FDIC Special Assessment ICBSD sent the following letter to Chairman Martin Gruenberg of the FDIC on behalf of South Dakota independent community banks.  The Honorable Martin J. Gruenberg Chairman Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429   Dear Chairman Gruenberg: On behalf of our member community banks across the state of [...]

South Dakota Community Bankers Unite to Defeat Government Mandate February 17, 2022 (Watertown, SD) - This week, the Independent Community Bankers of South Dakota and its members successfully defeated Senate Bill 182 titled “Prohibit discriminatory actions against persons engaged with the firearm industry”. Sponsored by special interest groups outside of South Dakota, this bill would [...]

New Exclusive ICBSD Member Benefit: Bankers Helping Bankers WATERTOWN, SD - JANUARY 7, 2022 - Independent Community Bankers of South Dakota (ICBSD) is pleased to announce its participation with the FedFis and state community banking associations nationwide to offer access to Bankers Helping Bankers to its member banks in South Dakota. Bankers Helping Bankers is [...]

ICBSD, State Community Banking Groups and ICBA Oppose Saule Omarova’s OCC Nomination Academic Papers, Public Statements Highlight Professor’s Alarming Policy Positions ICBSD, along with the Independent Community Bankers of America (ICBA) and 40 other ICBA-affiliated state community banking groups, expressed opposition to Cornell University law professor Saule Omarova’s nomination to lead the Office of the [...]

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 [...]

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 [...]

April 15, 2020, Yankton, S.D. - First Dakota National Bank is playing an important role in securing millions of dollars in low-interest federal loans to hundreds of South Dakota businesses and farms. In its ongoing effort to help employers weather the financial storm caused by COVID, First Dakota has already funded more than $100 million, [...]

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 [...]

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 [...]

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 [...]