Stay connected and up to speed with ICBSD happenings.

ICBSD Blog

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

The CARES Act Has Been Passed—What You Should Know

April 1, 2020

[vc_row][vc_column width=\”2/3\”][vc_cta h2=\” The CARES Act Has Been Passed—What You Should Know\” h2_google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\” color=\”green\” add_button=\”bottom\” btn_title=\”Learn More\” btn_color=\”green\” use_custom_fonts_h2=\”true\” btn_link=\”url:https%3A%2F%2Fwww.eidebailly.com%2Finsights%2Farticles%2F2020%2F3%2Fthe-cares-act-has-been-passed-what-you-should-know%3Futm_medium%3Demail%26utm_campaign%3Dcovid_19%26utm_content%3Dfi||target:%20_blank|\”]The Coronavirus Aid, Relief and Economic Security Act (CARES) was signed into law by the President on March 27, 2020. This comes after moving through various objections to passage in both the Senate and the House […]

Read More

SBA Loan FAQ for Community Banks

April 1, 2020

[vc_row][vc_column width=\”2/3\”][vc_cta h2=\”SBA Loan FAQ for Community Banks\” h2_google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\” color=\”green\” add_button=\”bottom\” btn_title=\”View FAQ\’s\” btn_color=\”success\” use_custom_fonts_h2=\”true\” btn_link=\”url:http%3A%2F%2FSBA%20Loan%20FAQ%20for%20Community%20Banks|||\”] Many businesses are likely to apply for the relief being funneled through the Small Business Administration as part of the recently passed CARES Act. To help community banks understand these new loans, ICBSD Preferred Partner Eide Bailly created an […]

Read More

Detailing the Community Bank Provisions of the CARES Act

March 31, 2020

[vc_row][vc_column][vc_custom_heading text=\”Detailing the Community Bank Provisions of the CARES Act\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]On March 27, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. ICBA succeeded in including a number of provisions that will help community banks sustain critical economic activity with access to credit to struggling small businesses, families, and individuals. Note […]

Read More

Filing and Payment Deadlines Questions and Answers

March 31, 2020

[vc_row][vc_column][vc_custom_heading text=\”Filing and Payment Deadlines Questions and Answers\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column width=\”5/6\”][vc_column_text]In Notice 2020-18 (PDF), the Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency.  Visit the link below for answers to frequently asked questions related to the relief […]

Read More

IRS: Corona Virus Tax Relief

March 31, 2020

[vc_row][vc_column][vc_custom_heading text=\”IRS: Corona Virus Tax Relief \” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus. This page will be updated as new information is available. For other information about the COVID-19 virus, people should visit the Centers for Disease Control and Prevention (CDC) […]

Read More

Essential Business Management Resources

March 30, 2020

[vc_row][vc_column][vc_custom_heading text=\”Essential Business Management Resources\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=\”3787\” img_size=\”\”][vc_column_text]Courtesy of ICBSD Preferred Partner, ICBA, the following guidance from DHS CISA and the US Department of the Treasury identifies financial services sector works as essential critical infrastructure workers during the COVID-19 emergency. Banks are advised by regulators to provide a paper copy of the following documents for […]

Read More

News Release: U.S. Department of Labor

March 30, 2020

[vc_row][vc_column][vc_custom_heading text=\”U.S. Department Of Labor Announces Additional Guidance: Explaining Paid Sick Leave and Expanded Family and Medical Leave Under The Families First Coronavirus Response Act\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] NEWS RELEASE: U.S. Department of Labor | March 26, 2020 WASHINGTON, DC – Today, the U.S. Department of Labor’s Wage and Hour Division (WHD) announced more guidance to provide information […]

Read More

COVID-19: Considerations for Card Issuers

March 30, 2020

[vc_row][vc_column][vc_custom_heading text=\”COVID-19: Considerations for Card Issuers\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=\”3772\” img_size=\”\”][vc_column_text] The following article was written by Tina Giorgio of ICBA Bancard, an ICBSD Preferred Partner. Considering the current environment and how coronavirus has impacted so many facets of the payments industry, I wanted to draw your attention to the following fraud tips from ICBA Bancard’s SVP […]

Read More

Families First Coronavirus Response Act Explained

March 30, 2020

[vc_row][vc_column][vc_custom_heading text=\”Families First Coronavirus Response Act Explained\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column][vc_single_image image=\”3761\” img_size=\”\”][vc_column_text]The following article by ICBSD Preferred Partner Davenport Evans lawyer Kalen K. Biord offers a brief explanation of the Families First Coronavirus Response Act. For more information, view the “Act” via the Congress.gov Families First Coronavirus Response Act webpage or contact Kalen K. Biord at 605-357-1231 or kbiord@dehs.com. Effective Date; Application On […]

Read More

Modifying Loans During COVID-19

March 30, 2020

[vc_row][vc_column][vc_single_image image=\”3761\” img_size=\”\”][vc_column_text]The following article was written by ICBSD Preferred Partner,Davenport Evans lawyer Keith A. Gauer and distributed in the Davenport Evans Banking eNews.  Over the course of the past week, we have learned that many banks are being asked to consider loan modifications, payment deferrals, and other similar accommodations to borrowers impacted by the […]

Read More