Sen. Thune to Host Cybersecurity Roundtable at Dakota State University

Sen. John Thune, chairman of the Senate Committee on Commerce, Science and Transportation, will host a roundtable with cybersecurity experts on Friday at 11:30 a.m. CDT in the Straatmeyer Auditorium of Dakota State University (DSU) in Madison.

The roundtable will serve as an opportunity to highlight the cybersecurity challenges facing U.S. companies, as well as relevant academic and research initiatives at DSU. DSU has a nationally-recognized cybersecurity education program and is in the midst of an effort to construct a state-of-the-art-facility designed to foster economic development and expertise in addition to classified cybersecurity research and cybersecurity operations.

Read More

Sen. Rounds Introduces Bill to Raise Funding for FSA Programs

The ABA last week expressed support for legislation introduced by Sen. Mike Rounds that would increase the lending limit and overall funding for the Farm Service Agency’s guaranteed farm ownership and operating loan programs. The bill calls for the programs’ total funding to be increased to $8 billion and for the lending limit to be increased from $1.4 million to $3 million. 

ABA noted that these programs are vital for providing credit to agricultural borrowers--particularly young, beginning and small farmers--and that the proposed increases would help reduce the likelihood of a funding lapse in the future.

“With this additional funding, lenders would be able to help many more borrowers through potentially tough times in the agricultural economy,” the Association said. Read the letter.

SDSU Extension to Hold Ag Lenders Conferences in October

Agriculture lenders are invited to attend one of three Ag Lender Conferences hosted by SDSU Extension throughout the month of October in Sioux Falls, Watertown and Rapid City.

“SDSU Extension understands the relationship agriculture producers have with their lender and its impact on the success of their operations,” said Jack Davis, SDSU Extension crops business management field specialist. “By providing lenders timely market, financial and production information, they are better able to assist agriculture producers.”

Read More

ABA Urges Bankers to Support Puerto Rico Recovery, Emergency Response

With Puerto Rico facing a daunting recovery from the massive destruction of Hurricane Maria, ABA President and CEO Rob Nichols has announced that the association will contribute $100,000 for Hurricane Maria relief, as it did after both Hurricanes Harvey and Irma. ABA is also encouraging bankers across the country and ABA staff to support Puerto Rico’s recovery.

Consulting with the Puerto Rico Bankers Association, ABA is contributing to United for Puerto Rico, a fund established by Puerto Rican First Lady Beatriz Rossello in collaboration with the private sector to provide post-hurricane relief. ABA will match employee contributions to relief efforts as it did after Harvey and Irma. ABA staff members have contributed a total of $25,000 to the overall relief effort, bringing the total relief contribution this year from ABA and its employees to $350,000.

ABA staff, working with federal agencies and the Financial Services Information Sharing and Analysis Center, are in close contact with local banking personnel and assisting with Puerto Rican banks’ efforts to recover and restore full access to the banking system. Contribute to United for Puerto Rico. View ABA resources on hurricane response and recovery.

SBS Offers Hot Topic Hacker Hour Webinar on Equifax Data Breach

With 143 million consumers affected and more than 200,000 credit cards compromised, the latest Equifax breach is a hot topic for all consumers and businesses.

Join SBS on Friday, Sept. 15, for a special Hot Topic Hacker Hour webinar: Equifax Data Breach: Lesson Learned. SBS will discuss the current facts of the breach, what lead up to it and what you should think about in response. To ensure you get all the information you need, time will be provided for you to ask any questions you may have.

The free webinar will begin at 11 a.m. CDT. Learn more and register.

Emerging Bankers Don't Miss Opportunity

Are you an emerging leader at your bank? Would you like to become more engaged with the banking industry in South Dakota? Don't miss your opportunity to connect with other bank leaders of today and tomorrow.

The SDBA will hold the first of four Emerging Leaders Networking Meetings in Sturgis next Thursday, Sept. 28. The SDBA will follow up with meetings in Aberdeen on Oct. 2, Humboldt on Oct. 4, and Pierre/Fort Pierre on Oct. 11.

Read More

ABA Urges Support for Hurricane Irma Relief Effort

ABA President and CEO Rob Nichols last Friday announced that the Association will contribute $100,000 for Hurricane Irma relief, as it did a few weeks ago after Hurricane Harvey. “Hurricane Irma has devastated communities in Florida and beyond in much the same way Harvey affected Texas,” said Nichols. “Knowing the need for relief is just as great, and even more dispersed, ABA has pledged to donate $100,000 to assist those harmed by Irma.”

