Indian Ag Finance Roundtable to Take Place in Rapid City

The South Dakota Indian Business Alliance will present the Indian Agriculture Finance Roundtable on Oct. 26 in Rapid City at the Best Western Ramkota. 

The event will explore innovative solutions that are supporting tribal members as they start or grow their ag operations. Discussion topics will include: the Keepseagle V. Vilsack settlement and the new Native American Agriculture Fund, utilizing tribal courts and the Uniform Commercial Code, and Native American farmer and rancher lending success stories.

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Podcast: A Rural Ag Bank Dodges the Consolidation Trend

Peg Scott is a family farmer who joined Union State Bank a couple years out of high school as a teller and went on to hold virtually every role in the bank. When the bank’s owners were looking to sell, she and her husband got a group of investors together, bought the bank and kept it local in Greenfield, Iowa. “People who have no money buy things all the time,” she recalls telling her husband jokingly. “Let’s see what we can do.”

On the latest episode of the ABA Banking Journal Podcast, Scott--who is also chairman of the Iowa Bankers Association--discusses how she teamed up with investors in her community to keep Union State Bank independent and provides advice for community bankers seeking to follow the same path. She also discusses:

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New Report to Help Banks Prepare for Upcoming Exams

The Coalition of Bankers Associations has released the first Bank Exam Monitor, Insights on Recent Examinations report created by its Regulatory Feedback Initiative strategic partners at FinPro.

"Regulatory examinations continue to be tilted toward liquidity risk with stress testing, interest rate risk with a flattening yield curve, asset quality concerns in a highly competitive environment, and corporate governance," said Scott Polakoff, executive vice president, FinPro. "The examiners persist in their apprehension with the length of this economic expansion and the possibility of a downturn over the next 12 to 24 months.  Strategic planning remains the roadmap to planned performance, and the examiners expect to see quarterly assessments of actual to budget results documented in Board of Director minutes."

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U.S. Bank to Receive Community Commitment Award

The ABA Foundation has recognized six banks for their outstanding commitment to their communities, including U.S. Bank for affordable housing.

The ABA Community Commitment Awards--to be presented on Oct. 23 during ABA’s Annual Convention in New York--are given in six categories to honor innovative, high-impact bank programs and projects that produce lasting results in the communities they serve. Categories are: affordable housing, community and economic development, economic inclusion, financial education, protecting older Americans and volunteerism. 

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SDBA's First Women in Banking Conference a Huge Success

photo of conference attendeesThe SDBA's Lead Strong: Women in Banking Conference held Tuesday in Sioux Falls was a huge success with more than 230 women from across the state in attendance.

"Thank you for such an AMAZING event," commented Angela McCoy, American Bank & Trust, Sioux Falls. "Each speaker was so inspiring! One of the best conferences I have attended!"

"This was the most start-to-finish captivating conference I have been to in years," said Joan Larson with Richland Loan Processing Center in Sioux Falls. 

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Abbie Ranschau Wins SDBA Communications Survey Giveaway

Photo of Abbie RanschauAbbie Ranschau, a trust and wealth advisor with Dacotah Bank in Sioux Falls, was the winner of the SDBA's communications survey giveaway of a $100 Visa gift card.

The SDBA last month conducted a survey of its members to learn their thoughts on the SDBanker Magazine and member communications. The SDBA wanted to know what readers like and dislike about the monthly magazine, in what format they read the magazine, how often they would like to receive the magazine, and how they prefer to get their information from the Association.

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SDSU Extension to Hold Ag Lenders Conference

Agriculture lenders are invited to attend an Ag Lenders Conference hosted by SDSU Extension in Watertown on Oct. 17 and Sioux Falls on Oct. 19.

Topics include best use tax analysis, farm stress survey, weather/climate outlook, macroeconomic outlook, crop market outlook and value-at-risk marketing tool, FSA update and crop budgets, and livestock market outlook. 

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Land O'Lakes, Amazon Execs to Keynote ABA Ag Conference

Beth Ford, president and CEO of Land O’Lakes--the nation’s third-largest agricultural cooperative--will be a keynote speaker at ABA’s National Agricultural Bankers Conference, Nov. 11-14 in Omaha, Neb. Also keynoting the conference will be Cameron Holbrook, head of agtech at Amazon Web Services; former USDA Chief Economist Joseph Glauber; and Kansas State University biosecurity professor Stephen Higgs.

The conference will also feature more than 35 concurrent sessions covering commodity outlooks, succession planning on the farm, regulator perspectives on ag lending and how technology is changing ag and ag finance. The deadline to reserve hotel rooms at the discounted rate is Oct. 12. Register now

SDBA Seeks Feedback on SDBanker Magazine, Member Communications

The SDBA would like to learn your thoughts on the SDBanker Magazine and our member communications.

Published monthly by the SDBA, SDBanker Magazine is dedicated to enhancing the state's banking profession by providing useful and timely information on important events and trends in the banking industry. The SDBA wants to know what readers like and dislike about the monthly magazine, in what format they read the magazine, how often they would like to receive the magazine, and how they prefer to get their information from the Association.

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New Deputy Director at South Dakota Division of Banking

Michael Dummer has been named the new deputy director at the South Dakota Division of Banking.

Dummer replaces Deputy Director John Crompton, who retired Aug. 1 after more than 30 years of dedicated service to the department.

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Large Numbers to Attend SDBA's First Women in Banking Conference

Lead Strong: Women in BankingMore than 200 people are registered to attend the SDBA's Lead Strong: Women in Banking Conference on Oct. 2 in Sioux Falls at the Hilton Garden Inn South. 

The SDBA's first one-day conference for women in banking is designed to encourage, support and inspire women to succeed in the workplace. The event will benefit all levels of staff interested in the enhancement and career growth of women in South Dakota banking. 

