Posted on
2017 Brings Changes

I hope this message finds you all enjoying a happy and prosperous 2017. This is our first newsletter for 2017 and you likely already noticed from the cover page and cover story that we’ve implemented some changes at ICBND this year.  Effective January 1, 2017, the division of ICBND formerly known as ICB Purchasing Exchange has adopted a new tradename – ICB Marketing Solutions.

For more...

Posted on

As I write this, we’re in the midst of our first snow event of the season so I guess winter is officially upon us. While it seems like it’s been awhile since we had snow, the novelty of shoveling and plowing has already worn off.  Not a great sign.  My wife has also informed me that our older dog has again exercised her apparent right to move her bathroom indoors!  Also, not a great sign.

Speaking of seasons, how about that election season! I know we’re all glad it’s over, but it really was something to watch unfold.  At the national level, public pollsters and election models just absolutely missed it.  Republicans not only won the presidency, but also held a majority in the US Senate (which was somewhat unexpected) and lost many fewer seats in the US House than anticipated.

For more...

Posted on

As the father of three grown daughters, I understand the impact of reinforcement. As the youngest in my own family, my wife would probably say I need excessive reinforcement. I say she’s lucky! And, the latest Wells Fargo scandal has given regulators, particularly the CFPB, a boatload of reinforcement. Wells created over 2 million bogus accounts without customers’ knowledge. 5300 employees have been fired. Apparently rogue employees who conjured these schemes up themselves! Seems doubtful. The result so far - $185 million in fines and penalties, a trip to the US Senate Banking Committee woodshed, and the announcement of an investigation by the US House Financial Services Committee. I have a sense the final shoe has not dropped. I can only imagine there are a number of uncomfortable discussions being held behind closed doors at other mega-bank headquarters. My guess is the probes are just beginning. If it seems like I’m picking on Wells Fargo, I am. I don’t represent them.

For more...

As I write this, we are in the home stretch of preparation for the 49th Annual ICBND Convention and Exhibition. It’s fun to be part of the “buzz” around the office as the staff of your association works hard to make this a premier event and a special occasion for our members. If you’ve not already registered, please do so! It promises to be fun and informative as we’ve assembled a quality lineup of educational and networking events along with our outstanding associate member exhibits.

On the regulatory front, we’re pleased to announce that a small contingent of ICBND member bankers will be meeting with Senator Heitkamp and CFPB Director Richard Cordray on August 10th in Bismarck. This is a great opportunity to share with Director Cordray the challenges of independent community banking in rural America under an increasingly burdensome regulatory regime.

For more...

Posted on

Each year as spring approaches I claim with good intention that I’m going to play more golf and even take some lessons. Well, it’s nearly June. I’ve played once. No lessons. Maybe I should take up fishing. Or, possibly just admit that I actually prefer doing yard work and playing hobby farmer. Anyway, I hope you’re doing a better job sticking to your spring resolutions!

Contrary to my golf game, activity at ICBND has been robust since our last newsletter. In late April, ICBND member bankers converged on Washington DC along with community bankers from across the nation for the 2016 ICBA Washington Policy Summit. This annual trek is to directly lobby our Congressional delegation and regulators addressing the major issues affecting community banking in our state. Our message focused on regulatory relief, system-wide data security standards, a level playing field with tax advantaged credit unions and Farm Credit, and certainty within the farm and rural safety net, particularly in this challenging ag market. Election year dynamics however, will prove challenging for any significant regulatory relief before November.

For more...

Posted on

Just in case you think your advocacy voice is never heard, I’m here to tell you it is! Bear with me and I’ll explain.

Last week, the CFPB released its interim final rule easing mortgage restrictions on many small creditors by expanding the number of community banks eligible for escrow and balloon loan exemptions. This resulted from community banking relief provisions in the recently passed Highway Bill.

So, effective March 31, 2016, any small creditor (in our case, community banks having $2 billion or less in assets who originate fewer than 2,000 loans per year including portfolio loans) that makes a SINGLE loan in a rural or underserved area in the previous year can receive; (1) the portfolio balloon loan exception (including Qualified Mortgage safe harbor status) and (2) the higher priced loan escrow exemption for rural lenders. This is a big deal for ICBND members as community banks were only eligible for these exemptions previously if they operated “PREDOMINANTLY” (meaning more than 50% of mortgage loans) in rural or underserved areas.

For more...

Posted on

I hope this edition of Community Banker finds you enjoying a healthy and prosperous New Year. Before delving into the exciting things ahead of us in 2016, let’s look back a bit at what transpired since our last edition. In December, community bankers gained some regulatory relief through signage of the Highway Bill, of all things. Dogged advocacy by community bankers and community banking trade associations exempted community banks from burdensome regulations like Fed dividend cuts and redundant privacy notices while expanding exam cycles for certain highly rated banks and restoring cuts in crop insurance programs.

