Minnesota, along with 22 locations in eastern South Dakota. CorTrust Bank and First Minnesota Bank share similar core values of personalized […]

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South Dakota’s Afdahl Elected CSBS Chairman

The Conference of State Bank Supervisors (CSBS) announced the election of Bret Afdahl, director of banking in the South Dakota Division of Banking, as the new chairman of the CSBS Board of Directors. The election took place during the organization’s annual membership meeting in San Antonio, Tex., where new officers were also elected for 2019-2020.

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Holzwarth Hired at Bell Bank

Todd Holzwarth has been hired as SVP/correspondent banking business development officer at Bell Bank. In his new position, Holzwarth will source loan participation and bank stock loans in North Dakota and South Dakota.  Originally from Freeman, S.D., Holzwarth earned a master’s degree from the University of South Dakota and has been in the banking/finance field for 23 years. Holzwarth spent […]

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CorTrust Bank Continues Growth in Minnesota

Sioux Falls, SD, May 28, 2019 – CorTrust Bank, N.A. plans to continue growth in Minnesota through the acquisition of First Minnesota Bank, pending regulatory approval and other closing requirements. Oak Ridge Financial acted as the exclusive financial advisor to First Minnesota Bank for the acquisition, which will grow the CorTrust Bank footprint in the […]

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Representative Bartels Champions Passing of HB 1050

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Yesterday Governor Noem signed into law HB 1050 which I sponsored at the request of the Independent Community Bankers of South Dakota.  This bill updated our laws on illegally capturing credit card and debit card numbers.  The bill deleted the need to prove intent to defraud and made it a crime to skim or capture […]

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