The Association will also match all ABA employee contributions to Irma relief efforts. ABA consulted with the Florida Bankers Association in directing its donation to the Florida Disaster Fund. However, ABA is matching employee contributions to hurricane relief in any area affected by Irma, including Georgia, Puerto Rico and the U.S. Virgin Islands.

In the wake of Harvey, ABA employees contributed $21,000 for relief, which ABA will match--bringing the total contribution from ABA and its employees to more than $142,000. Learn more about and donate to the Florida Disaster Fund.

CCS Offers Services to Western South Dakotans Affected by Drought

Professional counselors with Catholic Social Services (CCS) are reaching out to drought-impacted families in western South Dakota by offering a listening ear. Services can be accessed either through offices or via telehealth. 

Jim Kinyon, CSS executive director, has been hearing from pastors, families and local businesses seeking support. “Families are stressed, and we would encourage families needing a listening ear or a place to talk to contact our office," he said.

Read More

Emerging Banking Leaders Don't Miss Out on SDBA Networking Meetings

Education, Skills, Lead, Learn, IdeasThe SDBA is looking to attract, develop and engage the next generation of banking leaders in the state. The SDBA is hosting four Emerging Leaders Networking Meetings across the state this fall.

Sturgis, Buffalo Chip Shooting Complex: Sept. 28
Aberdeen, Aberdeen Gun Club: Oct. 2
Humboldt, Hunters Pointe Shooting Complex: Oct: 4
Pierre/Fort Pierre, View 34 and Willow Creek Wildlife Inc.: Oct. 11

Read More

2018 South Dakota Bank Directory Advertising Available

The SDBA is currently selling advertising in its 2018 South Dakota Bank Directory. The South Dakota Bank Directory is an indispensable reference tool for financial executives and those conducting business with financial decision makers in South Dakota.

A limited number of full-color ads are available on the directory's tabbed divider pages, as well as the inside back cover. Full-page and half-page black and white ads are also available in the front section of the directory. The deadline to place an ad is Friday, Sept. 29. Ads are then due Oct. 13. More information and the advertising form.

Read More

Two South Dakota Banks Named 'Best Banks to Work For'

American Banker Magazine on Monday published its fifth annual list of the 75 best banks to work for. South Dakota's First Bank & Trust in Brookings and Sioux Falls was named number 20, and First PREMIER Bank in Sioux Falls was named number 61. SDBA associate member Bell Bank in Fargo was named number five.

First Bank & Trust each year hosts a 5K for employees and their families that raises money for charity, and the bank's Community Brigade program authorizes employees to provide up to $150 to a person in need, reimbursed by the company. The bank's "Be the 1" program provides cash rewards for employees who think on their feet and make decisions. 

Read More

Hurricane Harvey Relief Fund Initiated

ABA President and CEO Rob Nichols on Tuesday called on bankers to join ABA in supporting the response to Hurricane Harvey on the Gulf Coast and invited them to contribute to the Hurricane Harvey Relief Fund set up by the Texas Bankers Association (TBA) and the Independent Bankers Association of Texas (IBAT).

ABA and its subsidiaries will contribute $100,000 to the fund, which will provide relief for people displaced by the storm, including bank employees and their families. Contributions to the fund are tax-exempt, and TBA and IBAT are absorbing all credit card processing fees to ensure 100 percent of funds reach those in need. ABA will also match its own employees’ contributions to Harvey relief efforts.

“It will come as no surprise to you that the industry’s response to date has been caring, generous and committed,” wrote Nichols in an email to bank CEOs nationwide. “I have no doubt all banks whose customers have been harmed by Hurricane Harvey will make a priority of helping them through this difficult time.” He cited a wide range of responses, from community banks that have opened mobile branches to institutions waiving service fees to million-dollar relief pledges from large nationwide banks.

"Like Rob, I too have received inquires from bankers wondering what they here in South Dakota might do to help bankers who lives have been turned upside down by Hurricane Harvey," said SDBA President Curt Everson. "To the extent that any bank or banker would like to make a contribution to help in relief efforts, the Hurricane Harvey Relief Fund set up by the TBA and IBAT is one way to facilitate a financial contribution."

Nichols also pointed to several ABA resources for banks dealing with the storm, including constant coordination with federal, state and local authorities through the Financial Services Information Sharing and Analysis Center to ensure the banking system continues to function, as well as communications resources for banks on the front lines of disaster.

Read More

Farmer Mac To Hold Road Show this Fall

Farmer Mac is hosting a series of free, credit-focused workshops throughout the country this September and October. Farmer Mac will be in Bismarck on Sept. 18, Sioux Falls on Sept. 19 and Rapid City on Oct. 13.

Attendees can prepare for the upcoming lending season and hear about the latest secondary market tools available through Farmer Mac's programs. The sessions are designed for new as well as existing program participants.