While we hoped for more expansive regulatory relief in 2015, the community banking provisions in the Highway Bill are a start. With 2016 being an election year, additional meaningful relief will be challenging, but we will continue to chip away at this regulatory behemoth.

For more...

Posted on

It’s hard to believe, but we’re already in the midst of the holiday season and 2016 is within arm’s reach. Rather than lament about the passing of time, I’d rather take some time and reflect on ICBND activities this past year.

I’m happy to say that your association had a very successful 2015. The 64th North Dakota Legislative Session consumed much of our attention the first several months of the year. ICBND members fared well this past session including property and income tax relief along with ICBND-sponsored legislation changing the Good Funds Law to specifically allow funding flexibility at closing for certain real property transactions. While the state session adjourned in the spring, our advocacy work is never done enhancing the political presence, influence and reputation of independent community banking at the local, state and national levels.

For more...

Posted on

One of the many classic quotes from the late Yogi Berra was - “you can see a lot just by observing”. Well, I’ve seen it all now. Not really, but let me explain. The end of October marks my first full year serving as your association president. It’s been my pleasure. So, I’ve now pretty much experienced first-hand a full annual cycle of ICBND activities, sessions and events including the 64th Assembly of the North Dakota Legislature. I’m proud of the work we do and the trust our members place in us to provide quality and timely products, services and advocacy. There’s always room to improve and that remains our focus moving forward.

For more...

Posted on

It’s hard to believe July is nearly over. It’s been a very busy spring and summer at ICBND and it’s been my pleasure to witness firsthand some of the fabulous education and development programs that were established before my time as your association president. The Emerging Leaders summer conference in Fargo included a tremendous program with Steve Scheel delivering the keynote address along with a tour of Scheels corporate campus. The success of the Scheels organization is rooted in customer service, understanding customers’ wants and needs, teamwork, and accountability. It reminded me very much of the independent community bankers in our state. The talent, enthusiasm and camaraderie of the Emerging Leaders group is impressive and infectious. It’s not too late to get involved in Emerging Leaders for 2015 as the fall session in Riverdale on September 18 is sure to be another great event.

Posted on

The 2015 ICBA Washington Policy Summit was held the last week of April in DC, and it was my first time attending the event.  With our North Dakota contingent of 21, it was a great opportunity to network with nearly 1,000 other community bankers and industry advocates from around the country.  Congressional leaders, including Senator Richard Shelby, Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and regulatory agency heads provided informative and timely presentations as well.  As always, the ICBA did a fabulous job hosting the event and ensuring that attendees were prepared with the appropriate messaging and materials.  I felt a sense of cautious optimism during the event that maybe, just maybe, independent community bankers might get some regulatory relief in this 114th Congress.   I want to thank those of you who attended this year and I’m already looking forward to next year’s summit.  I hope you as bank members consider attending or having someone from your bank attend to once again advocate exclusively for independent community banks.

Posted on

Spring is in the air! I love this time of year because I know good things are just around the corner. Long days of warm sunshine, trees blossoming, green grass, and kids playing outside. I had a similar feeling of optimism in early March while attending the ICBA National Convention in Orlando with nearly 3,000 members of the independent community banking industry. It was a very impressive and uplifting event and North Dakota was well represented with nearly 50 bankers attending. Despite the current regulatory and policy burdens that have been unduly placed on community bankers, I could sense a passion and optimism for the future of our industry.

Posted on

2015 is off and running! On January 6th, North Dakota convened its 64th Legislative Assembly. That same week, ICBND held its Legislative Reception at the beautiful new Heritage Center. We were pleased to welcome over 400 people through the doors despite some very inclement weather that evening. It was a terrific event and I thank those of you who were able to attend. For more information about the reception, see pages 15 and 16 in the January/February issue of the Community Banker.

The state legislative session has now kicked into high gear and we've been diligent in our advocacy efforts. We're following about 50 bills thus far that have varying degrees of effect to community banking, but overall banking-related issues during this session have been somewhat quiet. Human trafficking bills and "surge/ jumpstart" funding proposals, on the other hand, have been more high profile. By early-February, budget issues including tax relief proposals for the biennium will dominate the discussion. It's a whole new ballgame given the recent freefall in oil prices. As I write this column, WTI crude oil prices are hovering around $46 per barrel. That's about half what they were on October 1 of 2014 and over $20 lower than the day Governor Dalrymple delivered his 2015-2017 budget address. Oh, how things change! These dynamics will certainly consume this session and will undoubtedly affect our communities. I encourage you to stay involved in the political process. You may not think it matters, but it does.

