Broadcaster Press 3 April 5, 2016 www.broadcasteronline.com April Is Community Banking Month MITCHELL – April is Community Banking Month, a time to salute the nation's more than 6,000 community banks and the Main Street communities they serve. Throughout the month, the Independent Community Bankers of America® (ICBA) and the Independent Community Bankers of South Dakota (ICBSD) will share the positive story of community banks, how they help their customers and build stronger communities and why they are principal drivers of economic prosperity on Main Street. "Community banks are locally owned and operated financial institutions that take in local deposits and lend them out locally in the form of loans to customers, farmers and small business owners. Many times, community banks are family-owned and have served their community for generations," said ICBA Chairman and thirdgeneration community banker, Rebeca Romero Rainey, chairman and CEO of Centinel Bank of Taos, N.M. "Community banks exist to serve the needs of their customers and communities and make their Main Streets thrive one loan at a time." Community banks are relationship lenders that flourish when their customers and communities do the same. Taking care of customers and looking out for the best interest of local communities is inherent to the relationship lending business model that is unique to community banking. Below are some fun facts about community banks. You can also view the facts on this infographic. Community banks constitute 96 percent of all banks! • There are more than 600 counties - almost one out of every five U.S. counties -that have no other physical banking offices except those operated by community banks. • There are more than 51,000 community bank locations nationwide. • Community banks hold more than $3.8 trillion in assets, $3.1 trillion in deposits, and $2.6 trillion in loans to consumers, small businesses and the agricultural community. • Community banks employ 700,000 Americans and create countless jobs thanks to their role in lending to small businesses and agricultural enterprises. • Community banks make more than 50 percent of small business loans. • Community banks make 90 percent of agricultural loans. • More than 2,500 community banks have been in business for more than 100 years. • The oldest community bank is in Rhode Island. It's 215 years old, which means that it opened the same year that John Adams was elected president and Volta created the first modern battery! • Community banks such as First National in Frederick, SD, is honored to serve the lending needs of the Frederick community. "We care about our customers and are dedicated to helping our local residents and town thrive," said R. Scott Campbell, Chairman of the ICBSD. "Community Banking Month gives us an opportunity to celebrate community banking here, and in communities across the nation, and spread the positive story of our industry and the communities we serve." To find your local community bank, visit ICBA's Community Bank Locator at www.banklocally.org. To follow the Community Banking Month conversation on social media, follow the #BankLocally hashtag and @ICBSouthDakota on Twitter. Capitol Notebook From The Murk Of Session, Some Political Myths Came BY BOB MERCER State Capitol Bureau PIERRE – The time is nigh to explain some talk and contradictions that came from the 2016 session of the Legislature that ended Tuesday. Sales tax: No, the Republican opponents didn’t have a no-tax alternative to the governor’s increase from 4 percent to 4.5 percent. School funding: No, the new formula won’t dry up smallenrollment school districts. If you’re shrinking, you need more babies and more couples to have babies. Video lottery: No, lottery money wasn’t meant for education. Twenty years ago, video lottery proceeds were earmarked for property tax relief. Bathrooms: No, transgender students haven’t overrun our public schools. There are transgender people throughout society who showed up at the Capitol. Retirement: No, the new benefits plan for the South Dakota Retirement System doesn’t affect current members. Those who join after June 30, 2017, face the age-67 retirement. Abortion: No, the new 20-week threshold won’t infringe on women’s rights. The unborn baby would be four weeks younger when legally killed. Agricultural taxes: No, distribution of additional property tax relief didn’t overlook farms and ranches. But now the relief covers businesses too. Teacher pay: No, every teacher in a public school won’t receive $48,500. But the new law says that is the target. School budgets: No, every school district won’t receive more state aid under the new formula. But a district doesn’t have to use the new formula if it means less money. Power plays: No, most Republican conservatives aren’t quitting because of the governor. Most aren’t running for other reasons, such as family, finances and personal fulfill- If BE SMART. You Read This... You Know Advertising Pays! TICKETS: $10 Advance $15 At Door $5 Students Contact Cliff 605-201-9398 Call the Broadcaster at 605-624-4429 or stop by to place your ad today! 