Press Releases

A statewide vote is required to change the South Dakota Constitution. There is no other way to change it – period. It is set up that way to make sure changes to the Constitution get a full debate and that a majority of voters agree. “Pass it and you’re stuck with it, unless you can […]

Local Leader Helps Deliver Community Banking Voice to Nation’s Capital Washington, D.C. (October 01, 2018)—The Independent Community Bankers of America® (ICBA) announced that local community banker Emily Hofer, CFO of Merchants State Bank, Freeman, SD, was re-elected to the ICBA Federal Delegate Board. ICBA is the nation’s voice for community banks. “I am honored to

The Independent Community Bankers of South Dakota has considered the impact that Amendment W would have on the state’s constitution, the ability of this organization to address elected officials and work with public employees, and the potential for unreasonable regulations to be placed on our organization, and the businesses and individuals that support us. The

The ICBSD received the following press release from Bret Afdahl, Director of Banking. Date: September 17, 2018 To: SD State Chartered Banks Subject: Appointment of a New Deputy Director Dear President: I am writing to inform you of a recent change in leadership at the Division. Deputy Director John Crompton retired on August 1st after

**The following press release is courtesy of ICBA** Washington, D.C (May 24, 2018)—The Independent Community Bankers of America® (ICBA) today thanked President Trump for signing into law the bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). The new law will spur greater consumer access to credit and business lending in Main Street

(Watertown, SD) – The House of Representatives passed S. 2155 yesterday, which means it is on it’s way to President Trump to be signed into law. This bi-partisan supported bill contains policies which roll back key parts from the Dodd-Frank Wall Street Reform and Protection Act therefore providing regulatory relief to the community banks that

Zimmerman of Monroeville to serve the nation’s community banks Las Vegas (March 16, 2018)—Timothy K. Zimmerman, CEO of Standard Bank in Monroeville, Pa., was elected chairman of the Independent Community Bankers of America® (ICBA) for 2018-19 during the 2018 ICBA national convention, ICBA Community Banking LIVE®, in Las Vegas. His term begins at the conclusion of the

Robust Regulatory Relief Bill Reflects ICBA’s Plan for Prosperity Washington, D.C (March 14, 2018)—The Independent Community Bankers of America®(ICBA), the leading proponent of community bank regulatory relief, today thanked the Senate for passing pro-community bank legislation and urged the House to advance needed relief immediately. The bipartisan Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) would bolster local

Washington, D.C. (March 30, 2018)—Where you choose to bank and with whom, matters says the Independent Community Bankers of America® (ICBA), which is celebrating the nation’s nearly 5,700 community banks during ICBA Community Banking Month in April. To illustrate the positive impact community banks have on their communities, ICBA released this video ahead of Community Banking Month.