SDBA eNews: June 25, 2015

In This Issue

Bankers Invited to Attend Governor's Ag Summit

The Governor's Agricultural Summit July 9-10 at the Lodge in Deadwood will bring together leaders in business, finance, education, government and production agriculture to demonstrate agriculture's comparative advantages and discuss ways to harness the industry's potential for economic development. 

This year’s program will include an agricultural tour of the Black Hills and the Governor’s Ag Ambassador Award Luncheon hosted by Gov. Dennis Daugaard.

Space is limited and registration is required. Register and more information.

Certified Community Banking Technology Professional Certification Starts July 6

SBS Institute's Certified Community Banking Technology Professional (CCBTP) certification provides a deep dive into critical components of an information security program to explore the technical design and implementation of security controls.

The topics included in this program are critical to the successful implementation of an information security program, and this will explore their relationship. An understanding of risk management, documentation, and auditing will be explored in addition to possible solutions, implementation approaches, and technical considerations and configurations.

Those who should attend include information security officers, IT managers, IT audit, compliance, security officers and chief operations officers. The training starts on July 6. Learn more and register.

Upcoming Events

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Contact Alisa DeMers, SDBA, at 800. 726.7322 or via email.

SDBA Offers 2016 Scenes of South Dakota Calendar, Holds Photo Contest

The SDBA is offering the 2016 Scenes of South Dakota Calendar. This calendar will feature photos of South Dakota submitted by South Dakota bankers, their family members and customers.

A bank, branch or business' logo and name can be printed on each calendar to display in homes and businesses all year long. Calendar orders are due by Sept. 1, 2015, to get the low price of $1.19 per calendar.

The Scenes of South Dakota calendars are exclusive to SDBA member banks and associate members. These calendars are a great opportunity to thank your customers for their business and promote your bank or business. The SDBA logo is also included to emphasize the strength and security of South Dakota’s banking industry. Place your order today. All orders will be shipped Nov. 1, 2015.

If you are an amateur photographer and would like the opportunity to have your creativity displayed in homes and businesses across South Dakota, this is your chance. Send us your photos of farms, barns, agricultural activities, historical South Dakota locations, county fairs, carnivals, parades or festivals, fall colors, winter snowfalls, spring flowers, or summer fun.

Any photo that shows the history and beauty of the great state of South Dakota qualifies. All photos submitted will be judged, and the top photos will be featured throughout the 2016 Scenes of South Dakota Calendar. Learn more.

CFPB Formally Proposes TRID Delay to Oct. 3

As Consumer Financial Protection Bureau Director Richard Cordray announced last week, the CFPB yesterday issued its formal proposal delaying the effective date of the TILA-RESPA integrated disclosures.

The bureau attributed its decision in part to an administrative error in which it failed to notify Congress 60 days prior to the rule taking effect as required by law but also acknowledged that “moving the effective date may benefit both industry and consumers with a smoother transition to the new rules,” as ABA had advocated.

Under the proposal, the new disclosures would come into effect on Saturday, Oct. 3, more than two months after the original effective date. The bureau set the effective date for a Saturday to give the industry time over a weekend to reconfigure and test systems. Comments on the proposed delay are due by July 7. Read the proposed rule.

New .bank Domain Sees Strong Demand with 3,000 Applications

Tuesday night, within the first 10 minutes of general availability for .bank domain names, more than 3,000 applications were received. These applicants join the 782 financial institutions that applied for .bank domains during the "sunrise" period for banks whose names have previously been registered in an international trademark directory.

During the general availability period, domains are awarded on a first-come, first-served basis. ABA encourages bankers who have not already done so to carefully select a registrar based on both service and price. Learn more at

ABA Urges Grassroots Action for Shelby Reg Relief Bill

ABA is urging bankers to take grassroots action in support of the Financial Regulatory Improvement Act, the financial reform proposal introduced by Senate Banking Committee Chairman Richard Shelby (R-Ala.). Shelby’s bill includes several regulatory relief provisions that are part of ABA’s Agenda for America’s Hometown Banks and that would enable banks of all sizes to better serve their customers. Letters from bankers are needed to build momentum for the bill to reach the Senate floor later this year.

“As Congress continues the critical process of determining the items to consider in the coming months, it is imperative that all bank employees contact their Senators to share their support for this important proposal,” ABA EVP James Ballentine said. Bankers can use ABA’s automated system to send customized letters urging their senators to co-sponsor the bills. Take action now.

FHLB Des Moines Announces 2015 Strong Communities Award

Federal Home Loan Bank of Des Moines announced details for the 2015 Strong Communities Award. Beginning on July 20, 2015, FHLB Des Moines members and partners will have the opportunity to win $15,000 to promote small business growth and retention in their communities.

The award recognizes the value that communities derive from economic development projects, from recruiting a new grocery store, renovating a historic building in the heart of the downtown district into a multi-use facility, supporting the expansion of a technology incubator, to understanding the importance of providing opportunities to small and minority contractors.

FHLB Des Moines members and partners throughout the district, including 13-states and three U.S. Pacific territories, are eligible to apply. The application period will open on July 20, 2015 and nominees will be accepted through August 31, 2015.

The process to determine two $15,000 winners, one urban and one rural, will feature a voting component that will be open to the public. For information about the award or how to apply, visit  FHLB of Des Moines' website or eamil Mitch Fastenau.

2015 Annual Convention Speaker Materials Available Online

Speaker materials presented at the 2015 SDBA/NDBA Annual Convention on June 7-9 in Sioux Falls are now available online.

Handouts available include those from Rick Parsons, who addressed megatrends in banking and reported on recent South Dakota and North Dakota bank specific information during “The Road Ahead: Five Questions for Bank CEOs and Directors."

Access 2015 Annual Convention speaker handouts.