News
What to Know About Monitoring Remote Workers
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...
New Regulations Provide Relief for Usury Headache
It is a truism in banking that federal regulations are a burden for the industry, and bankers often cite compliance with federal regulations as a significant burden. In a rare exception to that truism, the Office of the Comptroller of the Currency and the Federal...
A South Dakota Series LLC – Could It Be Right For You?
The South Dakota Legislature recently passed laws allowing for the formation of “Series LLCs” in South Dakota. In doing so, it joins a number of other states and jurisdictions allowing Series LLCs to be formed, including Alabama, Arkansas, Delaware, the District of...
Larson and Miller Selected as Chamber of Commerce Committee Chairs
Davenport Evans lawyers Sarah Richardson Larson and Tiffany Miller have been selected as 2020-2021 committee chairs for the Greater Sioux Falls Chamber of Commerce. The Chamber offers 14 committees, each with a different purpose supporting the Chamber's mission, to...
The Right of Setoff: 5 Documentation Tips for Protecting Your Bank
“Setoff” is the right of a depository bank to appropriate funds in a deposit account it controls to satisfy debt owed by a customer to that depository bank. The right of setoff is derived from common law principals of law and equity, and has long been recognized in...
Davenport Evans Welcomes Alayna A. Holmstrom
Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce the addition of a new attorney, Alayna A. Holmstrom, to the firm. A native of Rapid City, South Dakota, Alayna Homstrom joined the firm as an associate attorney in September 2020. She is a graduate of the...
CFPB Appoints Davenport Evans Alumna Kristina Schaefer to Community Bank Advisory Council
On September 16, the Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to its Community Bank Advisory Council (CBAC). CBAC members serve a two-year term and provide advice on how the CFPB’s policies and rulemakings affect community...
Best Lawyers® 2021 Recognizes 17 Davenport Evans Lawyers
Davenport, Evans, Hurwitz & Smith, LLP in Sioux Falls, SD is pleased to announce that 17 Davenport Evans lawyers were listed in Best Lawyers® 2021 for South Dakota, in 24 different practice areas. In addition, Jean H. Bender was named “2021 Lawyer of the Year” for...
FDIC Issues Rule on Minor Offenses, Eases Bank Hiring Restrictions
Federal law requires individuals who have been convicted of crimes of dishonesty and similar offenses to submit an application to the FDIC for approval before becoming employed by a financial institution. The FDIC has recently issued a new rule that eases restrictions...
14 Davenport Evans Lawyers Named by Great Plains Super Lawyers, Four Named “Rising Stars”
Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce selection of the following Davenport Evans lawyers to the 2020 edition of Great Plains Super Lawyers. Attorneys selected were ranked in the top 5% of practicing attorneys in South Dakota. Selected to...
Davenport Evans Welcomes Lori M. Rensink
Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce the addition of a new attorney, Lori M. Rensink, to the firm. A native of Freeman, South Dakota, Lori Rensink joined the firm as an associate attorney in 2020. She is a graduate of the University of...
Davenport Evans Alumnus Dave Knudson Honored with Renaming of USD Law School
Davenport Evans is proud to celebrate the recognition of Dave Knudson today at the University of South Dakota School of Law. Philanthropist T. Denny Sanford generously pledged $12.5 million to the law school to establish an endowment to provide scholarship money for...
Common Questions on Asset Protection Trusts
From time to time the news media covers various issues related to the popularity of South Dakota’s trust laws. Recently there has been some coverage on the use of asset protection trusts in South Dakota. This coverage, combined with the challenging financial...
OCC Combination Rules and Bank Lending Limits
When it comes to fast food dining, the combo meal makes life easy. When it comes to applying combination rules to a bank’s lending limits, though, it’s not quite as simple as a quick drive-thru at your local fast food joint. Bankers are well acquainted with lending...
Donohue, Larson, Prendergast Top-Ranked in 2020 Chambers High Net Worth Guide
Davenport, Evans, Hurwitz & Smith, LLP has received a top ranking in Chambers High Net Worth 2020 in the area of Private Wealth Law. Objective, independent and research-based, the Chambers High Net Worth guide recognized the world's leading high net worth...
Brost on SiouxFalls.Business: Workers share look at providing essential services during COVID
Davenport Evans lawyer Ashley Brost was interviewed for a June 22 article by John Hult featured on SiouxFalls.Business, Working through COVID: Workers share look at providing essential services. The following excerpt is shared courtesy of SiouxFalls.Business. Click on...
Sioux Falls SculptureWalk Spiral Dance Sponsored By Davenport Evans
Davenport Evans is proud to support the Sioux Falls SculptureWalk, sponsoring the #54 installation, Spiral Dance, a 12' H x 36" W composite sculpture by Lake Oswego, OR artist Harold Linke, which appears before the Federal Courthouse at 12th and Phillips. The artist's...
Davenport Evans Welcomes 2020 Summer Associates Frericks, Mabee, Schartz, and Vukovich
Davenport Evans is pleased to welcome its 2020 summer associate class, Kalen N. Frericks, Michael J. Mabee, Thomas P. Schartz, and Caleb M. Vukovich. Davenport Evans has a long history of hiring law students who participate in the firm’s summer associate program....
Announcing 2020 Davenport Evans Scholarship Recipients
Over the last 30+ years, Davenport Evans scholarships have benefited over 250 high school seniors through the Sioux Falls Area Community Foundation. The scholarships are designated for use at institutions of higher learning in the state of South Dakota. “The firm...
Davenport Evans Sponsors Levitt in Your Living Room Series
Join Levitt at the Falls and sponsor Davenport, Evans, Hurwitz & Smith for the premier of Levitt in Your Living Room, May 16 at 7 p.m. on Facebook Live! What is Levitt in Your Living Room? It’s a sneak peak, it’s a deep dive, and it’s a musical experience to...
How to Prepare Your Will from Home
Davenport Evans continues to actively provide estate planning services during this time of social distancing. The following estate planning lawyers at Davenport Evans can be contacted by phone or email through these links: Sarah Richardson Larson, Matthew W. Van...
Witness and Notary Requirements During COVID-19 for Estate Planning Documents
On April 19, 2020, the South Dakota Supreme Court issued an emergency order in response to the COVID-19 pandemic entitled, “Amended Emergency Order Regarding Court Reporters, Witnesses and Notarization in Midst of the COVID-19 Pandemic” (the “Emergency Order”). The...
The SECURE Act Impacts Distributions from Your IRA and Retirement Plan
The SECURE Act, more formally known as the “Setting Every Community Up for Retirement Enhancement Act,” was enacted December 20, 2019. The SECURE Act made significant changes to the rules for distributions from IRAs and retirement plans. Lifetime Distributions Begin...
Davenport Evans Lawyers Ranked Tier One by Chambers 2020
Lawyers from Davenport, Evans, Hurwitz & Smith LLP in Sioux Falls, SD have again been ranked Tier One by Chambers USA. In South Dakota, rankings are given in five categories: Corporate/Commercial Law, Corporate/Commercial: Bankruptcy/Restructuring, Labor &...