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ICBSD Blog

Our blog features the latest news, updates, and insights from the community banking industry.

Paycheck Protection Program: Summary of Changes 2.0 (January 8, 2021)

January 8, 2021

[vc_row][vc_column width=\”2/3\”][vc_column_text]As the SBA begins implementing the next round of the Paycheck Protection Program authorized by the end of the year stimulus package, we\’ve outlined the changes you need to be aware of in our PPP Summary of Changes 2.0 document. As always, if you have any questions please let us know![/vc_column_text][/vc_column][vc_column width=\”1/3\”][vc_btn title=\”Download Summary […]

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Interim Final Rule on Second Draw Loans

January 8, 2021

[vc_row][vc_column width=\”2/3\”][vc_column_text]SMALL BUSINESS ADMINISTRATION 13 CFR Parts 120 and 121 Docket No. SBA-2021-0002 RIN 3245-AH63 Business Loan Program Temporary Changes; Paycheck Protection Program Second Draw Loans AGENCY: U.S. Small Business Administration. ACTION: Interim final rule.[/vc_column_text][/vc_column][vc_column width=\”1/3\”][vc_empty_space height=\”50px\”][vc_btn title=\”Download Now\” color=\”green\” link=\”url:https%3A%2F%2Fwww.icbsd.com%2Fwp-content%2Fuploads%2F2021%2F01%2FPPP-IFR-Second-Draw-Loans-1.6.2021.pdf|target:_blank\”][/vc_column][/vc_row]

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Interim Final Rule on PPP: Amended by Economic Aid Act

January 8, 2021

[vc_row][vc_column width=\”2/3\”][vc_column_text] SMALL BUSINESS ADMINISTRATION 13 CFR Parts 113, 120 and 121 [Docket No. SBA-2021-0001] RIN 3245-AH62 DEPARTMENT OF THE TREASURY RIN 1505-AC74 Business Loan Program Temporary Changes; Paycheck Protection Program as Amended by Economic Aid Act AGENCY: U. S. Small Business Administration; Department of the Treasury. ACTION: Interim final rule [/vc_column_text][/vc_column][vc_column width=\”1/3\”][vc_empty_space height=\”50px\”][vc_empty_space height=\”50px\”][vc_btn […]

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Paycheck Protection Program Guidance

January 8, 2021

[vc_row][vc_column][vc_custom_heading text=\”PPP: Guidance on Accessing Capital for Minority, Underserved, Veteran and Women-Owned Business Concerns\” font_container=\”tag:h2|text_align:center\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text]**The following is information release by the Small Business Administration, 1/6/2021** The Small Business Administration (SBA) is dedicated to helping sustain our nation’s small businesses and to supporting their tens of millions of employees. During these unprecedented times brought on […]

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PPP Changes in Year End Stimulus Bill

December 23, 2020

[vc_row][vc_column width=\”2/3\”][vc_column_text] By now you have heard countless reports of Congress’s passage of a comprehensive relief bill to address the ongoing economic effects of the coronavirus pandemic. The measure includes some much overdue good news for community bankers ready to buckle under the weight of PPP forgiveness efforts. And it casts a framework for continuation […]

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December 14, 2020

[vc_row][vc_column][vc_custom_heading text=”PREPARING TO BANK HEMP AND MARIJUANA IN SOUTH DAKOTA” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal”][vc_column_text]Dixie K. Hieb, Partner, Davenport, Evans, Hurwitz & Smith, LLP Hemp production has been legalized under both Federal and South Dakota law, and to the surprise of many, South Dakota voters recently approved a constitutional amendment legalizing marijuana.  Bankers are already experiencing deposit-opening and loan […]

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December 10, 2020

[vc_row][vc_column][vc_custom_heading text=”ICBA National Director Report” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] By: Emily Hofer, ICBA National Delegate, CFO Merchants State Bank, Freeman I’m sure many of you – like me – are ready to throw away your 2020 calendars and to start a new year! Gone are the simple times of gathering with friends and family to celebrate holidays, […]

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December 10, 2020

[vc_row][vc_column width=”2/3″][vc_custom_heading text=”Meet the New ICBSD Chairman of the Board” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal”][/vc_column][vc_column width=”1/3″][vc_single_image image=”2482″ img_size=””][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] By: Roger Weber, Chairman of the Board, Market President, CorTrust, Bank Sioux Falls Thanks to the pandemic, the year 2020 has proven to our local communities, our great state of South Dakota and our nation the vital role independent community […]

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Megan Olson, ICBSD President and CEO

5 Things I’m Thankful For

December 10, 2020

[vc_row][vc_column][vc_custom_heading text=”5 Things I’m Grateful For” font_container=”tag:h2|text_align:center” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] By: Megan Olson, ICBSD President & CEO In the spirit of the season, it is easy to think of all the things we are thankful for: a roof over our heads, food on the table, our health and the health of our friends and family, and the […]

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Megan Olson, ICBSD President and CEO

5 Things I\’m Thankful For

December 10, 2020

[vc_row][vc_column][vc_custom_heading text=\”5 Things I\’m Grateful For\” font_container=\”tag:h2|text_align:center\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] By: Megan Olson, ICBSD President & CEO In the spirit of the season, it is easy to think of all the things we are thankful for: a roof over our heads, food on the table, our health and the health of our friends and family, and the […]

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