Friday, December 4, 2020

Week of Jan. 20

In This Issue…

Register for OBA’s 2020 Contact Banker Program

We have set the dates for the 2020 Contact Banker Program. Click here to find a sign-up form with the dates listed for this year’s program. We ask you select what dates work best for you and return your form to adrian@oba.com. Once we have the groups finalized, we will send an email confirmation of your date.

On the date you select, there will be a short briefing before we start walking the halls of the 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 your state senator and state representative to either start a new relationship or strengthen one already in place. We won’t ask you discuss the merits of current legislation – we want you to just chat with your members 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 20th year to have the program, and all legislators know there will be bankers at the Capitol on Tuesdays (and some Wednesdays), and we always have legislators asking when their bankers are going to visit. Everyone at the Capitol knows bankers are involved in the political process and they are watching how they vote. All of this 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 adrian@oba.com.

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

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2020 OBA professional member college scholarship available

Each year, the Oklahoma Bankers Association awards a $1,000 scholarship to an incoming freshman who has a parent, grandparent, sibling or spouse who is a Professional Member of the Association. The student must enroll in an accredited Oklahoma institution of higher education. The applicant must also be graduating from an Oklahoma high school. A panel of bankers will select the winning applicant.

Click here for the application for the 2020 scholarship application. Applications are due April 17, 2020.

Anyone interested in becoming a Professional Member of the Association should contact Megan McGuire at our office at 405-424-5252 or by e-mail at megan@oba.com.

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Banks stop $22.3 billion in fraud attempts in 2018

America’s banks prevented $22.3 billion in attempted fraud against deposit accounts in 2018, according to the American Bankers Association’s 2019 Deposit Account Fraud Survey report released on Jan. 15.

While total attempted fraud against deposit accounts reached $25.1 billion in 2018, banks’ prevention measures stopped nearly $9 out of every $10 of attempted fraud.

The Oklahoma Bankers Association did its part during 2018 being the only state bankers association with a on-staff fraud investigator in Elaine Dodd to assist member banks and their customers.

The biennial national survey, which has been tracking this data since 1993, measures attempted fraud against bank deposit accounts through channels including check, debit, bill pay, P2P transfers, wire and ACH transactions. You can click here to read more information about the survey, as well as tips for consumers to avoid fraud.

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Registration open for 2020 Senior Management Forum

The Oklahoma Bankers Association 2020 Senior Management Forum is scheduled for April 5-7 at the Bellagio in Las Vegas.

One of the key benefits in the conference will be talking with your peers. Attendees at the OBA 2020 Community Bankers Leadership & Senior Management Conference will be surrounded by those with similar titles, similar workloads, similar problems and likely solutions to issues that can be just as similar.

The 2020 Senior Management Forum provides a valuable learning and networking opportunity for bank executives. Whether you are a president, CEO, executive officer or an emerging leader, the conference sessions will give you information to help you do your job better.

Here are the Top 10 reasons you should attend the conference:

10. Enjoy a helicopter ride, Ferris wheel or roller coaster!

9. Direct flights from Oklahoma City and Tulsa! Easy travel!

8. Headliner shows including The Academy of Country Music Awards, Kelly Clarkson, Wayne                          Newton, Jerry Seinfeld, numerous Cirque du Soleil shows, and many more!

7. Great dining options!

6. Fabulous shopping!

5. Weather: 320 days of sunshine.

4. Make new banking friends.

3. Reasonable room rates at the Bellagio.

2. Network with peers in a relaxed setting.

  1. Outstanding education sessions!

If you have any questions or want to get signed up, contact the OBA’s education department at 405-424-5252, or download a brochure and registration form by clicking here!

