Early Bird Registration Open for SDBA's 2023 Women in Banking Conference

Planning is underway for the 2023 SDBA LEAD STRONG: Women in Banking Conference in Sioux Falls, SD, at the Sioux Falls Convention Center, September 26 & 27 and we hope you can join us! The details of the agenda are being finalized, but we couldn't wait any longer to invite you to participate and register using the EARLY BIRD RATE! This rate is only good for a couple weeks, lifting on Monday, August 14. No, the agenda doesn't give you much to go off of yet, but trust us when we tell you this is an event you really don't want to miss!

More details are coming very very soon, so watch your inboxes! But, if you want to lock in the lowest registration rate being offered, get registered by August 14! Details and registration information can be found here.

The Latest on the Section 1071 Injunction and What It Means for Banks

Please join the ABA on Friday, August 4 from 10:00-10:45 PM CST for a free webinar open to bankers at all of America’s banks to learn more about recent developments in the legal fight over the CFPB’s Section 1071 Final Rule. Legal experts and senior leaders from ABA, Texas Bankers Association and Rio Bank will provide more details on this week’s court order from a federal judge in Texas delaying the CFPB’s implementation and enforcement of the rule for ABA and TBA members.

Share this with anyone at your bank who would like to join this ABA webinar. The presentation will answer many of the questions we’re hearing from bankers around the country, including which banks are covered by the ruling.

Legal questions about the court order or regulatory compliance with Section 1071 can be submitted in advance by emailing [email protected].

FHLBank System Update: From Des Moines to Washington Webinar Set for August 29

The SDBA and NDBA are joining forces to present “FHLBank System Update: From Des Moines to Washington”. This webinar via Zoom will be held on Tuesday, August 29 at 2:00 p.m. CDT. There is no cost to participate, however, we do ask that you kindly register using the link below to help us manage our Zoom account effectively.

Over the past 18 months, banks have seen how quickly the industry can change. Join FHLB Des Moines President/CEO, Kris Williams, as she provides an overview of the current state of the FHLBank System and FHLB Des Moines. She will highlight the impact of the Bank’s strong member partnerships over the past 90 years and the impact those partnerships have on the communities we serve. She will also discuss the potential for changes resulting from the FHFA’s review of the FHLBank System as well as the ramifications of these changes. She will end the session with a Q&A session.

More details and registration information can be found here.

Breaking into Banking 201: Analyzing Repayment Sources to be Held September 7

Attention all past attendees of Breaking Into Banking 101, save the date for the virtual Breaking Into Banking 201: Analyzing Repayment Sources, on Thursday, September 7! This 9-module online course is a “sequel” to the 101 course and is best taken after completion of that course, though it is not a prerequisite. The 201 course includes a case study and dives deeper into topics covered in modules 4, 6, and 8 of the 101 course: analyzing a borrower’s balance sheet, income statement, collateral, and risk ratings.

Full details and registration information can be found here!

Fall 2023 Accounting Recruiting Events to be Held on USD's Campus

Meet the Firms Networking Event: Wednesday, September 13^th from 3-5pm in the MUC Ballroom

Event will utilize a speed networking format where each employer will have a circle table and small groups of Accounting students who will rotate around to visit with tables in 10 minute intervals until approximately 4:30pm. At 4:30, the event will transition to an open networking social hosted by Beta Alpha Psi. Hors d'oeuvres and beverages will be served for you to enjoy while continuing to visit with students. During your 10 minutes you are welcome share information about your company and any full-time, part-time, or internship opportunities that you may have available immediately or in the near future.
Click here to register your company for the event! There are limited tables available.

Accounting On-Campus Interviews: Thursday, September 14^th – Friday, September 29^th

The Beacom School of Business offers employers the opportunity to conduct on-campus interviews with the students for your available Accounting internship and full-time positions.
If you would like to participate, please reply with the following information:

i. Your interview date preference

Please include your top 2 date choices for scheduling purposes.

ii. Interview Timeframe

All Day (30 minute interview increments from 9-5pm with a hour lunch break from 12-1pm)
Morning (9-12pm with no lunch)
Afternoon (1-5pm with no lunch)

c. Once we get your date scheduled, you will be able to upload your positions to our system and students can start applying.

Farmer Mac Roadshow Dates Set for 2023

Calling All Ag Lenders!

Farmer Mac’s popular Road Shows are coming once again to towns all over the U.S.! We’d love YOU to attend, meet with members of our team, have lunch, network with other local lenders, and join the conversation! You can look forward to discussions on:

Secondary market options for capital, liquidity, and credit risk management
Overview of popular loan products, current pricing options, and interest rate trends
Competing for loans: a review of recent local Farmer Mac transactions and marketing insights
AgPower & AgXpress underwriting options PLUS helpful tips for lightning-fast loan submissions
Farmer Mac 101 – After lunch bonus session for new and inactive Sellers, featuring a hands-on review of AgXpress and USDA guaranteed loan submissions

All sessions are from 9:00 AM to 1:45 PM local time.
9:00 AM—12:30 PM | Lunch Provided
12:30 PM—1:45 PM | Farmer Mac 101

We hope you can join us! Sign up today!

Event Dates and Locations:

Monday, Sept. 11 - Quincy, IL
Tuesday, Sept. 12 - Champaign, IL
Wednesday, Sept. 13 - Indianapolis, IN
Thursday, Sept. 14 - Columbus, OH
Monday, Sept. 18 - Owatonna, MN
Tuesday, Sept. 19 - Wisconsin Dells, WI
Wednesday, Sept. 20 - Iowa City, IA
Thursday, Sept. 21 - Columbia, MO
Tuesday, Sept. 26 - Sacramento, CA
Wednesday, Sept. 27- Fresno, CA
Thursday, Sept. 28 - Pismo, CA
Tuesday, Oct. 3 - Sioux Falls, SD
Wednesday, Oct. 4 - York, NE
Thursday, Oct. 5 - Manhattan, KS

CISA News: Stolen Microsoft Security Key - yet questions still remain

Last week, a stolen Microsoft Azure Active Directory key allowed China-based hackers to penetrate multiple entities as if the hackers were actually Microsoft. There is still little information on how these hackers were able to obtain the “Security Key.” Keep this story on the back burner, I think we will hear more about it in the coming weeks.

View the article here.

QUESTION OF THE WEEK

Q: Please advise if there is regulatory guidance as to when an appraisal "review" is required?

A: Based on the interagency guidance all appraisals need some level of review. Reviews are needed to ensure that appraisals and evaluations contain sufficient information and analysis to support the institution's decision to engage in the transaction. But some will only require a more surface-level review to make sure the information is accurate, while others will require a deeper review which analyzes the report. The interagency guidance has a section on the depth of the review, based on risk:

“…An institution should implement a risk-focused approach for determining the depth of the review needed to ensure that appraisals and evaluations contain sufficient information and analysis to support the institution's decision to engage in the transaction….”

https://www.federalregister.gov/d/2010-30913/p-256

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