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Emerging Leaders Summit: Hotel Block Extended until September 26!The deadline to book your accommodations utilizing the block at the Holiday Inn in Rapid City for the Emerging Leaders Summit has been EXTENDED! The block will now be available for booking until Monday, September 26, so you have one more week to utilize the reserved block! Remember, the SDBA has arranged with the Holiday Inn to extend the special rate into the weekend for EMERGING LEADERS ONLY! Bring the family and enjoy a long weekend in the beautiful Black Hills! Go to www.visitrapidcity.com to find places to dine, things to do for the family and view sample itineraries. For even more fun, go to www.travelsouthdakota.com! The Holiday Inn in downtown Rapid City is located at 505 North Fifth St. The rate is $89 for a single king with a sofa-sleeper room or $89 for a traditional queen room. Upgrade to a double queen executive room for $10 more. Reserve your room by calling 844-516-6415 anytime. Reference South Dakota Emerging Leaders or group code EMG, or follow this link to book online: South Dakota Emerging Leaders (does not work with mobile devices). #BanksNeverAskThat Campaign Set to Kickoff on October 3!The ABA’s #BanksNeverAskThat anti-phishing campaign was a big success in 2020 and 2021. They’re bringing the campaign back this October to help even more consumers beat scammers at their own game. The ABA has added new content to their easy-to-use turnkey toolkit, including videos, social posts, digital signage, printables and more. Every day, thousands of people fall victim to fraudulent emails, texts and calls from scammers pretending to be their bank. The ABA wants to change that by raising awareness among banks and their customers of best practices for phishing defense. Whether you are a member or not, you can take part in this campaign. Utilize their tools and resources to run a stellar antiphishing campaign, and educate and protect your customers every step of the way. Sign up to receive your easy-to-use toolkit before kickoff on October 3! South Dakota's Pathward Receives ABA Foundation's 2022 Community Commitment AwardThe American Bankers Association Foundation named seven banks as 2022 Community Commitment Award winners. The annual awards recognize banks for extraordinary corporate social responsibility efforts in seven specific categories ranging from affordable housing to economic inclusion. The winners will be recognized at ABA’s Annual Convention in Austin, Texas on Oct. 4. The selection committee, made up of independent, national experts in each category, reviewed bank nominations from across the country and chose winners based on specific criteria including the creativity and thoughtfulness of the bank program. Community Commitment Award winners must embody the ideals of corporate social responsibility and demonstrate success in measurable terms. “As I reviewed this year’s winners and their programs, I felt an immense sense of pride for the creative and meaningful work America’s banks continue to undertake in communities across the country,” said Rob Nichols, ABA president and CEO. “We thank them for their incredible efforts and hope their stories inspire even more banks to consider similar programs in their communities.” The 2022 award winners by category are: Affordable Housing•Bremer Bank, St. Paul, Minn. for its Home Loan Impact Fund in partnership with Twin Cities Habitat for Humanity. The Home Loan Impact Fund is the largest banking partnership of any Habitat affiliate nationwide. Through the partnership, Habitat originates mortgages for low-and moderate-income households, then sells the below-market mortgages to Bremer. Since the program launch in 2017, nearly 500 families have achieved affordable homeownership. In 2022, Bremer renewed the partnership, committing an additional $125 million over the next three years to help address the Twin Cities’ substantial homeownership gap. Community and Economic Development•Republic Bank & Trust, Louisville, Ky. for its Community Over Competition program. With the Republic Bank Foundation’s $150,000 gift, Executive Chair Steve Trager unified nine Kentucky banks, aligning competitors toward a common goal — funding the final $10 million in capital for the Louisville Urban League’s Norton Healthcare Sports and Learning Center. That $10 million loan has allowed for the completion of the Center and its doors to open. Economic Inclusion•Wintrust Bank, N.A., Chicago for its North Lawndale Employment Network Branch Program. Wintrust partnered with North Lawndale Employment Network to open a sustainable branch at the community organization’s new headquarters — which includes a workforce training campus and financial education center — in North Lawndale, a Chicago neighborhood that historically sees little investment. In addition to making financial services such as deposit accounts, mortgages and business loans more accessible to underserved residents, the successful collaboration is helping to expand opportunities for long-term wealth and prosperity on the city’s West Side. Financial Education•First Commonwealth Bank, Indiana, Penn. for its FCB Financial Education program. First Commonwealth Bank uses its financial education programs to help achieve its mission of improving the financial lives of its neighbors and their businesses. The bank incorporates a blend of in-person and virtual classes to teach individuals of all ages, incomes, and backgrounds how to better manage, save, borrow, and protect their money. Since 2010, FCB has provided more than 4,300 financial education sessions to more than 93,000 participants and offers internal financial education to team members. Protecting Older Americans•Simmons Bank, Little Rock, Ark. for the SAFER AR Act. Simmons Bank Executive Vice President & Assistant General Counsel Steve Wade led associates and a task force of lawmakers and banking professionals to collaborate, research and draft SAFER AR Act (HB 1391). His leadership was instrumental in collaborating, researching, and drafting this law to provide protection to the elderly and people with disabilities. The SAFER AR Act gives financial institutions the authority to recognize, delay and report financial exploitation of senior citizens