SDBA eNews

March 23, 2023

SDBA Seeking Candidates for 2023 Board Elections

Elections for the SDBA’s Board of Directors are scheduled for April. Three seats are up for election: Group IV, Mid-Size Community Bank, and Community Bank.

The Group IV seat is currently held by Terry Fitzke, BankWest, Pierre, who was appointed to fill a vacancy in 2022 and is eligible to run for a full, three-year term. The Mid-Size Community Bank seat is currently held by Craig Davis, First National Bank, Pierre, who has fulfilled his term. The Community Bank seat is currently held by Pete Mehlhaff, Great Plains Bank, Aberdeen, who has fulfilled his term.

If you are interested in running for one of the Board seats, please contact one of the nominating committee members by April 5, 2023. Please also submit a short bio and headshot photo for the voting ballot to Haley Juhnke at [email protected] Newly-elected SDBA Board members will take office on May 1, 2023, and serve a three-year term expiring April 30, 2026.

Nominations Open for ABA Emerging Leader Awards

The ABA Emerging Leader Awards identify and recognize the next generation of bank leaders who are committed to the highest standards of achievement and service to the industry and their communities. Developing and guiding future leaders is critical to our industry’s success, as today’s emerging leaders are tomorrow’s decision-makers. 

If you or someone you know exhibits banking leadership characteristics including steadfast dedication, inventiveness, and integrity, click here to learn more! Entry period ends Friday, June 30, 2023.

SD Bankers Foundation Named Scholarships Application Deadline March 31

The South Dakota Bankers Foundation annually offers five named scholarships awarded directly to students attending a South Dakota college who are pursuing a career in banking or finance. Applicants must be in their junior year, entering their senior year of college during the 2023-2024 school year. Please refer to your academic handbook if you need clarification for junior/senior credit qualifications. 

  • $4,000 Alan M. Graff Scholarship
  • $3,000 David S. Birkeland Scholarship
  • 3,000 Herman Lerdal Scholarship
  • $3,000 Joyce Hazeltine Scholarship
  • $1,500 Deb Gates Scholarship

The deadline to apply is March 31, 2023. The SDBA also provides a poster if banks would like to help promote the scholarships. 

For more information on South Dakota Bankers Foundation scholarships, contact Foundation Executive Director Halley Lee.

GSB Scholarships Available

The South Dakota Bankers Association is pleased to offer scholarship opportunities to its member bankers through the Herbert V. Prochnow Educational Foundation, a supporting organization to the Graduate School of Banking at the University of Wisconsin – Madison. The GSB Prochnow Foundation offers more than $175,000 dollars in scholarships every year to bankers who want to improve their careers and organizations through education.

Scholarships are distributed through the SDBA for the Graduate School of Banking and the GSB Human Resource Management School.

Apply today for a scholarship to attend a program at the nation’s leading and most progressive banking school. For details, contact Halley Lee at the South Dakota Bankers Association at [email protected].

RMA to Host 'Cash Flow Analysis II: Applied Concepts' Course in Sioux Falls

The Risk Management Association is hosting a Cash Flow Analysis II: Applied Concepts course in Sioux Falls on April 26-27, 2023.

Gain more understanding of how to effectively review a loan request by linking financial analysis and cash flow analysis to industry, business, and management risk issues.

Course Objectives:

  • Assess Borrower performance through analysis of financial statements.
  • Construct and analyze historic and projected cash flow statements.
  • Identify and analyze the financial impact of management decisions and of business and competitive factors on loan repayment from cash flow.
  • Use the results of qualitative and quantitative analysis to make appropriate credit decisions.

Find more information and register here

SBS CyberSecurity Hacker Hour: 3 Critical Components of Vendor Management

Join Nick Podhradsky and his guest, Laura Zannucci, ISO and Senior Information Security Consultant at SBS, for an engaging discussion on the three critical components of vendor management - vendor classification/risk assessment, vendor reviews, and vendor monitoring. During this webinar, you'll learn how to establish a successful vendor management program for your organization, including tips on evaluating potential vendors, assessing current vendors, and the importance of ongoing monitoring of vendor performance.

Don't miss out on this opportunity to gain valuable insights into the world of vendor management.

Can't join the live webinar? That's ok! Register to attend and they will email you the webinar recording.

CISA News: Scams Around the Recent Banking Situation

You should be well aware that any sort of significant news item, brings out the scammers in hordes. Natural disasters, healthcare, political issues, entertainment, etc.  Here’s an article regarding scams around the recent banking situation.

Scams including phishing, business email compromise, malicious domain registrations. Some of the domain examples include: 

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Q: We sent a notice of incompleteness to a customer and one of the items they need more time to get this info. It is permissible to provide another notice of incompleteness (“NOI”) to extend the current NOI deadline for a later date? 

A: Yes, that is permissible. There is no restriction in Regulation B against extending the time period and sending a second NOI. If an applicant has not responded to the NOI by the time of its expiration then you have no further obligation under Regulation B but you could choose to extend this period and grant the applicant more time to supply your requested information. 

Compliance Alliance offers a comprehensive suite of compliance management solutions. To learn how to put them to work for your bank, call (888) 353-3933 or email [email protected] and ask for our Membership Team.

For timely compliance updates, subscribe to Bankers Alliance’s email newsletters.

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Contact the SDBA at 605.224.1653 or via email.