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ICBSD Blog
Our blog features the latest news, updates, and insights from the community banking industry.
Their headquarters is located in Freeman, with branch locations in Hurley, Viborg and Irene. Employees: 32 Merchants State Bank was charted in 1899, and was purchased by Harris Hofer in 1968. Their CFO (and ICBSD Board Member, and ICBA Federal Delegate) Emily Hofer is the third generation of the Hofer family to be part of […]
Read MoreRivers Edge Bank, \”If you row someone across the river, you will get there yourself.\” Their headquarters is located in Marion, with branch locations in Bridgewater, Canova, Hawarden (Iowa), Howard, Marion and Parker Employees: 36, all of which are locals. Their roots run deep in their local communities, in some cases, over 100 years deep! […]
Read MoreNot so long ago, a wildly popular variety of government agency bonds was struggling to get to market fast enough to meet investor demand. Chances are your community bank owned some, or a lot, of these bonds, known as “step-ups.” Lately, the ever-changing dynamics of supply and demand have made the build-out more difficult and […]
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S-Corp Banks Be Heard on Tax Reform ICBSD joins the Independent Community Bankers of American in calling on Subchapter S community banks to make their voices heard as Congress debates comprehensive tax reform. ICBA\’s Be Heard grassroots action center allows community bankers to tell Congress to ensure the maximum 25 percent tax rate is available to the […]
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Call Your Senator to Protect Subchapter S Banks The Senate’s proposed tax reform bill fails to Subchapter S community banks into closer tax parity with C corporations. As a constituent in a key battleground state, please urge your senators to address this issue. The proposal would reduce the top rate on C corporations to 20 […]
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Background The credit union model has become outdated, and its charter, purpose and tax – exempt status should be reviewed by Congress. Credit unions were chartered by Congress to enable people of small means with a “common bond” to pool their resources to meet their basic deposit, savings and borrowing needs. While some credit unions […]
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January 24, 2018 The Honorable Mitch McConnell The Honorable Charles E. Schumer Majority Leader […]
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Three locations: Ft. Pierre, Draper and Presho Draper State Bank was founded on June 25, 1906 Dakota Prairie Bank is a third-generation, family-owned bank that has survived the obstacles of the past century, including the Great Depression. They have twenty-two employees. Community involvement is their priority! Every Halloween, they host a community event called \”Truck […]
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Background The credit union model has become outdated, and its charter, purpose and tax – exempt status should be reviewed by Congress. Credit unions were chartered by Congress to enable people of small means with a “common bond” to pool their resources to meet their basic deposit, savings and borrowing needs. While some credit unions […]
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(Mitchell, SD) – Independent Community Bankers of South Dakota (ICBSD) is pleased to announce the hiring of Megan Olson as its new President and CEO. Olson will replace Greg McCurry the current President and CEO. “We are very lucky to have Megan join our team” says Hugh Bartels, ICBSD Chairman and Director of Reliabank Dakota […]
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