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ICBSD Blog
Our blog features the latest news, updates, and insights from the community banking industry.
Not 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 […]
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 […]
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 […]
Background The credit union model has become outdated, and its charter, purpose and tax – exempt status should be reviewed by Congress.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 […]
January 24, 2018 The Honorable Mitch McConnell The Honorable Charles E. Schumer Majority Leader […]
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 […]
Background The credit union model has become outdated, and its charter, purpose and tax – exempt status should be reviewed by Congress.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 […]
(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 […]
With policymakers in the nation’s capital reconsidering reforms to financial services regulations implemented after the 2008 crisis, South Dakota’s community banks have a lot at stake. While we know that community banks did not contribute to the meltdown on Wall Street, Washington’s response has had a negative impact on community banks ability to serve South Dakota […]
Located in Frederick, SD The bank was chartered in 1882. It is the second oldest bank in the state of South Dakota! They have five employees. They\’ve been in their current location since 1906 President Scott Campbell is the fifth generation to own and operate the bank. One day, he is hopeful his two sons […]