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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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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