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[Free Webinar] Breaking: Recent Bank Failures: What Does It Mean to Your Institution?
What You'll LearnWho Should AttendAnyone in the financial institution that would like an update on current events. Especially front-line personnel who may need to respond to questions from the public. DetailsPresenter: Carl PryDate: Friday, March 17th, 2023
Time: 1:00 pm - 2:00 pm CST Live Webinar: Safety for Your Customers and Opportunities for Your BankIn a turbulent economy—right now—your bank has the opportunity to provide services that can bolster customer confidence and strengthen relationships, while also growing franchise value. Reserve your seat in an upcoming webinar to discover how your bank can
Brought to you by IntraFi®, a company chosen by ~3,000 financial institutions, this webinar is for banks of all sizes. The webinar is also recommended as a refresher for banks that already offer the company’s services.
Register for a session today:
Join the SDBA Virtually for the Washington Summit
Register for the 2023 National School for Experienced Ag BankersThe SDBA will host the 2023 National School for Experienced Ag Bankers on June 26-29, 2023 at Black Hills University in Spearfish, S.D. The National School for Experienced Ag Bankers is a seminar for experienced ag bankers who want to further develop their ag lending skills, learn new skills, confirm existing methodology and meet fellow bankers who share the same career path. Taught by a nationally-recognized faculty of bankers, academics and other real-world ag banking practitioners, this program is focused on ag lending opportunities and challenges that are relevant to ag bankers from across the United States. Set in beautiful Spearfish, S.D., right in the center of the United States, students will have ample time to enjoy the scenic Black Hills of South Dakota. Whether you enjoy hiking in Spearfish Canyon, rock climbing in the Black Hills National Forrest, viewing monuments such as Mount Rushmore and Crazy Horse, or just testing your luck at the tables in historic Deadwood, S.D., Spearfish has you covered! Go to www.visitspearfish.com for more details. This school is limited to 72 students. Priority will be given to bank employees and regulators. In the event the school fills, a waitlist will be implemented and students will be chosen on a first-come, first-served basis off the waitlist. Find more information and register here! Beacom School of Business Spring 2023 Career Fair to be Held on March 29USD's Beacom School of Business is hosting their Spring 2023 Career Fair on Wednesday, March 29th from 11:00am – 3:00pm. The intention of this event is for you to share information about your company and any full-time or internship opportunities with our students, especially students graduating in May. The event will be formatted like a typical career fair where each employer will have a table/booth set up and students will have the opportunity to stop by your table throughout the timeframe. Please note that this event will take place during class time so there will be times where students are not visiting tables as they are in class or not on campus yet. This is a great opportunity to recruit soon to be college graduates for any full-time positions that you have available and familiarize students with your company and future employment opportunities. If you would like to attend, please click here to fill out the registration form or use the link below. Please register by Tuesday, March 21st, 2023. Spring 2023 Career Fair Registration Form: https://forms.office.com/r/8AnpQ9y2qv
FDIC: Institutions Required to Meet Contractual Obligations with Bridge BanksFollowing the opening by the FDIC of two bridge banks, Silicon Valley Bridge Bank and Signature Bridge Bank, to assume the deposits and obligations of two failed banks, the agency today confirmed that these institutions are operating as full-service banks. All contracts entered into with SVB and Signature Bank and their counterparties prior to the banks’ failures have been transferred to the bridge institutions, which are backed by the FDIC and the full faith and credit of the U.S. government, the agency said. “Accordingly, vendors and counterparties with contracts with the bridge bank are legally obligated to continue to perform under the contracts, and the bridge is obligated to and has the full ability to make timely payments to vendors and counterparties and otherwise perform its obligations under the contract,” the FDIC said.
CISA News: Penetration TestingAll organizations should have an external entity regularly assess their cyber posture. Over-confidence in one’s own security can be a costly mistake. There are many good organizations in South Dakota and tools to test your infrastructure. The most commonly tested layers are:
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Doubtless we’ve all heard by now of the sudden and unexpected closures of Silicon Valley Bank and others last week. You’ve also likely heard federal regulators announced plans to support depositors of the two banks and prop up consumer confidence in the banking industry. What exactly happened here? Are more bank failures expected? What were the actions the regulators took to guarantee the deposits of these banks’ customers?
The 2023 ABA Washington Summit and Forums will be held 