Posted on

Hello ICBND members and associate members! I have now been your association president for about a month. It has been a truly refreshing experience, albeit a bit overwhelming as it's been over 20 years since I've been directly involved in your industry. To say much has changed in community banking would be quite an understatement! Recent bank visits and attending the Eide Bailly Bankers Seminar have helped to reacquaint me with some old friends, meet lots of bankers, and bring me partially up to speed on the issues affecting our industry.

For those of you that I've had the pleasure to meet, I thank you for the warm welcome. For those I have yet to meet, I look forward to learning more about you and your business. To all of you, I appreciate your confidence in me as your new president. I am committed to furthering the cause of community banking through effective and efficient leadership of ICBND.

Posted on
Capitol Hill Item 1

Senator Heidi Heitkamp (D) 

United States Senate 
SD
G55 Dirksen Senate Office Building
 Washington DC 20510

Phone 
(202) 224-2043
Fax (202) 224-7776

Website 
 

Senator John Hoeven (R) 

United States Senate

120 Russell Senate Office Building 
Washington DC 20510

Phone 
(202) 224-2551 | Bismarck (701) 250-4618
Fax (202) 224-7999 | 
Bismark (701) 250-4484
Website 
 

Congressman Kevin Cramer (R)

House of Representatives

1032 Longworth House Office Building 
Washington DC 20515

Phone 
(202) 225-2611
Website

.

Posted on
Item 2

Aenean pretium dolor id libero tincidunt scelerisque. Phasellus fermentum ante velit, in ornare lorem egestas quis. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Praesent vitae massa sit amet diam dictum tincidunt in sed mi. Quisque molestie diam in arcu adipiscing, a aliquam mi mattis. Integer auctor rhoncus nibh vel mattis. Sed et accumsan lorem. Etiam id varius lorem. Etiam eu vulputate dui, quis suscipit leo. Nunc facilisis erat sed justo dictum malesuada. Praesent feugiat ligula adipiscing nunc iaculis, a hendrerit diam consequat.

Vivamus viverra ligula eu suscipit lobortis. Vestibulum eleifend mollis dolor sit amet ornare. Suspendisse potenti. Pellentesque at suscipit elit. Proin quis orci in orci cursus aliquam quis quis sapien. Nam bibendum ultricies viverra. Aliquam iaculis pellentesque nisi a vestibulum. Nunc adipiscing turpis nibh, at ornare sapien rhoncus quis. Fusce sed blandit nulla, in tempor mauris. Aenean quis velit quis dui pellentesque interdum malesuada et quam. Curabitur accumsan mollis odio, et dictum elit vulputate quis. Praesent pulvinar odio dapibus, pharetra nisl ut, rutrum metus.

Sed venenatis metus nec neque porttitor, nec consequat lorem placerat. Ut lorem dolor, auctor quis porttitor et, consectetur at ipsum. Maecenas eleifend risus velit, vel tempus massa viverra at. Mauris ipsum elit, luctus vitae iaculis eget, malesuada ultrices lectus. Pellentesque eget vulputate ante. Nunc ultrices volutpat nulla et blandit. Quisque posuere nisi vel sem ultricies accumsan. Maecenas accumsan sapien eu nulla adipiscing rutrum. Suspendisse hendrerit augue sit amet porttitor accumsan. Donec non gravida tellus. Praesent consequat, lorem a faucibus molestie, lorem arcu tempus lectus, at bibendum nibh purus sed libero. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Proin ut urna vitae neque dapibus malesuada et in libero. Sed ante orci, tempus hendrerit pharetra et, vestibulum sollicitudin est. Aliquam erat volutpat. Vivamus vestibulum eros lobortis nisl aliquet mollis.

Nullam pharetra magna tempor, mattis sapien vitae, imperdiet turpis. Ut risus augue, pulvinar vel tempor quis, posuere vitae ante. Curabitur ac vehicula nunc. Mauris tortor sem, tempor at commodo eget, facilisis sit amet tellus. Nullam pulvinar nisl sit amet libero euismod fringilla. Suspendisse vulputate, lorem ac rutrum dapibus, nunc sem vestibulum ante, sed ultrices odio ante nec massa. Sed accumsan odio ut libero dignissim sollicitudin. Nam id lacus ut urna hendrerit viverra vitae in sapien. Nulla semper urna eget vulputate adipiscing. In vehicula porta augue sed dignissim.

Posted on
Jan/Feb Issue

Aenean pretium dolor id libero tincidunt scelerisque. Phasellus fermentum ante velit, in ornare lorem egestas quis. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Praesent vitae massa sit amet diam dictum tincidunt in sed mi. Quisque molestie diam in arcu adipiscing, a aliquam mi mattis. Integer auctor rhoncus nibh vel mattis. Sed et accumsan lorem. Etiam id varius lorem. Etiam eu vulputate dui, quis suscipit leo. Nunc facilisis erat sed justo dictum malesuada. Praesent feugiat ligula adipiscing nunc iaculis, a hendrerit diam consequat.

Endorsed Members