In This Issue…
• Inaugural class inducted into Oklahoma Bankers Hall of Fame
• Nondeductible portion of OBA dues calculated
• OBA taking CD bids from members
• Free webinar upcoming on how donations can support rural schools
• OBA education corner …
Inaugural class inducted into Oklahoma Bankers Hall of Fame
The Oklahoma Bankers Hall of Fame inducted its first-ever class this week at the Oklahoma History Center in Oklahoma City. Shawnee banker Larry Briggs, Altus banker Ken Fergeson and Oklahoma City banker Gene Rainbolt made up the inaugural group.
The ceremony was hosted by the Oklahoma Bankers Association’s immediate past chairman, Guy Sims, who is also president/CEO/chairman of Shamrock Bank in Coalgate. Also, during the event, Frank Keating, former Oklahoma governor as well as former president and CEO of the American Bankers Association, talked about the importance of Oklahoma bankers and the banking industry to the state.
OBA President and CEO Roger Beverage introduced each inductee. Their bios are as follows:
Larry Briggs has been president and CEO of the First National Bank & Trust Co., in Shawnee since 1994.
Briggs was born in Cheyenne and graduate from Cheyenne High School. He attended Central State University (now University of Central Oklahoma) in Edmond and Oklahoma State University in Stillwater. He also served in the Oklahoma Army National Guard and Reserves as a battery commander and artillery captain.
In 1968, Dwight Rymer, who owned Citizens State Bank in Morrison, encouraged Briggs to get into the banking industry, which he did with Rymer in Morrison. He held almost every position at one time or another at Citizens State Bank and also worked two years at Stillwater National Bank. Rymer eventually purchased a bank in Holdenville and offered Briggs, then just 29 years old, the opportunity to be president.
In 1994, Briggs became president and CEO of First Oklahoma Bank, N.A., in Shawnee, which eventually became First National Bank & Trust Co., a position he still holds today. He has also served on the board of the Oklahoma Bankers Association as both a member and chairman and is currently the chairman of the OBA’s PAC Committee.
Ken Fergeson has been chairman of NBC Oklahoma, in Altus, since purchasing the bank in 1985.
Fergeson was born in Crowell, Texas, and graduated from Crowell High School. He attended Texas Tech University in Lubbock, Texas, where he graduated with both bachelor’s and master’s degrees.
In 1971, he took a position with Liberty National Bank in Oklahoma City. Eight years later, he joined First National Bank of Enid as executive vice president. In 1985, he purchased the majority of the National Bank of Commerce in Altus (now NBC Oklahoma) and moved his family there within the next year. Under his leadership, the bank has three locations in Altus, as well as branches in Oklahoma City, Enid, Kingfisher and Tulsa.
Fergeson has served as chairman of both the American Bankers Association as well as the Oklahoma Bankers Association and has also helped create the NBC Oklahoma Artists Series, where an Oklahoma artist is commissioned to do a painting from which numbered prints and posters are distributed by each bank location to its customers. He was also inducted into the Oklahoma Hall of Fame in 2009.
Gene Rainbolt has been chairman emeritus of the BancFirst Corp., in Oklahoma City, since 2016.
Rainbolt was born in Norman and attended the University of Oklahoma in Norman, where he graduated with both bachelor’s and master’s degrees. He also served in the U.S. Army during the Korean War.
In 1967, Rainbolt took over as president at Federal National Bank in Shawnee. He held the position for seven years before becoming chairman. In 1985, he became chairman of United Community Corp. He remained there until 1989 when he founded BancFirst in Oklahoma City and took over as chairman. He held this position until he transitioned to chairman emeritus.
Rainbolt established a scholarship with the University of Oklahoma in memory of his late wife, the Jeannine Rainbolt Scholarship for Elementary School Teachers. He was also inducted into the Oklahoma Hall of Fame in 1999 and has served on, or is currently serving on, several boards and nonprofit entities.
The Oklahoma Bankers Hall of Fame was created by the Oklahoma Bankers Association in 2018. Nominees for the inaugural class were selected by a banker roundtable based on contributions to the Oklahoma banking industry, and the final honorees were voted upon by selected bankers statewide. For more information, contact the Oklahoma Bankers Association at (405) 424-5252.
Non-deductible portion of OBA dues calculated
The nondeductible portion of OBA dues have been calculated for our members, for the fiscal year ending April 30, 2018.
The nondeductible portion is 17.78 percent.
If you have any questions, please contact Lea Ann Jackson at the OBA.
OBA taking CD bids from members
The OBA will be purchasing several certificate of deposits for investment on Friday, Dec. 7, 2018. All interested banks are encouraged to complete the downloadable BID FORM and return it to the OBA by fax to (405) 604-9545 or by email to firstname.lastname@example.org by noon, Friday, Dec. 7, 2018.
Free webinar upcoming on how donations can support rural schools
The Oklahoma Public School Resource Center is offering a free webinar on how Catalyst Education Fund donations support innovative programs in rural schools and also provide donors with tax credits. OPSRC Executive Director Brent Bushy will run through all the benefits of the program and answer any questions you may have.
The webinar will take place from 10-11 a.m. on Friday, Dec. 14. You can access and register for the webinar by clicking here.
OBA education corner …
Thanksgiving is behind us, which means you are now allowed to hang lights and get ready to celebrate even more holidays! 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:
- Residential Construction Lending, Dec. 10, webinar — This program provides an overview of the major issues involved in consumer or residential construction lending, primarily to individuals having a home built or remodeled.
- Notary Public, Dec. 11, webinar — Help your team know their responsibilities, plus learn basic laws, liability and reviews of various notarial acts.
- New Account Interview Business Accounts: CIP, Risk and Beneficial Ownership, Dec. 11, webinar — Learn how to direct the conversation to get the compliance results you want.
- Overdrafts, Dec. 12, webinar — You need to be aware of the current regulatory expectations to keep your bank out of hot water!
- 20 Legal Account Ownerships, Dec. 14, webinar — This program is an A-Z on account ownership and documentation.
- Preparation, Risk, Critical Robbery Procedures, Dec. 17, webinar — This program will discuss advance preparation, the actual robbery event, and what the financial institution needs to support staff after the robbery.
- Reg. E Error Resolutions & Disputes, Dec. 18, webinar — ACH, ATM and Debit Card error resolution rules are confusing. There are Regulation E rules and VISA or MasterCard rules that don’t always sync up. While the math behind zero liability is easy, the rest can be very hard to understand. This webinar will help.
- BSA Year-End Round Up, Dec. 19, webinar — This year-end wrap up will focus on looking at the 2018 year including beneficial ownership, new CTR, and new SAR.
- 2019 OBA Intermediate School, Session I-Feb. 4-8; Session II-June 3-7, Oklahoma City — Presented in two sessions, this school is designed to prepare students to serve effectively and profitably the needs and desires of their banks and the banking public.
One education program, in particular, to be aware of is the OBA Intern Program. The Intern Program will again be active in 2019 and we’re looking for participating banks! For more information on this IMPORTANT program – important not only to aspiring students, but also to participating banks – Click here for more information or contact the OBA education department at (405) 424-5252!