SDBA eNews

November 5, 2020

ABA to Host Webinar on Election Results

The results of the presidential election are still up in the air this morning as several large states with narrow margins continue counting absentee and mail-in ballots. The ABA government relations team is preparing a preliminary analysis of how the 2020 elections are likely to affect the banking industry after meaningful results are known. Once available, it will be sent to ABA members in a Daily Newsbytes special edition.

The ABA will also host a free member webinar on Friday, Nov. 6, at 10 a.m. CST covering the 2020 election results and what bankers can expect from the next Congress. Speakers will include ABA President and CEO Rob Nichols, ABA Chief Political Strategist Rob Engstrom and ABA EVP James Ballentine. Register for the webinar

Marijuana Banking Resources Available

With the passage of Amendment A and Initiated Measure 26 legalizing medical and recreational use of marijuana in South Dakota, the SDBA remains committed to supporting its member banks during this transition.

There are several resources available. The SDBA’s webinar partner, On Course Learning, has a variety of on-demand webinars addressing the topic of marijuana. Visit, click on the search option and enter “marijuana”.  Similarly, the ABA provides a wealth of information at

The SDBA will continue to research this issue and keep you apprised of additional resources.  If you have any questions, contact the SDBA at 605.224.1653 or email SDBA President Karlton Adam at [email protected].

SDBA to Hold Virtual Retirement Celebration for Curt Everson

Curt Everson's RetirementPlease join the SDBA in saying thank you to President Curt Everson for  his service to the banking industry. The SDBA will hold a virtual retirement reception for Everson on Tuesday, Nov. 10, at 4-5 p.m. CST. After more than 18 years leading the SDBA on behalf of South Dakota's banking industry, Everson is retiring at the end of this year.

Everson's virtual retirement reception will be held via Zoom. Registration is required to receive the meeting link. Upon clicking the "Register Now" link, you'll be redirected to the SDBA's Zoom registration page. Register now.

Application Available for SD Bankers Foundation Post-Secondary Scholarships

The application for the South Dakota Bankers Foundation's new post-secondary scholarships is now available. SDBA member banks can apply for one of 40, $2,000 scholarships. 

The scholarships must be awarded to South Dakota college juniors/seniors with an expressed interest in banking/financial services or second-year South Dakota technical school students with an expressed interest in banking/financial services. There is no match required by member banks, however banks may choose to supplement the $2,000 scholarship to increase its attractiveness. Recipient banks must award the $2,000 as one scholarship. 

Applications must be submitted through the parent bank, however, scholarships may be awarded through any of the organization's locations. The deadline to apply for a scholarship is Dec. 18. Learn more and apply

Ag Policy Expert Barry Flinchbaugh Dies

Barry FlinchbaughDr. Barry Flinchbaugh, a popular presenter at the SDBA's Agricultural Credit Conference and National Schools for Ag Bankers, passed away on Monday at Stormont Vail Hospital in Topeka, Kan., at the age of 78. Flinchbaugh was a professor emeritus in Kansas State University's Department of Agricultural Economics.

Flinchbaugh's career in agricultural policy at Kansas State University spanned nearly a half-century, and he was well known as one of the United States’ leading experts on agricultural policy and agricultural economics. For more than four decades, he was a top adviser to politicians of both major political parties, including Secretaries of Agriculture, chairs of the House and Senate Ag committees, and numerous senators and state governors.

Flinchbaugh was involved to some degree in every U.S. Farm Bill written since 1968, and served on many national boards, advisory groups and task forces, providing input on domestic food and agricultural policy. He served as the Chairman of the Commission on 21st Century Production Agriculture, which was authorized in the 1996 Federal Activities Inventory Reform (FAIR) Act, also known as the Freedom to Farm Act.

Memorial contributions may be directed to Barry Flinchbaugh Memorial Fund Kansas State University. Arrangements have been entrusted to Carlson's Irvin-Parkview Funeral Home and Cremation. Learn more.

ABA Releases ATM Risk Assessment

The ABA’s Bank Security Committee yesterday released a resource to help evaluate the threats and security measures at existing ATMs as well as new installations. The 24-hour accessibility of most ATMs makes them attractive targets for criminals, and the risk assessment can help banks reduce risks to bank customers and to ATMs.

The new resource was designed to serve as a customizable template and includes general guidelines and factors for evaluating security measures. The risk assessment can be used in conjunction with ABA’s Bank Security Assessment and Robbery Risk Assessment that are part of the Bank Robbery Deterrence Toolbox. Access the risk assessment.  For more information, contact ABA’s Heather Wyson.‌

ABA to Hold DEI Open Forum, Fed Offers Virtual Series

The ABA will host another free open forum on diversity, equity and inclusion in the banking industry on Wednesday, Nov. 18, at noon CST for bankers to discuss current DEI challenges and topics, exchange leading practices and ideas, and learn more about implementing DEI programs and initiatives at individual banks. Register now.

The Federal Reserve Bank of Minneapolis will hold the second installment of "Racism and the Economy," a virtual series focused on understanding the implications of structural racism in America’s economy and advancing actions to improve economic outcomes for all Americans on Tuesday, Nov. 17, at noon CST. The session will focus on issues related to occupational segregation, discriminatory practices and employment law. Learn more and register.

Learn How to Simplify IT Network and Secure Access

Join Marco and Cisco on Thursday, Nov. 12, as they dive into protecting your workforce with simple, secure and intelligent solutions. Learn about the current challenges driving a need for a zero-trust based security model, how Duo Security's zero-trust solution works, and how Duo plus Meraki ensures your enterprise is protected from network to applications. Learn more and register

 Compliance Alliance

Question of the Week

Question: If our bank has a SCRA applicable loan and the loan is delinquent but the delinquency is satisfied after the first notice was sent, is there a time period whereby a new notice does not need to be sent if the loan becomes delinquent again (similar to the 180 days’ timeframe allowed by RESPA)?

Answer: There is not a similar 180-day provision in the Servicemembers Civil Relief Act (SCRA) rule, so it would need to be sent each time.

Military Lending Scenario—Bank ABC has a customer who informed it that he has re-enlisted in the military but is home for a few months before being shipped overseas. The DoD database and his credit report do not show him is active duty. Should ABC Bank follow the guidelines for MLA just on the customer’s word or does it rely on and use the DOD search?

The notification required in subparagraph (A) shall be made-

(i) in a manner approved by the Secretary; and

(ii) before the expiration of the 45-day period beginning on the date on which the failure referred to in such subparagraph occurs.

12 USC §1701x(5)(B):

Not a member? Learn more about membership with Compliance Alliance by attending one of our live demos:

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 and ask for our Membership Team.

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

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Contact Alisa Bousa, SDBA, at 605.224.1653 or via email.