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ICBSD Blog

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

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) […]

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 […]

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 […]

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 […]

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 […]

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 […]

Covid-19: Government Resources

March 30, 2020

[vc_row][vc_column][vc_custom_heading text=\”Covid-19: Government Resources \” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]As issues and concerns around Coronavirus/COVID-19 unfold daily, employers must prepare to address the threat as it relates to the health and safety of their workforce. Keep up to date with the latest available information from the following government resources: U.S. Department of Labor COVID-19 Resources Pandemic Preparedness in the Workplace and […]

OCC Covid 19 Teleconference

March 30, 2020

[vc_row][vc_column][vc_custom_heading text=\”OCC Hosts Mutual Savings Association Advisory Committee Meeting April 21 Via Teleconference\” 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] News Release | NR 2020-44 March 30, 2020 WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced it will host a public meeting of the Mutual Savings Association Advisory Committee (MSAAC) on Tuesday, April 21, 2020, via teleconference. The teleconference […]

Insured Deposits are Safe at Your Local Independent Community Bank

March 23, 2020

[vc_row][vc_column][vc_single_image image=\”3734\” img_size=\”1900 X 700\” alignment=\”center\”][vc_custom_heading text=\”Insured Deposits are Safe at Your Local Independent Community Bank\” 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]Watertown, SD (March 26, 2020) — The Independent Community Bankers of America® (ICBA) and the Independent Community Bankers of South Dakota today reminded consumers and community banking customers that their insured deposits are safe and backed by the […]

FFIEC Highlights Pandemic Preparedness Guidance

March 10, 2020

[vc_row][vc_column][vc_custom_heading text=\”FFIEC Highlights Pandemic Preparedness Guidance \” 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]The Federal Financial Institutions Examination Council (FFIEC) today updated guidance identifying actions that financial institutions should take to minimize the potential adverse effects of a pandemic. Pandemic preparedness is an important part of a financial institution’s business continuity planning. The guidance provides the Council’s prudent expectations that […]