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OBA education corner …

Instead of facing this bitter cold January weather, stay bundled up inside while you take a look at the upcoming education events at the OBA. Here’s a list of what’s coming up:

  • W-9 Deposit Account Set Up and Interest Reporting – B Notices, Jan. 29, webinar — We will look at the name control match process, the IRS CP2100 process, how your institution may begin back up withholding, and many other issues. Learn how to get the forms right at new accounts so the IRS reporting is correct and in compliance.
  • Health Savings Accounts – Clarifying the Rules, Jan. 31, webinar — Whether you are currently offering HSAs to your client base or are ‘on the fence’, this detailed webinar will make you feel more informed and comfortable with the definition on your duties.
  • 2020 Compliance Updates, Jan. 29-Operations, Tulsa; Jan. 29-Lending, Tulsa; Jan. 30-Operations, Oklahoma City; Jan. 30-Lending, Oklahoma City — The 2020 Compliance Updates will provide a review of issues and concerns facing every bank’s compliance team. The sessions will focus on “hot” topics, trends and areas that may need more emphasis. Common compliance mistakes also will be covered.
  • 2020 OBA Intermediate Banking School, Feb. 3-7/June 1-5, Oklahoma City — Presented in two sessions, the school is designed to instill an appreciation for and an understanding of the operations and interrelationships of departments within a bank.
  • E-Sign for Lending – Challenges and Solutions, Feb. 4, webinar — This informative session will be helpful to ensure compliance with e-banking and is targeted for Compliance officers, Lending staff and Loan operations, Operations Managers, and others responsible for managing online banking, E-SIGN compliance, e-statements, and e-disclosures.
  • Loan Documentation: Top 10 Mistakes and How to Avoid Them, Feb. 4, webinar — This webinar draws upon the speaker’s 25 plus years of teaching loan documentation and practicing law. Experienced bankers will benefit from confirmation of knowing “the right thing to do.” New lenders will learn to avoid the most frequent exceptions and loss-causing mistakes.
  • Letters of Credit, Feb.5, webinar — This webinar provides an essential understanding of letters of credit, including letter of credit terminology, structure and function. Whether your bank issues letters of credit, accepts letters of credit or takes liens on letter of credit rights, this program is for you.
  • State of HDMA in 2020, Feb. 6, webinar — In this webinar, we’ll review all the pain points of HMDA, including for action taken and various of the data points. We’ll also address a number of questions: What will examiners be looking at it? What are the fair lending issues and risks you need to be aware of after submission? We’ll discuss the current state of HMDA so close to submission in this session and get some of your questions answered.
  • Annual BSA Training for the Frontline, Feb. 7, webinar — This is a look at all the key components of BSA from the frontline point of view including new Customer Due Diligence (CDD) rules and their impact on our policy and procedures.
  • Online Account Opening, Feb. 11, webinar — This includes Customer Identification Program (CIP), Federal Regulations, Signature Cards, Signatures and new Customer Due Diligence (CDD) rules. During the program we will discuss the action steps required on your internet website to comply with new account opening procedures on all types of deposit accounts.
  • 2020 Call Report Seminar, March 10, Oklahoma City — This seminar will provide updates and training for experienced preparers and reviewers and will include complete coverage of new and complex issues impacting the Call Report preparation. New, proposed and revised changes will be presented in summary form at the beginning of the seminar followed by a more detailed discussion over the course of the seminar.
  • 2020 Branch Manager Workshop, March 11-12, Oklahoma City — This exciting workshop will focus on the next generation manager who will be leading the transition to customer relationship management and the skills that need to be developed to ensure they will exceed expectations and goals set for him or her. Participants will engage in discussions, small group activities, and skills practices to make sure ideas are shared and learning is entertaining and adopted.

One education program, in particular, to be aware of is the OBA Intern Program. The Intern Program will again be active in 2020 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 – Contact the OBA education department at (405) 424-5252 or click here for more information!

Also, several scholarships are now available to bankers from OBA-member banks for various graduate schools of banking. Applications should be submitted to the OBA’s Janis Reeser by email (janis@oba.com), regular mail (643 N.E. 41st St., OKC, 73105) or fax (405-424-4518). The scholarship recipients will be selected and announced no later than April 22.

Click on the links below for more specific information about each scholarship:

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