and people with disabilities in Arkansas. Supporting Military Families•F&M Bank, Clarksville, Tenn. for its OPERATION: Partners Serve 2.0. F&M Bank, along with a host of local, regional and national nonprofit organizations, continues to identify and meet the changing needs of those who strengthen our country and community through a unique initiative called Operation: Partners Serve 2.0. This ambitious endeavor disseminates resources to combat food insecurities that affect nearly one-third of military families. In addition, the bank provides knowledge to active-duty military, retirees and family members through financial education and personalized banking services. Volunteerism•Pathward, N.A., Sioux Falls, S.D. for its Community Impact Program. The program aims to elevate the effectiveness and scope of corporate giving and employee volunteer activities. For employees, it includes paid time off for volunteering, and matching gift and dollars-for-doers programs. In FY21, engagement and participation rates exceeded expectations and that of other benchmarked organizations of comparable size. “America’s banks continue to serve as real drivers of community change,” said Lindsay Torrico, executive director, ABA Foundation. “We’re proud to recognize these seven institutions and hope their good work will inspire others to engage in meaningful ways that create positive social impact.” All nominations for this year’s Community Commitment Awards will be added to the ABA Foundation’s Banks in their Communities searchable database that showcases the corporate social responsibility efforts of banks across the country and allows users to search and view program profiles. Winning and honorable mention entries are also included. As a part of the annual Community Commitment Award program, the ABA Foundation also honors an individual banker with the George Bailey Distinguished Service Award. The award is given to a non-CEO bank employee who demonstrates outstanding initiative, commitment to their customers and community, and the ability to inspire others. This year’s George Bailey Award winner is Lola Pol of Capital Bank in Rockville, Md. Pol will also be recognized at ABA’s Annual Convention on Oct. 4 in Austin. South Dakota Company One of First in the U.S. to Achieve Globally Recognized CertificationsSecure Enterprise Asset Management, Inc.(SEAM) is proud to announce that it has become one of only two providers in the country to successfully upgrade to both accredited certifications,R2v3 and e-Stewards Version 4.1, the only standards that exist to ensure secure and responsible resale and recycling of retired electronics. Currently, only fourteen companies in the entire country are certified to both standards, and this incredible accomplishment places the Sioux Falls based company at the forefront of this elite group. SEAM also earned recertification for ISO 45001 and ISO 14001, along with certification for ISO 9001 and NAID AAA, the most recognized verification of data destruction qualifications in the world. Nearly 10 years ago, SEAM made the decision to pursue these standards and became the only fully certified company in the Midwest. Since then, SEAM has continually maintained and improved its operations to meet the rigorous and regularly updated requirements. “It’s not every day a small business can boast being certified to six international standards,” said Paul Baldwin, SEAM’s Compliance Engineer, “I’m incredibly proud of our team’s hard work to continue going above and beyond to earn these certifications.” According to Baldwin, the new versions were the most in-depth to date regarding the secure and responsible handling of data and devices. Internal procedures were meticulously scrutinized and verified by independent auditors to confirm the ability to meet specific high environmental, quality, health, safety and security standards. “They don’t just give these away,” stated SEAM’s Operations Manager, Vince Anderson, “These certifications serve as validation of our capabilities and truly set us apart from others who make similar claims that they can’t back up.” Certified companies must demonstrate a controlled facility to protect the sensitivity of data on all storage devices, confirm complete data sanitization or destruction, and verify employee competency through extensive background checks, drug screenings, and logged hours of training. A documented chain of custody including a no-landfill policy and scrupulous downstream audit trails must be proven to ensure all equipment is handled in compliance with the standards from beginning to end. Once certified, continual oversight and unannounced audits maintain accountability. “These certifications provide peace of mind for our clients who are often in heavily regulated industries,” added CEO and Owner, Jake Anderson, “As we continue to expand both locally and across the region, this shows our commitment to honoring our partnerships by supporting their compliance needs while still focused on value recovery, efficiency and quality of service.” SEAM helps financial institutions, schools, healthcare clinics and other organizations across South Dakota, North Dakota, Southwest Minnesota, Iowa, and Nebraska with their retired devices such as servers, computers, hard drives, cell phones and more. For more information, visit seamservices.com. Enrollment Now Open for 2023 GSB ProgramsApplications are now being accepted for all 2023 GSB schools -- so make your plans now to benefit from a world-class education. Space is strictly limited and early enrollment is encouraged. The Digital Banking School will be held online; all other schools are residential and will be held in person on the University of Wisconsin campus in Madison, Wisconsin. We can't wait to see you and members of your team at one of these programs: July 30 - August 11, 2023
This 25-month leadership development program provides the tools you need to be successful in your banking career. At GSB, you’ll develop the critical thinking skills and leadership talents to manage change and motivate people by drawing on a clear understanding of all areas of financial services management. Plus, you’ll earn the prestigious Certificate of Executive Leadership from the Wisconsin School of Business in addition to a GSB diploma.
