Thursday, December 13, 2018

Week of Nov. 13

In This Issue…

Sandy’s salutations
Oklahoma Bankers Hall of Fame ceremony set for Dec. 4
OBA education corner …

Sandy’s salutations

By Sandy Werner
OBA Chairperson

Will CECL implementation be delayed further? I am aware FASB is getting requests for an implementation delay from more than one concerned party. Sen. Thom Tillis (R-N.C.) has requested an implementation delay until FASB conducts a detailed analysis to assess the impact CECL will have on the banking industry and our nation’s economy. ABA has also asked for a delay until the Financial Service Oversight Council performs a quantitative impact study. ABA points out practical application of CECL could prove to add impactful procyclicality to the banking system.

I have had concerns about CECL since it was first purposed, and hope FASB will consider and truly study the long-term effects of its application.

Together, we are the OBA!

——— Sandy

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Oklahoma Bankers Hall of Fame ceremony set for Dec. 4

The Oklahoma Bankers Hall of Fame will induct its first-ever class on Dec. 4 at the Oklahoma History Center in Oklahoma City. Shawnee banker Larry Briggs, Altus banker Ken Fergeson and Oklahoma City banker Gene Rainbolt will make up the inaugural class.

If you are interested in attending the event, please RSVP by Nov. 21 to the OBA’s Nancy McKinnis at (405) 424-5252 or nancy@oba.com. The cost for an individual seat is $65 and $500 for a table of eight.

The ceremony will take place from 11:30 a.m. to 1 p.m. at the Oklahoma History Center, which is located at 800 Nazih Zuhdi Dr., in Oklahoma City.

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OBA education corner …

Can anyone believe the holidays are just around the corner and there’s only a few weeks left in college football season?! These past few months have just FLOWN by! With that in mind, don’t let continuing education opportunity through the OBA fly by you and your fellow bankers! Take note of the following:

Also, make note of the 2019 OBA Schools: 2019 Intermediate School, Feb. 4-8 and June 3-7; 2019 Commercial Lending School, March 3-8; 2019 Compliance School, Aug. 19-23; 2019 Consumer Lending School, Oct. 7-11; and 2019 Operations School, Nov. 18-22.

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