REGISTRATION OPEN: Breaking Into Banking 101 & 201 | February 22 & March 27, Virtual via Zoom

The SDBA is pleased to once again host the virtual Breaking Into Banking 101 & 201, Thursday, February 22, and Wednesday, March 27, respectively, and registration for both webinars is OPEN NOW!

Breaking Into Banking 101: Fundamentals of Commercial Banking - Thursday, February 22
Commercial banking can be intimidating because of its complexity and the risk-oriented nature of the work. This course is a clear and thorough introduction to the key concepts, terminology, and processes involved in credit and lending. It doesn’t assume much prior knowledge of the topic, so it’s ideal for those in their first year in the industry. Learners will walk away with a clear understanding of their job and how their specific role fits into the bank’s overall profitability goals. Click here to review the full curriculum and register.

Breaking Into Banking 201: Analyzing Repayment Sources - Wednesday, March 27
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. Click here to review the full curriculum and register.

Both courses are beneficial for credit analysts, lenders, portfolio managers, branch managers, and others who need skills in financial statement analysis and writing credit documents. Prices are based on a single, individual viewing/attendance. If you have questions, please don't hesitate to contact the SDBA at [email protected] or 605.224.1653.

REGISTRATION OPEN: 2024 SDBA Exploring AI in Banking Webinar | March 13 via Zoom

Registration is OPEN for the 2024 SDBA Exploring AI in Banking Webinar, Wednesday, March 13 at 10 a.m. CDT/9 a.m. MDT. This event is FREE and open to ALL BANKERS! However, registration is required so that we can adequately manage our Zoom account.

Presented by Brooke Ybarra, Senior Vice President of Innovation & Strategy with the ABA, she will discuss how artificial intelligence (AI) has been unavoidable over the past year as ChatGPT captured the public’s imagination. In this session we will develop a foundation for understanding what AI is, the opportunities and risks that must be weighed, and potential use cases for banks. We’ll also explore policymaker reactions and activity.

Click here to register.

GSB HR School Scholarship Available | Due Friday, February 9, 2024

Since 1945, the Graduate School of Banking at the University of Wisconsin-Madison (GSB) has developed banking leaders through a rigorous academic program designed especially for experienced bankers. GSB is sponsored and governed by the Central States Conference of Bankers Associations in partnership with the University of Wisconsin-Madison. By relying on its alumni, Banker Advisory Board and Academic Committee, GSB creates an unparalleled learning and networking experience that has been the school of choice for more than 23,000 bankers.

Led by GSB’s talented and knowledgeable faculty, the 25-month GSB program is held in two week sessions over three summers and features a comprehensive core of relevant bank leadership courses across all areas of banking – finance, technology, marketing, management and more. A wide range of electives allows participants to tailor their educational program. The curriculum is enhanced by FiSim, GSB’s robust bank management simulation, and in-depth intersession assignments that allow students to use learned concepts to improve their own institutions, adding relevance and value.

To apply for consideration of the GSB HR School Scholarship, click here for the application. Apps are due back to SDBA by Friday, Feb. 9, 2024. Contact Halley Lee for questions or clarifications.

Call for Bank Compliance Leader Award Nominations - Due by February 29, 2024

Don't miss out on this fantastic opportunity to recognize an individual who has had a positive impact not only as a compliance leader within the bank, but also on the community and industry as a whole. Make a nomination today!

Recipients will receive:
These winners will receive a plaque and a pin symbolizing the B/A Bank Compliance Leader Award, to be presented at the 2024 American Bankers Association Regulatory Compliance Conference in Seattle, WA, from June 11th to 14th, 2024.

Nomination Requirements (include, but are not limited to):
• Nominee must have at least (5) years of experience in banking compliance.
• Nominee should not hold the position of Bank President, CEO, or Board Director.
• Nominations must be submitted or signed by the bank's president, CEO, board director, member of senior management, their State Bankers Association, or a compliance officer.

Click here for more details and to make your nomination.

Banker Year of Service and Memorials Recognized at Convention

The NDBA/SDBA Annual Convention is the perfect opportunity to come together to network with your colleagues, learn from executive-level presenters, and engage with business partners. In addition, an important part of our annual convention is our annual business meeting. During this meeting, attendees will recognize current Board leadership, participate in the election of SDBA Board leaders and hear updates on the association from SDBA President, Karl Adam. Bankers with 40-50 years of service in banking will also be recognized at this time. To request an award for someone who has been in banking for 40-50 years, please complete the form located at https://sdba.memberclicks.net/service-awards-memorial-service.

The deadline to submit an award to be presented at the 2024 Annual Convention is May 17, 2024. Years of service awards can also be awarded at the bank and can be ordered at any time. Bankers who have passed away since the last Annual Convention (June 2023 in Sioux Falls) will be also remembered during the SDBA’s Annual Business Meeting at the Annual Convention in Fargo, ND, June 3-5, 2024. The deadline to submit a name for the memorial service is also May 17, 2024. This form is also located at the link above. We look forward to seeing you in June, and honoring those who have served the banking industry for many years

ABA’s Nichols outlines regulatory ‘tsunami’ effects on banking sector

At the 2024 Insurance Risk Management Forum in Amelia Island, Florida, yesterday, American Bankers Association President and CEO Rob Nichols discussed the state of the regulatory landscape and how it will affect attendees’ risk management strategies.

Among other things, Nichols addressed the evolving regulatory outlook for the year ahead, summarizing several issues that ABA opposes: the Durbin-Marshall bill; the Section 1071 final rule on small business data collection; the Regulation II proposal; the proposed Basel III “endgame”; administration’s rhetorical “war on fees,” which Nichols called “highly offensive, unjustified and wrong.”

Nichols also shared the running list of issues on which ABA plays offense. For example, ABA supports cannabis banking, crypto supervision, a continued push for oversight of credit unions and multiple initiatives to combat fraud. These priorities and others are reflected in ABA’s 2024 Blueprint for Growth, which outlines the association’s advocacy agenda for the year.

CISA News: New iPhone Security Feature

v17.3 has a new feature called Stolen Device Protection. Click here to read.

QUESTION OF THE WEEK

Q: When are cash-out refinancings reported for HMDA purposes instead of a refinancing?

A: A financial institution reports a covered loan or an application as a cash-out refinancing if it meets the HMDA definition of a “refinancing” and the financial institution considered it to be a cash-out refinancing when processing the Application or setting loan terms. If a financial institution does not distinguish between a cash-out refinancing and a refinancing under its own guidelines, sets the terms of all refinancings without regard to the amount of cash received by the borrower at loan closing or account opening, and does not offer loan products under investor guidelines, it reports all refinancings as refinancings. See: 2023 Guide to Getting It Right (ffiec.gov) (p. 158).

Compliance Alliance offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email [email protected] and ask for our Membership Team.

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