201 West Cherry St Vermillion, SD 624-4429 Mowing / Aeration Landscaping Grass Seeding Fertilizer / Weed Control Spring & Fall Cleanup Hedge Trimming / Irrigation ING: FEATUR www.trivalleychorus.com FREE ESTIMATES We’ve Spotted Connect with area landlords, renters, home buyers and home sellers with the Broadcaster classifieds! bp Since 1934 201 W Cherry Vermillion 624-4429 Broadcaster Press Beresford Zionsouth of Fiesta Foods) Church United Methodist (1 mile Roast Beef Dinner Sunday, April 10th, 2016 11:00 AM to 2:00 PM Salad and Dessert Table Adults - $10 Children 5-10 - $5 Children 4 & Under - Free Tickets Available at Lewis Family Drug, Fiesta Foods, DeSaix Law Office, or At The Door For more information, call 605-763-5164 2 nd Annual Vermillion Giving Tree Vendor and Craft Fair www.precisionlawncaresd.com 605.202.0555 Researchers will share the latest information about the Missouri River at the 2016 Missouri River Institute Research Symposium at the University of South Dakota on Thursday, April 7. Beginning at 9 a.m. in the Freedom Forum Conference Room of the Al Neuharth Media Center, researchers from USD and other academic institutions as well as federal, state and local organizations will share their discoveries, discuss science and education projects, and examine other issues related to the Missouri River and its management. Presentations will highlight new research by faculty and students from USD and other academic and government institutions. Other organizations with representatives presenting at the symposium include South Dakota State University, the South Dakota Geological Survey, Nebraska Game and Parks Commission, the National Park Service, U.S. Army Corps of Engineers and U.S. Fish and Wildlife Service. All presentations are free and open to the public. For more information and a schedule of presentations, visit www.usd.edu/mri. A better way to buy, sell or rent! ment. Medicaid: No, eligibility for government health services won’t be expanded to lower-income working adults any time soon. Money and mood are lacking right now. IHS: No, the federal policy change to pay 100 percent for health care received by Indian Health Service patients outside the IHS system won’t instantly produce millions in savings for state government. Within two years? Certainly could. Buffer strips: No, farmers won’t receive a tax benefit for planting grass between their crop fields and waterways. Corn growers opposed it. The governor vetoed it. Enough House Republicans switched and upheld the veto. Broadband: No, telecom providers won’t receive a tax benefit for filling in the gaps in their high-speed coverage. The governor vetoed it. Enough House Republicans switched and upheld the veto. Education vouchers: No, the state constitution didn’t stop legislators, mostly Republicans, and the governor from approving tax credits for insurance companies to subsidize students to attend non-public schools. Behind bars: No, life without parole won’t be an automatic sentence any longer for criminal offenses committed by people younger than age 18. Worker’s comp: Thanks to the state Supreme Court, a person hurt on one job won’t be denied worker’s comp payments for another job she or he can’t work because of the injury. The governor and legislators agreed. Tuition freeze: The governor found some pockets of onetime revenue to pay off some bonds for state universities and public technical institutes. Tuition won’t go up this fall. Liberalism: No, Gov. Dennis Daugaard didn’t lose his Republican philosophy. He took the political middle on some deadlocked problems. Scan our QR code with your smart phone and discover the Broadcaster Online! USD Research Symposium Updates Missouri River Issues April 9th 10am - 3pm Vermillion Armory 603 Princeton Ave (kitty corner from HyVee) Over 35 vendors to shop from! Lunch will be available! FREE ADMISSION Raffle Prizes will be available! All the money raised benefits the Giving Tree sponsored by the Theta Omega Chapter of ESA in Vermillion! NEXT GENERATION PLANTING TECHNOLOGY Introducing the newly engineered 2000 series Early Riser® Planter! Locally Owned and 3211 E. Hwy. 50 • Yankton, SD 745 E. Hwy 46 • Wagner, SD 605-665-4540 • 800-526-8095 605-384-3681 • 800-693-1990 Operated Since 1972 Or visit us at www.marksinc.com Cherry Street DOLLAR PLU$ Going out of Business Hurry in Pick up your favorite Dollar Store items before they are gone! Cards • Party Supplies • Candy • School Supplies • Snacks • Cleaning Supplies and much more! 7 West Cherry St. - Next to Davis Pharmacy Public Notice The City of Vermillion will be holding a public meeting at City Hall (25 Center Street) on April 19th at 6:30 p.m. to discuss possible improvements to the Downtown portion of the City (Main Street from Dakota to Washington Street and on block north and south of Main Street). The possible improvements would include landscaping, sidewalks, intersection safety improvements, street lighting, seating, etc. During the meeting the City will present the conceptual plan to the public. After the presentation, the City will take comments and answer questions from the public. Contact the City at 677-7050 with any questions regarding the meeting.