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ICBSD Blog
Our blog features the latest news, updates, and insights from the community banking industry.
[vc_row][vc_column][vc_column_text] Federal Delegate\’s Report By: Emily Hofer, ICBA National Director, Merchants State Bank- Freeman Summer has come and gone. School is back in session. We’ll see for how long! My third quarter column for “the Bottom Line” is usually a recount of the fantastic ICBSD retreat that should have happened in late July in the […]
[vc_row][vc_column][vc_column_text] Federal Delegate\’s Report By: Emily Hofer, ICBA National Director, Merchants State Bank- Freeman Summer has come and gone. School is back in session. We’ll see for how long! My third quarter column for “the Bottom Line” is usually a recount of the fantastic ICBSD retreat that should have happened in late July in the […]
[vc_row][vc_column][vc_column_text] Traditionally September marks the familiar transition from summer to fall, and the welcomed start of another routine school year allowing families to settle back into their normal routines. This September, things are definitely looking different as we all attempt to understand what our new “normal” looks like. Though these times of uncertainty are stressful, […]
[vc_row][vc_column][vc_column_text] The continued development of the internet has put the world at anyone’s fingertips, which has made protecting personal information much more critical. With the constant development of new technology, comes massive innovation, and nonetheless, massive vulnerabilities. Due to these vulnerabilities, breaches and security implications by digital attacks are becoming far too common in today’s […]
[vc_row][vc_column][vc_custom_heading text=\”Home Equity Line of Credit Scams \” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text]Submitted by ICBSD Preferred Partners, Travelers Home Equity Line of Credit (HELOC) scams continue to be a costly and challenging issue for financial institutions. Wire transfer fraud can easily reach millions of dollars, and with advancements in technology, such as online databases for county clerk records, online […]
[vc_row][vc_column][vc_single_image image=\”4272\” img_size=\”1900×700\”][vc_empty_space height=\”15px\”][vc_column_text]The Independent Bankers of South Dakota co-signed the below letter which was sent to Congress this week. In the letter we write to urge Congress to pass the Paycheck Protection Small Business Forgiveness Act as expeditiously as possible. This broadly supported, bipartisan and bicameral legislation would create a presumption of compliance for […]
[vc_row][vc_column][vc_column_text] State Assistance Program Requires Separate Accounts This article was featured in ICBA\’s NewWatch on September 9, 2020. The new Lost Wage Assistance program that state unemployment agencies are administering requires states to use separate bank accounts from what they use for unemployment insurance and Pandemic Unemployment Assistance benefits. Because of this, banks have begun […]
[vc_row][vc_column][vc_custom_heading text=”PPP Forgiveness Platform Now Live ” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal”][vc_column_text]The Small Business Administration’s Paycheck Protection Program forgiveness platform is live and scheduled to begin accepting loan-forgiveness applications and decisions today. An SBA user guide released last week provides details on the timeline, decision process, account management, and more. In a recent procedural notice, the SBA said all PPP Lender Authorizing Officials in […]
[vc_row][vc_column][vc_custom_heading text=\”Pandemic Relief Recommendations State Sign-on Letter\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal\”][vc_column_text]Late last week, ICBA drafted a letter that was sent to Senate Majority Leader McConnell, Senate Minority Leader Schumer, Speaker Pelosi, and House Minority Leader McCarthy on behalf of our community bank members urging Congress to include ICBA’s recommendations in the next legislative package to create relief for […]
[vc_row][vc_column][vc_custom_heading text=\”Should I Test Employee Security Awareness? \” font_container=\”tag:h2|text_align:center\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal\”][vc_column_text]By: Shane Daniel , Senior Information Security Consultant – SBS CyberSecurity, LLC Becoming a Coach If you’ve ever volunteered to coach youth sports – especially T-ball – you’ve probably learned as much as the kids about how to teach and train someone to perform an activity. First lesson of coaching: it involves repetition. When I helped […]