News

OCC Issues Guidance on Payment System Regulation

OCC Issues Guidance on Payment System Regulation

In October 2021, the OCC released new guidance concerning payment systems. This guidance incorporated new regulations promulgated in December 2020, imposing specific notice requirements on national banks and federal savings associations entering new or modified...

read more
2022 Estate Gift Tax Exclusions

2022 Estate Gift Tax Exclusions

The lifetime estate exclusion amount (also sometimes called the estate tax exemption amount, the applicable exclusion amount, or the unified credit amount) has been increased for inflation beginning January 1, 2022. Applicable Exclusion Amount Under the 2010 Tax...

read more
Holiday Service at The Banquet 2021

Holiday Service at The Banquet 2021

Davenport Evans lawyers and staff continued the firm’s annual holiday tradition of volunteering at The Banquet, a feeding ministry, in December. Led by former Banquet Board Chair and Davenport Evans lawyer Eric Schulte, the group of volunteers served at The Banquet’s...

read more
Why Your Bank Must Have a Marijuana Banking Policy

Why Your Bank Must Have a Marijuana Banking Policy

Legalized marijuana is here to stay – in what form and with how much risk is yet to be determined. To assess and control that risk, South Dakota bankers should become familiar with the various new state and local laws and have a clear understanding of the Federal laws...

read more
Best Lawyers 2022 Business Edition: Litigation Issue

Best Lawyers 2022 Business Edition: Litigation Issue

Best Lawyers® has recognized the following Davenport Evans lawyers in their 2022 Business Edition: Litigation Issue. Using information excerpted from the recently released 2022 editions of The Best Lawyers in America® and Best Lawyers: Ones to Watch in America, this...

read more
Subchapter V Bankruptcy:  What Have We Learned So Far?

Subchapter V Bankruptcy: What Have We Learned So Far?

The Small Business Reorganization Act of 2019 (SBRA) went into effect on February 19, 2020. The SBRA created Subchapter V within Chapter 11 of the Bankruptcy Code with the goal of providing “main street” business debtors with a more efficient manner of restructuring...

read more
Non-Compete Agreements Under Fire

Non-Compete Agreements Under Fire

In President Biden’s recent Executive Order, he encouraged the Federal Trade Commission (FTC) to limit or ban non-compete agreements. Although President Biden’s Executive Order itself does not create new law, his intent is clear. Whether the FTC can or will act on his...

read more
Davenport Evans Welcomes Kalen N. Frericks

Davenport Evans Welcomes Kalen N. Frericks

Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce the addition of a new attorney, Kalen N. Frericks, to the firm. A native of Northville, South Dakota, Kalen Frericks joined the firm as an associate attorney in 2021. She was also a summer associate...

read more
Davenport Evans Welcomes Brooke N. Schmidt

Davenport Evans Welcomes Brooke N. Schmidt

Davenport, Evans, Hurwitz & Smith, LLP is pleased to announce the addition of a new attorney, Brooke N. Schmidt, to the firm. A native of Aberdeen, South Dakota, Brooke Schmidt joined the firm as an associate attorney in 2021. Brooke is a graduate of the...

read more
Doug Hajek to Speak on Panel at YPN Crossroads Summit

Doug Hajek to Speak on Panel at YPN Crossroads Summit

The Young Professionals Network (YPN) is a program of the Greater Sioux Falls Chamber of Commerce, celebrating nearly 1,000 members, aged 21-39. The annual YPN Crossroads Summit, taking place Thursday, August 12 at the Sioux Falls Convention Center, is one of the...

read more
Court Affirms Employer’s Right to Mandate Vaccinations

Court Affirms Employer’s Right to Mandate Vaccinations

In the first federal ruling on the issue, a Texas District Court judge recently dismissed a lawsuit brought by employees of Houston Methodist Hospital who opposed the Hospital’s COVID-19 vaccination mandate as a condition of their employment. The Court ruled against...

read more
Maryland Challenges Third Party Lending Model

Maryland Challenges Third Party Lending Model

The Maryland Commission of Financial Regulation recently filed a “Charge Letter” (a form of an administrative complaint) to commence an administrative action against the Bank of Missouri, Fortiva, and Atlanticus. The Charge Letter asserts that the bank and its...

read more
The ABCs of Risk Management

The ABCs of Risk Management

Banks today face many risks – credit risk, operational risk, liquidity risk – many of which are managed by well-trained individuals specializing in a given area of concern. The same is true of compliance risk, which is generally the responsibility of the bank’s...

read more
Davenport Evans Lawyers Ranked Tier One by Chambers 2021

Davenport Evans Lawyers Ranked Tier One by Chambers 2021

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 &...

read more
Announcing 2021 Davenport Evans Scholarship Recipients

Announcing 2021 Davenport Evans Scholarship Recipients

Davenport, Evans, Hurwitz & Smith Law Firm in Sioux Falls, SD announces their 2021 scholarship recipients. Davenport Evans awards $20,000 in scholarships annually through the Sioux Falls Area Community Foundation. The scholarships have benefited over 250 high...

read more

Protecting What You’ve Built