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March 18, 2021
IRS Issues EIP FAQs as Direct Deposits Begin Moving
The IRS announced last Friday that the third round of economic impact payments will begin reaching Americans over the next week.
“Additional batches of payments will b...
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March 11, 2021
House Passes Final Version of COVID-19 Relief Bill
By a vote of 220 to 211 yesterday, the House passed the Senate-amended version of the $1.9 trillion COVID-19 relief bill. The bill now goes to President Biden for signatur...
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March 4, 2021
SBA Adjusts PPP Payroll Calculation for Form 1040, Schedule C Filers
The Small Business Administration yesterday issued an interim final rule implementing recent changes to the Paycheck Protection Program. The IFR allows in...
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February 25, 2021
SDBA Seeking Candidates for 2021 Board Elections
Elections for the SDBA’s Board of Directors are scheduled for April. Three seats are up for election: Group II, Small Community Bank Category, and Large Community &...
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February 18, 2021
Quad States Convention Sponsorship, Advertising Information Available
As we REIMAGINE, REINVENT and REVOLUTIONIZE in A NEW DIRECTION at the 2021 Quad States Convention on June 14-15 at The Monument (former Rushmore Plaz...
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February 11, 2021
South Dakota Banks Make a Difference in Our Communities
The SDBA unveiled the results of its annual South Dakota Banks Make a Difference Survey during the SDBA State Legislative Day held virtually yesterday. Each Janua...
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February 4, 2021
SDBA Seeking Candidates for Vice Chair
Are you interested in becoming an officer of the South Dakota Bankers Association?
SDBA officers include the chair, chair-elect, vice chair and immediate past chair. The SDBA is cu...
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January 28, 2021
Don't Miss Out on SDBA's Virtual State Legislative Day
The SDBA will hold its 2021 State Legislative Day on Wednesday, Feb. 10, virtually via Zoom. This is your opportunity to stay up-to-date on both state and federal le...
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January 21, 2021
SBA Issues FAQs on Revenue Reduction, Loan Calculations for Second-Draw PPP Loans
With the Paycheck Protection Program portal reopening for all lenders Tuesday morning, the Small Business Administration on Tuesday issued...
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January 14, 2021
SBA to Open PPP Portal to Lenders with Less Than $1B in Assets on Friday
The Small Business Administration will open the Paycheck Protection Program portal on Friday to lenders with $1 billion or less in assets to begin ...
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January 7, 2021
SDBA to Hold Virtual Cannabis/Hemp Banking 101 Webinar
With the passage of Amendment A and Initiated Measure 26 legalizing medical and recreational use of marijuana in South Dakota, the SDBA is committed to supporting i...
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December 23, 2020
Congress Approves COVID-19 Relief Bill, Reauthorizes PPP
House and Senate lawmakers late Monday night passed a $900 billion bipartisan coronavirus relief package. President Donald Trump on Tuesday night suggested he mi...
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December 17, 2020
SD Bankers Foundation Scholarship Application Deadline Extended
The application period for the South Dakota Bankers Foundation’s new post-secondary scholarships has been extended to Dec. 31, 2020. SDBA member banks ca...
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December 10, 2020
ABA, State Bankers Associations Call on Congress to Extend TDR Provision
ABA and 51 state bankers associations yesterday called on lawmakers to extend the troubled debt restructuring provisions in the CARES Act that all...
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December 3, 2020
SBA Releases PPP Loan Data; ABA Updates Talking Points and Resources
The Small Business Administration on Tuesday released names, addresses, loan amounts and names of lenders for all Paycheck Protection Program borrowers...
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November 19, 2020
ABA, Trade Groups Call for Halt to PPP Loan Necessity Questionnaires
The ABA on Tuesday joined a broad coalition of groups from various industries in a letter to the Small Business Administration and Treasury Departme...
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November 12, 2020
With Presidential Race Called, ABA Releases 2020 Election Analysis
With major media outlets calling the 2020 presidential election for former Vice President Joe Biden and Sen. Kamala Harris over the weekend, ABA Presid...
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November 5, 2020
ABA to Host Webinar on Election Results
The results of the presidential election are still up in the air this morning as several large states with narrow margins continue counting absentee and mail-in ballots. The ABA g...
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October 29, 2020
SBA Issues Questionnaires to Borrowers for PPP Loans of $2 Million or More
As part of its review of Paycheck Protection Program loans totaling $2 million or more, the Small Business Administration will begin sending loan...
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October 22, 2020
FDIC Provides Temporary Relief for Banks with COVID-Bulked Balance Sheets
For banks that have experienced rapid and possibly short-term inflows of assets and deposits during the coronavirus pandemic, the FDIC on Tuesday ...
