Wednesday, October 20, 2021

Week of Feb. 4

In This Issue…

Treasury partially clarifies Subchapter S deduction
Register for OBA’s 2019 Contact Banker Program
OBA Bankers’ Night Out programs ready for spring
OBA hosts CFO Conference on Feb. 27
OBA education corner …

Treasury partially clarifies Subchapter S deduction

We’ve been working with the ABA, ICBA and the Subchapter S group to do what we can to help clarify the pass-through rules emanating from the tax reform act that was signed into law last year. In August, an earlier version of the proposed rule was released for public consumption and it raised a number of concerns and objections for Subchapter S banks.

The Treasury Department has just recently released its final rule that will allow Sub S shareholders, including the 135-plus OBA-member banks, that lets them take a 20 percent deduction on qualified business income. The final rule has taken into consideration many of the comments and concerns that were expressed by many of us after the initial proposal was made public.

The final rule does not clarify whether income from wealth management and trust services qualifies for the deduction which is different than the earlier proposal that did not clarify whether income from traditional products and services would qualify for the deduction.

For more details and information, click here.

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Register for OBA’s 2019 Contact Banker Program

We have set the dates for the 2019 Contact Banker Program. Click here to find a sign-up form that has all the dates listed for this year’s program. We ask that you select what dates work best for you and send it your form to Once we have the groups finalized, we will send an email confirmation of your date.

On the date that you select, there will be a short briefing before we start walking the halls of the state Capitol. Please know, we will stay together as a group the entire morning. We will do our best to have you spend a few minutes with both you state senator and state representative to either start a new relationship or strengthen one that is already in place. We won’t ask that you discuss the merits of current legislation, we want you to just chat with your member about issues that may affect your community or other pressing matters. Depending on what week you select, we will either sit in on a committee meeting or in the gallery to watch the action on the floor. Once we have finished all of our business at the Capitol, the OBA will take everyone to lunch to discuss the events of the morning.

This is our 19th year to have this program and all legislators know that there will be bankers at the Capitol on Tuesdays, and we always have legislators asking when their bankers are going to visit. Everyone at the Capitol knows the bankers are involved in the political process and they are watching how they vote. All of that success is because of the Contact Banker Program. This program is meant for all employees at the bank. There is no cost to attend other than your time.  

Please complete this registration form and send it to

Should you have any questions please don’t hesitate to contact Adrian Beverage ( / 405-424-5252).

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OBA Bankers’ Night Out programs ready for spring

The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on topics affecting their job. In addition to state and federal legislative updates, the program will include a discussion on the recent developments regarding hemp.

As in the past, the schedule for each of these meetings is:

5:30 p.m. – Drinks
6:15 p.m. – Program
7 p.m. – Dinner

PRE-REGISTRATION IS REQUIRED. The cost is $50 per person. Click here for a registration form.

Locations and dates for this year’s events are:

  • Lawton, March 26.
  • Tulsa, March 27.
  • Oklahoma City, April 17.
  • Krebs, April 18.
  • Enid, April 23.
  • Guymon, April 25.

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OBA hosts CFO Conference on Feb. 27

The role of the bank CFO, controller, treasurer or cashier is tougher than ever. Financial strategies are continually evolving and the challenge to create acceptable ROA and ROE performance is as difficult as we have seen for nearly 20 years.

The 2019 CFO & Financial Officers Conference, scheduled for Feb. 27 in Oklahoma City, is specifically designed to provide strategic insights and critical industry updates you need to lead your bank to success. Our impressive line-up of national experts will provide presentations on regulatory changes, strategic planning, interest rate risk, capital planning, and other relevant topics. Participants will gain a wide variety of information from expert speakers on topics that community bank chief financial officers have repeatedly requested, and return to the bank ready to implement newly found ideas and knowledge.

Click here for more information!

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OBA education corner …

January is behind us, which means we’re one month closer to warm weather. Until it actually gets here, though, you can stay warm with fellow bankers in our educational seminars, webinars and conference! Take note of the following:

  • Loan Doc: Top 10 Mistakes and How to Avoid Them, Feb. 13, webinar — New lenders will learn to avoid the most frequent exceptions and loss-causing mistakes.
  • Top 25 Safe Deposit Compliance Issues, Feb. 20, webinar — Because of last minute changes, the annual IRA Update and Review Webinar is a “must attend.”
  • Basic Personal  & Business Tax Return Seminar, Feb. 20 – Tulsa; Feb. 21 -Oklahoma City — Attend this proactive seminar and gain an understanding of the often complex and confusing topic of TAXES!
  • Legal Issues of Checks, Feb. 21, webinar — Understanding endorsements and handling checks is crucial to making sound check cashing decisions.
  • ACH Rule Changes: What’s New in 2019, Feb. 22, webinar — It may seem that ACH Rule changes were a bit stagnate for a few years, but there are more coming.
  • Excel Explained: Minimize Spreadsheet Errors, Feb. 25, webinar — In this comprehensive presentation, Excel expert David Ringstrom, CPA, shares a variety of tricks and techniques you can use to improve the integrity of your Excel spreadsheets.
  • 2019 CFO Conference, Feb. 27, Oklahoma City — The 2019 CFO & Financial Officers Conference is specifically designed to provide strategic insights and critical industry updates you need to lead your bank to success.
  • OBA Commercial Lending School, March 3-8, Oklahoma City — The OBA Commercial Lending School is an intensive, one-week functional school designed for bankers with a basic understanding of credit and financial analysis. The school will demonstrate how to apply this knowledge in profitable commercial lending situations.
  • 2019 Technology Conference, March 27, Oklahoma City — This conference will help bankers keep in touch and understand the latest offerings in the IT world.
  • 2019 Community Bankers Leadership & Senior Management Conf., April 7-9, Phoenix, Arizona  — One of the key benefits in the conference will be talking with your peers. Attendees will be surrounded by those with similar titles, similar workloads, similar problems and likely solutions to issues that can be just as similar.

Also, the Bank Trainers Conference and Expo, hosted by, is set for May in Atlanta. It is an annual educational event that brings together hundreds of training professionals, representing financial institutions from across the country and beyond. A wide variety of workshops cover everything from eLearning to presentation skills and managing change. Click here for more information.

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