Due to space restrictions at the venue, the SDBA will have to cap registrations at 230 attendees. While seats still remain, the SDBA encourages those still interested in attending who haven't yet registered to register as soon as possible. Learn more and register. Questions, contact the SDBA at 605.224.1653.

MetaBank Employee Named to CFPB's All-New Community Bank Advisory Council

Jeanni StahlThe Consumer Financial Protection Bureau last Friday announced the appointment of all-new panels on its advisory boards, including the Community Bank Advisory Council (CBAC). 

Jeanni Stahl, senior vice president and chief risk officer at MetaBank in Sioux Falls, was one of seven appointments to the CBAC board. Stahl has more than 25 years of financial services industry experience in roles in both business development and risk management. At MetaBank, she has responsibilities for overseeing a large network of innovative payment and lending products offered through nationwide delivery channels. She worked as a senior bank examiner at the FDIC for eight years examining banks throughout South Dakota, Minnesota and Iowa. She then served in leadership roles at two Midwest financial institutions before joining MetaBank in 2009. Stahl regularly speaks at industry payments conferences on third-party risk management and compliance. 

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Fall Financial Education Opportunities

The start of a new school year is a great time for your bank to get engaged with the youth in its community—and the ABA has two easy ways for you to do so. Get Smart About Credit and Lights, Camera, Save! are programs that challenge teens to expand their financial capabilities in fun, interactive ways.

Looking for an out-of-the-box way to encourage teens to be savvy with their money? Register to be a local host for this year’s Lights, Camera, Save! contest that encourages teens to use video to communicate the value of sound money management. 

Get Smart About Credit is a volunteer opportunity for bankers to raise awareness about the importance of using credit wisely—with presentation guides on identity protection, money management, paying for college, careers in banking and more. Sign up to attend a free webinar on Thurs., Sept. 13, at noon CDT to learn more about the program, its free resources (available in both English and Spanish) and the new materials on careers in banking.

Advertising Available in 2019 South Dakota Bank Directory

The South Dakota Bankers Association is currently offering advertising in its 2019 South Dakota Bank Directory, which is an indispensable reference tool for financial executives and those conducting business with financial decision makers in South Dakota.

A limited number of full-color ads are available on the directory's tabbed divider pages. Full-page and half-page black-and-white ads are also available in the front section of the directory. The deadline to place an ad is Friday, Sept. 28. Ads are due Oct. 15. More information and the advertising form

Two SDBA Banks, One Associate Member Named 'Best Banks to Work For'

American Banker Magazine on Tuesday published its sixth annual list of the 85 best banks to work for, with two SDBA member banks and one associate member making the list. Dacotah Bank, Aberdeen, was named number 49, and First PREMIER Bank, Sioux Falls, was named number 71. SDBA associate member Bell Bank, Fargo, was number three.

For the banks that made the list, lavishing employees with perks and benefits is part of the culture. These banks’ largesse also extends beyond their employee base. Volunteering in the community and charitable contributions are a cornerstone of their philosophies.

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USDA Announces Details of Assistance for Farmers Impacted by Trade Damage

U.S. Secretary of Agriculture Sonny Perdue on Monday announced details of actions the U.S. Department of Agriculture (USDA) will take to assist farmers in response to trade damage from unjustified retaliation by foreign nations.

President Trump directed Perdue to craft a short-term relief strategy to protect agricultural producers while the Administration works on free, fair and reciprocal trade deals to open more markets in the long run to help American farmers compete globally. USDA will authorize up to $12 billion in programs, consistent with its World Trade Organization obligations.

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Dakota Wesleyan University Set to Launch Trust Management Programs

Dakota Wesleyan University (DWU)  in Mitchell, S.D., has heard from various financial institutions, including experts in the trust management sector, about the crucial void in trained professionals in the trust management field. DWU consulted with industry leaders regarding this need and will now offer the first-ever trust management certification in the United States. 

“The decision for DWU to begin offering this program came after several major banking and financial institutions identified the need for further education and tailored training in the trust management job market,” said Dr. Amy Novak, DWU president.

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Learn About FBI's 'Imminent Threat' Warning

The FBI recently released an alert regarding “Unlimited Operation” attacks increasing against U.S. financial institutions. The Graduate School of Banking of Wisconsin-Madison is offering the hot-topic online seminar "FBI Warns of 'Imminent Threat' to U.S. ATMs" on Tuesday, Aug. 28 at 10 a.m. CDT. 

Since 2016, these types of attacks have cost the U.S. 2.5 million in losses by leveraging stolen card data against an institution whose ATM systems have been compromised. The settings on these systems are altered to bypass the safety controls that limit cash withdrawals.

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Police Warn of Fake $100 Bills in Huron

Huron Police are warning businesses to be on the lookout for fake $100 bills. 

Several weeks ago, the Huron Police Department (HPD) received reports that counterfeit bills were being circulated at local businesses. HPD detectives spent several hours talking to witnesses, interrogating suspects and watching surveillance video, which resulted in an arrest in connection with those reported incidents. The HPD is once again receiving reports of counterfeit $100 bills being passed in town at local businesses.

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SDBA to Host Compliance Alliance Show-and-Tell Session

Based on the needs of community bankers, Compliance Alliance provides its members an all-inclusive set of bank compliance tools and services that help them stay up-to-date with consumer and regulatory requirements. Compliance Alliance is the only banking industry compliance resource that is owned, operated and managed by 30 state bankers associations, including the South Dakota Bankers Association.

The SDBA is hosting a Compliance Alliance show-and-tell session on Thursday, Aug. 23, for those banks interested in viewing the tools and services provided by Compliance Alliance. The session will be held from 1 to 2:30 p.m. at Doral Centre, 101 W. 69th Street in Sioux Falls.

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