South Dakota Bankers Association

“David d nelson po box 376 burke, sd 57523 pete mehlhaff po box 2140 aberdeen, sd 57402 nathan franzen po box 156 yankton, sd 57078 keith knuppe po box 80 warner, sd 57479 dylan clarkson po box 729 belle fourche, sd 57717 john mcgrath po box 1348 sioux falls, sd 57101 pennie lutz po box 338 bruce, sd 57220 terry fitzke 420 s pierre st pierre, sd 57501 dusty petersen po box 2530 rapid city, sd 57709 jamie dooley 5800 s corporate place sioux falls, sd 57108 todd christoffer 632 main st rapid city, sd 57701 cameron becker po box 7 marion, sd 57043 krista tschetter 110 n minnesota ave, suite 100 sioux falls, sd 57104”

“The sdba president and business manager review the return before it is filed and a copy is given to each board member and audit committee.”

“The board of directors and officers are each given a conflict of interest form to fill out on an annual basis and these are reviewed by the board to determine if any action needs to be taken.”

“The process includes all of these elements: 1. Review and approval by the board of directors or compensation committee of sdba; 2. Use of data as to comparable compensation; 3. Contemporaneous documentation and recordkeeping. Review and approval: the compensation of the person is reviewed and approved by the board of directors or compensation committee of the sdba, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. Use of data as to comparable compensation: the compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. Contemporaneous documentation and recordkeeping: there is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.”

“All documents and policies are available upon request.”