March 27-31, 2023
Designed for HR professionals in banking to help tie together important banking and HR issues, this school will expand your knowledge of the business of banking, human resource management, talent development, compensation, employee performance and more.
April 17-21, 2023
Created especially for financial services IT professionals, this popular and respected program explores critical banking and technology issues. Gain an in-depth understanding of bank profitability, technology management, vendor management, IT exams and more.
Offered Virtually, Twice Weekly Half Day Classes, April 3-27, 2023
The first school of its kind – to help community banks grow in the digital banking space, with a focus on innovation, digital product mix, customer engagement, technology, vendor partnerships and more. Per bank pricing allows multiple attendees from the same organization to participate affordably.
September 18-22, 2023
This school goes beyond the basics to present best practices and solutions to today’s most critical financial management decisions. Designed by experienced CFOs for financial institution finance managers to provide the tools you need to build a solid foundation in asset/liability management.
September 25-29, 2023
High-energy school that’s ideal for sales and marketing teams to attend together with multi-student rebates. Content explores sales, marketing, relationship development, branding and more - all in the context of a financial institution, with valuable content on the business of banking to round out the experience.
October 16-20, 2023
Especially for IT security officers, this program will broaden your understanding of the business of banking along with an in depth, interactive and hands-on study of the latest IT security techniques and strategies.
SDBA Seeks Input for 2023 Convention Theme!Planning for convention 2023 is underway! The first stop on our road to convention is to select our theme for the event. Calling all creative minds! If you have a suggestion for a theme for next June’s event, email it to us at [email protected]. You may just find you have a calling in the event planning world! ESG’s Midlife CrisisFor the last several years, much of the corporate world has, to a greater or lesser degree, adapted to the demands imposed by “environmental, social, and governance” (ESG) theory, and in that time, those three letters have created a minefield of unintended consequences. Despite the enthusiasm that has fueled the ESG machine, leaders in politics, policy, and the business world have begun to question where it is leading us, with high-profile critics from Tesla CEO Elon Musk to former vice president Mike Pence lining up to denounce it. While we’ve been hearing warnings of a backlash against ESG for some time, it’s worth reflecting on how we got here. The term “ESG” has become wildly popular over the last decade, with endless business conferences, investment funds, and analyses hyping it as the hottest new thing in finance. It is, however, a very old concept rebranded. Critics of corporate America — including many people within that world — have long wanted corporations to adopt more philanthropic and altruistic goals in addition to their core mission of delivering return to shareholders. Previous generations had thus popularized phrases like “corporate social responsibility,” “stakeholder capitalism,” “socially responsible investing,” and the “triple bottom line.” While promoters will insist that each of these is slightly different, they are all part of the same more-than-just-profits theory of business. But the ESG orientation in the business world has long since morphed into much more than making philanthropy part of a company’s purpose. Originally, we were told that integrating ESG into a company’s operations meant taking topics like climate change (environmental), civil rights (social), and board composition (governance) into account when making strategy and planning decisions, which allowed businesses to decide how to best pursue these ends. But many ESG advocates now insist that corporations implement specific, activist-driven policies. What started with “here’s a holistic way to look at your company” has become “this is the list of policies you must adopt.” To say that some of these may be controversial is an understatement. So, for instance, instead of just thinking critically about its firm’s energy use, a company’s management must commit to having a net-zero carbon footprint by 2035. Instead of merely examining board-recruitment strategy, it must implement quotas for future directors based on sex, race, and sexual orientation. ESG strategies now even involve firms and investment funds taking positions on divisive topics like gun control, abortion, and Israeli–Palestinian relations. This is obviously a problem in a diverse country in which opinions on such topics differ dramatically. There can be no “correct” ESG guidance on, say, abortion or gun control because there’s no consensus on these issues. Some “socially responsible” investors will want to make sure their retirement savings don’t get invested in any firearms manufacturers. But others will happily embrace an investment fund with firearm exposure to showcase their support for the Second Amendment. One progressive market participant may want to reward companies that offer to pay for out-of-state abortions for employees in red states, while a pro-life investor will likely insist on the exact opposite. Even in areas on which the divide is less obvious, such as decarbonization, one-size-fits-all ESG guidance can create big problems. The Securities and Exchange Commission, for example, is in the process of promulgating a major new rule to require public companies to disclose extensive new data about their energy use. The goal is clearly to pressure investors to divest from carbon-intensive firms and thus push the entire corporate world away from the use of fossil fuels to minimize greenhouse-gas emissions. The White House and the Federal Reserve, among other agencies, have also announced such climate-oriented finance policies intended to drive investment away from oil and gas. Read the full article at National Review.
CISA News: CISA's FREE Vulnerability Scanning
CISA offers FREE recurring vulnerability scanning to your external network equipment and also for your web applications. It’s $0 and a great way to complement your cyber hygiene program. Start the request process with an email message to [email protected]. That’s all it takes – send an email message. What are you doing to make your cyber security better today than it was yesterday?
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