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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Agencies Announce Changes to the Community Bank Leverage Ratio

Agencies Announce Changes to the Community Bank Leverage Ratio News Release - April 06, 2020 Agencies Announce Changes to the Community Bank Leverage Ratio The federal bank regulatory agencies today announced the issuance of two interim final rules to provide temporary relief to community banking organizations. The agencies are acting to implement Section 4012 of [...]
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Insured Deposits are Safe at Your Local Independent Community Bank

Insured Deposits are Safe at Your Local Independent Community Bank Watertown, SD (March 26, 2020) — The Independent Community Bankers of America® (ICBA) and the Independent Community Bankers of South Dakota today reminded consumers and community banking customers that their insured deposits are safe and backed by the full faith and credit of the federal [...]
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FFIEC Highlights Pandemic Preparedness Guidance

FFIEC Highlights Pandemic Preparedness Guidance The Federal Financial Institutions Examination Council (FFIEC) today updated guidance identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic. Pandemic preparedness is an important part of a financial institution’s business continuity planning. The guidance provides the Council’s prudent expectations that regulated institutions should [...]
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Agencies Encourage Financial Institutions to Meet Financial Needs of Customers and Members Affected by Coronavirus

Agencies Encourage Financial Institutions to Meet Financial Needs of Customers and Members Affected by Coronavirus Federal financial institution regulators and state regulators today encouraged financial institutions to meet the financial needs of customers and members affected by the coronavirus. The agencies recognize the potential impact of the coronavirus on the customers, members, and operations of many [...]
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Pandemic Planning: Updated FFIEC Guidance

The Office of the Comptroller of the Currency (OCC), along with other members of the Federal Financial Institutions Examination Council (FFIEC), today issued updated guidance to remind financial institutions that their business continuity plans should address the threat of a pandemic outbreak and its potential impact on the delivery of critical financial services. The guidance […]

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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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