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July 21, 2022
2023 Scenes of South Dakota Calendar Photo Submission Deadline Approaching
The SDBA is currently accepting photo submissions for its 2023 Scenes of South Dakota Calendar. The calendar features photos of South Dakota submit...
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July 14, 2022
SDBA Seeking Photos for 2023 Scenes of South Dakota Calendar
The SDBA is currently accepting photo submissions for its 2023 Scenes of South Dakota Calendar. The calendar features photos of South Dakota submitted by South D...
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July 7, 2022
605 Strong Hotline
We have experienced several rough and ugly summer storms, and we likely haven’t seen the last of those. As a reminder, if you or someone you know is experiencing mental anguish due to these tough and cha...
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June 30, 2022
Ag Credit Conference Quickly Approaching
Reminder to register for the SDBA Ag Credit Conference, scheduled for July 20-21 at the Ramkota Hotel and Conference Center in Pierre, S.D. Early bird registration rates end on July ...
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June 23, 2022
ABA report: Farm banks' ag lending ticks up in 2021
Agricultural lending by U.S. farm banks increased 5.5% in 2021 to $99.6 billion, according to the American Bankers Association’s Farm Bank Performance Report. The chang...
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June 9, 2022
ABA Raises Concerns About Digital Asset Regulation Bill
Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) today introduced the Responsible Financial Innovation Act—a bill that would create a regulatory fra...
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June 2, 2022
Memorandum for Remote Work Staff of South Dakota Banks
The Division is providing this guidance to assist bank management with defining remote work conditions and corresponding security protocols. South Dakota bank staff may ...
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May 26, 2022
ABA’s Nichols: Despite economic headwinds, banks are healthy and prepared
While uncertainty surrounds the U.S. economy at present, America’s banks remain healthy and prepared to support the communities they serve, said A...
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May 19, 2022
Message from Bret Afdahl, Director of South Dakota Division of Banking, re: last week's storm damage
Good morning. Many South Dakota communities, businesses, and farms were impacted by last Thursday’s storm, including seve...
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May 12, 2022
Banking groups call for changes to SEC cyber incident reporting proposal
On Monday, American Bankers Association and a coalition of financial services groups called for extensive changes to a proposal by the Securities and E...
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May 5, 2022
Fed Announces 50 Basis Point Rate Hike
In a significant move yesterday, the Federal Reserve announced that it will increase the target range for the federal funds rate to 0.75 to 1%, and signaled that “ongoing increases i...
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April 28, 2022
ABA Launches 'Vote 2022' Website Ahead of Elections
With the 2022 midterm elections approaching, ABA has launched a voter resource center on its Secure American Opportunity grassroots platform. The site is meant to help ba...
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April 21, 2022
ABA names new head of congressional relations and legislative affairs
The American Bankers Association has selected Kirsten Sutton to serve as EVP of congressional relations and legislative affairs. She succeeds James Ball...
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April 14, 2022
Agencies to Host Webinar on Cyber Security Notification Rule
The Federal Reserve, FDIC and OCC will host a joint “Ask the Regulators” webinar on Thursday, April 28 at 1 p.m. CDT on the recently finalized computer secur...
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April 7, 2022
Thune Leads Colleagues in Protecting Ag Industry from Biden’s Radical Environmental Agenda
U.S. Sen. John Thune (R-S.D.) on Wednesday led his colleagues in raising concerns about the Biden administration’s use of the ...
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March 31, 2022
Podcast: Breaking Ground as a Community Bank Chief Diversity Officer
While many larger banks have created “chief diversity officer” roles over the past several years, that role has been more of a rarity at smaller bank...
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March 24, 2022
Podcast: What Banks Need to Know about Russia Sanctions Compliance
In the wake of Russia’s invasion of Ukraine, western governments have imposed unprecedented financial sanctions on individuals, businesses, banks and gov...
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March 17, 2022
Raskin Withdraws Fed Nomination
Sarah Bloom Raskin, President Biden’s nominee to serve as the next vice chairwoman for supervision at the Federal Reserve, withdrew her nomination on Wednesday after failing to secure supp...
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March 10, 2022
Tester: Libor Fix Legislation Is in Must-Pass Spending Bill
A bipartisan, ABA-advocated bill to address “tough legacy” Libor contracts is included in the omnibus spending bill that Congress is expected to pass in the c...
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March 3, 2022
SDBA Seeking Candidates for Board Elections
Elections for the SDBA’s Board of Directors are scheduled for April. Two seats are up for election: Group I and Group III.
The Group I seat is currently held by John McGrath, F...
