Add SDBA to Your Safe Sender List!

As members of the South Dakota Bankers Association, staying in contact with you is one of our main priorities! It’s times like right now, when our calendar is full of events, or during Legislative Session when we request our bankers’ engagement to influence our lawmakers, that our messages make it into your inbox! Sometimes, the SDBA will send blasts out to our members from Microsoft Outlook, and our domains will be @sdba.com. But sometimes we like to tailor our messages to certain groups through our database, and those messages tend to get hung up in junk or don’t make it into your inboxes at all—they go to the land of lost emails!

We never want you to feel left out of the loop, so an easy way to help our messages make it to your inbox is by adding our [email protected] domain to your Safe Sender List, too! If you’re concerned our messages aren’t coming through, or maybe your colleagues aren’t receiving our messages, please consider working with your bank's IT team to add @sdba.com and [email protected] to your bank's Safe Sender List. That way, you won’t miss a beat with the SDBA!

If you have questions or need more information, please contact [email protected] and we can review your member profile to see what messages you may be missing.

One final plug: while we’re on the topic of member profiles, have you logged into yours lately to make sure it’s all current? Do you need to reset your password? Or maybe someone on your team needs to create a member profile! This can all be done by going to https://sdba.memberclicks.net/login#/login. And again, if you have questions about your profile and its settings, please reach out to Natalie Likness, SDBA’s Member Services Coordinator, at [email protected]!

Don't Forget to Send Your Bank Announcements to the SDBA!

The SDBA loves to celebrate with you! Don't forget to share information from your bank or business about promotions, achievements and other news! Submit your Bank Notes stories and photos to [email protected].

Order Your 2024 Scenes of South Dakota Calendars Before September 15

The SDBA has opened up orders for the 2024 Scenes of South Dakota Calendar! This calendar features photos of South Dakota submitted by South Dakota bankers, their family members and customers.

These calendars are a great opportunity to thank your customers for their business and promote your bank or business. Your bank, branch or business' logo and name can be printed on each calendar to display in homes and businesses all year long.

The SDBA logo is also included to emphasize the strength and security of South Dakota’s banking industry. The Scenes of South Dakota Calendar is exclusive to SDBA member banks and associate members.

Place your order here for the 2024 Scenes of South Dakota Calendar!

Orders placed by September 1, 2023, will receive the early-bird rate. After September 1, 2023, prices will increase.

If you have any questions, email Haley Juhnke or call the SDBA Office at 800.726.7322.

Introduction to HSAs Webinar to be Held August 29

The SDBA is hosting an Introduction to HSAs webinar. It will be held virtually through zoom on August 29 with instructor Matthew Dickinson.
Health Savings Accounts (HSAs) are a popular health care option for employers offering coverage to employees and individuals/families not covered by employer-sponsored health care benefits. Financial institutions are beginning to see more complex transactions due to increased customer activity. This activity requires personnel to review their existing HSA procedures to ensure transactions are handled properly. This program also provides a solid foundation of operational and compliance issues associated with providing HSAs to customers, including opening, maintaining and distributing procedures.

For more information, click here.

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.

IRA School Registration Open

The SDBA is hosting IRA School from September 19-21, 2023, in Sioux Falls, SD.

The SECURE Act impacts two main topics: RMDs and death distributions. IRA School will address these relevant changes. In addition, IRAs are one of the most complicated areas of bank personnel responsibility, and it is not possible to learn and understand everything. Continual education is necessary to ensure confidence. Working with IRAs is a process and must start with a strong foundation. This school can provide this foundation through a comprehensive curriculum.

For new IRA and experienced staff, this program is the quickest, easiest and most comprehensive coverage of IRAs and HSAs. The school will cover new and current IRA material, and previous topics covered at the school will be expanded.

For more information and to register, click here.

CISA News: Microsoft's Azure Breach

A “critical” issue that gives hackers unauthorized access to data and apps managed by Azure Active Directory. Tenable notified Microsoft of the problem in March and Microsoft reported 16 weeks of a temporary fix. A complete fix is scheduled for September 28.

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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