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SDBA Invites Emerging Bank Leaders to Take Part in State Legislative Day
An emerging leader networking reception will be held Tuesday, Feb. 12, (the night prior to the State Legislative Day) at 5:30 to 7 p.m. at Branding Iron Bistro in Pierre. Three emerging leader-specific sessions will be held Wednesday, Feb. 13, at the Ramkota on legislative basics, an emerging leader panel discussion and a speed networking session. Emerging bank leaders are then invited to take part in the rest of the State Legislative Day, which will include the SDBA Legislative Committee meeting, a luncheon, featured speaker Naomi Camper, a visit with legislators at the State Capitol, and an evening reception with state legislators and constitutional officers. Gov. Kristi Noem has also been invited to speak with bankers. Drew Haack and Matt Schlechter Promoted at SD Division of BankingDrew Haack and Matt Schlechter have promoted to supervisory roles at the South Dakota Division of Banking. Haack has been promoted to chief bank examiner, and Schlechter has been promoted to chief trust examiner. Both will continue to participate on examinations but will be assisting more with administrative functions, said Deputy Director of Banking Mike Dummer. Haack joined the Division in 2006, and Schlechter joined the Division in 2011. Both work out of the Division of Banking's Sioux Falls office. USDA to Temporarily Reopen FSA Offices During ShutdownWith the government shutdown now approaching its fourth week, the Farm Service Agency will temporarily reopen several of its offices to provide assistance to farmers and ranchers, the Department of Agriculture announced yesterday. These offices will be open on Jan. 17, 22 and 28 during normal business hours. ABA Spotlights How Banks Support Customers Through ShutdownWith thousands of federal employees and government contractors affected by the longest shutdown in U.S. history, America’s banks are working to support these individuals and their families that may be experiencing financial hardship. A new ABA.com webpage highlights these efforts, which include offering interest-free payroll advances or other low-interest loans; waiving fees; making loan modifications; and extending payment deadlines depending on individual circumstances. Rep. Waters Outlines Priorities for Financial Services CommitteeIn her first major speech as chairman of the House Financial Services Committee, Rep. Maxine Waters (D-Calif.) yesterday highlighted the priority issues she will focus on in her new role. Among other things, Waters noted that the evolution of fintech, housing reform and encouraging diversity and inclusion in financial services would be points of focus during the 116th Congress. Keep Policy Moving in the Right Direction at Washington SummitWe’ve fought hard for banking policy changes that allow banks to better serve their customers and communities, but the work isn’t done. Join the ABA on April 1-3 in Washington, D.C., for the 2019 ABA Washington Summit to keep policy moving in the right direction. Hear from regulators and lawmakers in the new Congress and visit Capitol Hill to share your experiences. In conjunction with the Summit, ABA also hosts:
The ABA is offering $750 scholarships for the Emerging Leaders Forum to two SDBA emerging leaders to help cover travel expenses. If you are an emerging leader interested in applying for a scholarship, contact the SDBA's Halley Lee or call 605.224.1653. While there is no registration fee to attend the Washington Summit or Forums, those planning to attend need to register. The SDBA offers a $500 stipend to help with the travel expenses of one person from each SDBA member bank to attend the Summit. The SDBA will issues stipends following the event. Learn more and register. Registration Open for ABA's 2019 Financial Education ProgramsBanker registration is now open for the ABA Foundation’s 2019 financial education programs. This year’s initiative includes Teach Children to Save, as well as Get Smart About Credit and Safe Banking for Seniors. Launched in 1997, Teach Children to Save Day is observed every April--this year on April 12--but bankers can hold lessons throughout the year. Last year, about 12,500 bankers taught more than 15,000 lessons nationwide. Free Webinar: Taking Advantage of Reciprocal Deposit Legislation to Grow High-Value RelationshipsThanks to last year's regulatory relief bill, most reciprocal deposits are no longer brokered. This comes as banks face intense and increasing competition for deposits. Join Promontory Interfinancial Network—the nation’s leading provider and inventor of reciprocal deposit placement services—for a free webinar that outlines key provisions of the law and the impact ICS®, or Insured Cash Sweep®, and CDARS® can have on banks’ balance sheets. The webinar will also cover how banks can use ICS and CDARS to capitalize on the opportunities at hand; presenters will discuss cost-effective ways to use the services to attract high-value relationships (even as deposit competition intensifies) and to lock-in more low-cost funding (even as interest rates continue to rise). This webinar is a “must” for decision-makers at banks of all sizes, especially for community banks that utilize collateralized deposits and/or listing services. Learn more and register for a webinar. |
The SDBA is inviting bankers, including emerging bank leaders, to find their seat in the process at this year's State Legislative Day on Feb. 13 at the Ramkota Hotel & Conference Center in Pierre. This year's event offers emerging leader-specific sessions.