by dehs | Apr 12, 2021 | Financial Institutions, Recent News
Despite COVID, some interesting discussions on use of federal funds to fight COVID, and some splits in the majority party over certain issues, the 2021 Legislature was generally positive for banks and trust companies. For trust companies and bank trust departments,... 
by dehs | Mar 1, 2021 | Financial Institutions, Recent News
Near the end of 2020, the “Consolidated Appropriations Act” became law. As suggested by the title to the Act, it included a potpourri of legislative actions, many of which were designed to provide COVID-19 relief. One of the measures adopted as part of the Act amended... 
by dehs | Jan 28, 2021 | Financial Institutions, Recent News
The Independent Community Bankers of South Dakota (ICBSD) is teaming up with Preferred Partner Davenport Evans Law Firm to bring you a complimentary, conference call on Cannabis and Banking, powered by Davenport Evans Law Firm. The presentation, entitled, Cannabis:... 
by dehs | Jan 27, 2021 | Financial Institutions, General, Recent News
January 4, 2021, the OCC issued a proposed rule which amends its regulations on ownership of real property by national banks and federal savings associations. The proposed rule, which will be codified as 12 C.F.R. 7.1024, replaces a prior rule on permissible national... 
by dehs | Dec 10, 2020 | Business Law, Financial Institutions, Recent News
Hemp production has been legalized under both Federal and South Dakota law, and to the surprise of many, South Dakota voters recently approved a constitutional amendment legalizing marijuana. Bankers are already experiencing deposit-opening and loan requests from... 
by dehs | Oct 29, 2020 | Financial Institutions, General, Recent News
Like other employers, financial institutions have worked to be flexible during the global COVID-19 pandemic by allowing employees to work remotely. With a growing remote workforce, many are enlisting the help of employee monitoring systems to oversee the devices used... 