Press Releases

Jodi Eich Named Chairwoman of the Independent Community Bankers of South Dakota

[vc_row][vc_column][vc_custom_heading text=”Jodi Eich Named Chairwoman of the Independent Community Bankers of South Dakota” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal” css=””][vc_column_text css=””]Watertown, SD – July 30, 2024 – The Independent Community Bankers of South Dakota (ICBSD) is pleased to announce the appointment of Jodi Eich as its new Chairwoman. Jodi, Vice Chair and Chief Operating Officer of Rivers Edge Bank, a […]

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FDIC Special Assessment

[vc_row][vc_column][vc_custom_heading text=\”FDIC Special Assessment\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal\”][vc_column_text]ICBSD sent the following letter to Chairman Martin Gruenberg of the FDIC on behalf of South Dakota independent community banks. [/vc_column_text][vc_column_text] The Honorable Martin J. Gruenberg Chairman Federal Deposit Insurance Corporation 550 17th Street NW Washington, DC 20429   Dear Chairman Gruenberg: On behalf of our member community banks across the state

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South Dakota Community Bankers Unite to Defeat Government Mandate

[vc_row][vc_column][vc_column_text]South Dakota Community Bankers Unite to Defeat Government Mandate February 17, 2022 (Watertown, SD) – This week, the Independent Community Bankers of South Dakota and its members successfully defeated Senate Bill 182 titled “Prohibit discriminatory actions against persons engaged with the firearm industry”. Sponsored by special interest groups outside of South Dakota, this bill would

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Bankers Helping Bankers

[vc_row][vc_column][vc_custom_heading text=\”New Exclusive ICBSD Member Benefit: Bankers Helping Bankers\” google_fonts=\”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal\”][vc_column_text]WATERTOWN, SD – JANUARY 7, 2022 – Independent Community Bankers of South Dakota (ICBSD) is pleased to announce its participation with the FedFis and state community banking associations nationwide to offer access to Bankers Helping Bankers to its member banks in South Dakota. Bankers Helping Bankers

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[vc_row][vc_column][vc_custom_heading text=”ICBSD, State Community Banking Groups and ICBA Oppose Saule Omarova’s OCC Nomination” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:700%20bold%20regular%3A700%3Anormal”][vc_column_text] Academic Papers, Public Statements Highlight Professor’s Alarming Policy Positions ICBSD, along with the Independent Community Bankers of America (ICBA) and 40 other ICBA-affiliated state community banking groups, expressed opposition to Cornell University law professor Saule Omarova’s nomination to lead the Office

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[vc_row][vc_column][vc_custom_heading text=”ICBSD’s Josh Hogue and Megan Olson: Now is the Time to Switch to a Community Bank, PPP Assistance & More” font_container=”tag:h3|text_align:center” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal”][vc_column_text]The second round of stimulus money is set to be signed into law today by President Trump.  Josh Hogue, ICBSD Board Member and President at Reliabank, and ICBSD President and CEO Megan Olson

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[vc_row][vc_column][vc_custom_heading text=”ICBSD, ICBA and Fellow Associations Secure Carve Out For Independent Banks in Paycheck Protection Program” google_fonts=”font_family:Montserrat%3Aregular%2C700|font_style:400%20regular%3A400%3Anormal”][vc_column_text]FOR IMMEDIATE RELEASE Additional Funds Dedicated for Community Banks in Round Two of PPP WATERTOWN, S.D. (April 23, 2020) – The Independent Community Bankers of South Dakota (ICBSD), alongside the Independent Community Bankers of America (ICBA), announced today their

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First Dakota helps SD businesses and farms receive $140 million in COVID relief

[vc_row][vc_column][vc_column_text] April 15, 2020, Yankton, S.D. – First Dakota National Bank is playing an important role in securing millions of dollars in low-interest federal loans to hundreds of South Dakota businesses and farms. In its ongoing effort to help employers weather the financial storm caused by COVID, First Dakota has already funded more than $100

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Agencies Announce Changes to the Community Bank Leverage Ratio

[vc_row][vc_column][vc_custom_heading text=\”Agencies Announce Changes to the Community Bank Leverage Ratio\” 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 – April 06, 2020 Agencies Announce Changes to the Community Bank Leverage Ratio The federal bank regulatory agencies today announced the issuance of two interim final rules to provide temporary relief to community banking organizations. The agencies are acting to implement Section

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Insured Deposits are Safe at Your Local Independent Community Bank

[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

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