The meetings will begin at 9:30 a.m., and lunch will be provided. A bonus session will be held from 1-2 p.m., where attendees will receive additional insight on winning strategies successful Farmer Mac lenders use to structure and price their loans.

Read More

SDBA To Host Emerging Leaders Networking Meetings this Fall

Education, Skills, Lead, Learn, IdeasAttract, Develop, Engage. The SDBA will host a series of regional meetings across the state this fall to build and deepen the connection of the next generation of banking leaders to the Association. The SDBA invites member bank leaders to bring at least one of their bank’s young, emerging leaders to the meetings.

The general business session will be a chance for bankers to learn more about the SDBA, current issues of concern to the industry, how they can engage in public policy debate, and a discussion on ideas for further engagement with emerging industry leaders. The meetings will also provide an opportunity for networking and social interaction with peers during lunch, an afternoon of optional sporting clays/trap shooting and refreshments to follow. 

Read More

Rick Nath Appointed to SDBA Board of Directors

Rick NathThe South Dakota Bankers Association (SDBA), the professional and trade association for South Dakota’s financial services industry since 1884, has appointed Rick Nath, Citibank, N.A., Sioux Falls, to fill a vacant seat on its Board of Directors. Nath will represent banks in the Credit Card Category.

Rick Nath serves as Citi’s sixth site president in Sioux Falls. Nath, as the site president, is responsible for driving and executing site governance, people strategy, site culture and community involvement.

Read More

Dave Rozenboom, Karl Adam, Shawn Rost and Paul Domke Elected as SDBA 2017-2018 Officers

Photo of 2017-2018 SDBA OfficersThe South Dakota Bankers Association (SDBA), the professional and trade association for South Dakota’s financial services industry since 1884, recently elected officers for its 2017-2018 Board of Directors. The SDBA is honored to have the following individuals serve as officers:

Chairman: Dave Rozenboom, President, First PREMIER Bank, Sioux Falls
Chairman-Elect: Karl Adam, Market President, First Dakota National Bank, Pierre
Vice Chairman: Shawn Rost, South Dakota Market President, First Interstate Bank, Rapid City
Immediate Past Chairman: Paul Domke, President/CEO/CCO, Heartland State Bank, Redfield

Read More

Three Elected to SDBA Board of Directors

The South Dakota Bankers Association (SDBA), the professional and trade association for South Dakota’s financial services industry since 1884, recently held elections for three of the nine seats on its Board of Directors. Elected to serve on the SDBA Board of Directors were:

  • Steve Bumann, Chief Financial Officer, BankWest, Pierre
  • Craig Davis, President/CEO, First National Bank, Pierre
  • Shawn Rost, South Dakota Market President, First Interstate Bank, Rapid City

This is Davis’ first term on the SDBA Board of Directors and Bumann and Rost’s second terms. They started their three-year terms on May 1, 2017.

Read More

SDBA Seeking Candidates for 2017 Board Elections

Elections for the SDBA’s Board of Directors for 2017 are scheduled for March and April. Three directors have terms that expire on April 30, 2017. Elections will take place in geographic Group 4 and Group 5 and the Large Community Bank Category.

Steve Bumann, BankWest, Pierre, is the current director for Group IV. He has served one term and is eligible to run for a second term. Shawn Rost, First Interstate Bank, Rapid City, is the current director for Group V. He has served one term and is eligible to run for a second term. Kevin Whitelock, Pioneer Bank & Trust, Spearfish, is the current director for the Large Community Bank Category. He has served two, consecutive terms and is not eligible to run for re-election.

Read More

SDBA Seeks Officer Candidates

Are you interested in becoming an officer of the South Dakota Bankers Association?

SDBA officers include the chairman, chairman-elect, vice chairman and immediate past chairman. The SDBA is currently seeking people who are interested in running for the vice chairman position, which will be elected at the SDBA Annual Convention on June 6, 2017, in Rapid City.

Read More

South Dakota Banks Make a Difference in Our Communities

South Dakota Banks Make a Difference in Our CommunitiesSouth Dakota Banks Make a Difference in Our CommunitiesThe SDBA unveiled the latest results of its Banks Make a Difference Project during its State Legislative Day on Feb. 8, 2017, in Pierre. Copies of the promotional handout were provided to all attendees and to all state legislators. Copies will also be mailed to all member banks and branches.

Each January, the SDBA surveys its member banks and collects data on the importance of banks to their local communities and to the state as a whole. The annual project demonstrates that banks are great corporate citizens and serve as “stewards” of their communities and the state in ways beyond routine banking services.

Read More