Monday, October 25, 2021

Week of Feb. 1

In This Issue…

Oklahoma banks make more than $1 billion in round three PPP loans

Since the Paycheck Protection Program reopened earlier this month for the third round, Oklahoma banks have made the majority of more than 27,000 loans worth more than $1.3 billion in the state thus far.

These numbers represent the 8th and 18th most, respectively, of all the states.

Nationally, 891,044 loans have been made to date in Round 3 totaling nearly $73 billion, with the average loan size being around $82,000.

You can view all the results thus far via the most recent Small Business Administration update by clicking here (.pdf).

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ABA’s (virtual) Conference for Community Bankers set for this month

Community banking is about connecting with people – and ABA’s Conference for Community Bankers is your opportunity to build and grow valuable connections across the industry.

While all of us at the OBA and the ABA can’t wait until we can gather in-person again, this new virtual experience is an exciting way to keep community bankers in touch and in the know.

Why should I attend? What’s in it for me and my bank?

First and foremost, you’ll get timely information and concrete, practical solutions to the issues now facing your bank. All of this information has been developed to help you and your bank move forward in 2021.

Program highlights include:

  • Thought-provoking keynotes from successful leaders, including, five-time NBA champion, hall of famer and entrepreneur Earvin ‘Magic’ Johnson.
  • Astrophysicist and former NASA scientist Dr. Hakeem Oluseyi, and fintech expert Ron Shevlin.
  • Four focused business tracks so you can zero in on the key components: leadership, technology, payments and CRE lending.
  • Dedicated time to shop around for innovative core providers that will showcase their products and services.
  • Interactive breakout video chats with banker peers and Q&A time with industry experts.

Join in on Feb. 16-17 for real viewpoints – and real solutions – to ensure your bank is not only competitive and successful today, but positioned for tomorrow. Importantly, take advantage of the limited-time match rate and register for just $195. This special rate will expire on Feb. 8, so don’t miss out on the chance to bring your team.

Click here for more information and to register!

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2021 OBA college scholarship available

Each year, the OBA 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 to access the application for the 2021 scholarship. Applications are due April 16, 2021.

Questions? Contact Megan McGuire at our office at 405-424-5252 or by email at megan@oba.com.

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Review your bank’s information for OBA directory

The Oklahoma Bankers Association Directory of Banks is again being produced this year by NFR Communications (formerly BankNews Media). To best serve you, we want to include the most up-to-date and accurate information about your bank, your branches and your staff. However, we need your help.

To ensure we are using the most accurate information, please follow the instructions provided in the letter that was mailed to your bank last week by NFR Communications. Please review and revise as necessary the financial directory listing for your holding company, your main bank and your branches. You can also use the login information that was included in the letter to update your listing online or, if needed, download a new form.

Completed forms may be returned by email to directories@nfrcom.com or faxed to 913-261-7010. Please update the information no later than Feb. 10, 2021.

We appreciate your help in making the 2021 Edition of the Oklahoma Bankers Association Directory of Banks a success.

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OBA welcomes new strategic members

The OBA is proud to welcome aboard three new strategic members for 2021.

BONNER CONSULTING, LLC
Contact: Joseph C. Bonner
4708 Las Colinas Lane
Norman, OK 73072
Phone: (970) 568-2036
Email: jbonner1981@gmail.com
Website: https://jbonnerconsulting.com
Consulting firm providing advice and support to banks regarding loan portfolio structure and performance, strategic planning, regulatory relationships, credit process design, policy development, problem asset resolution, budgeting and expense control, capital structure enhancement, M&A planning and talent evaluation.

Endurance Advisory, LLC
Contact: Stephen Curry
1350 S. Boulder Ave., 3rd Floor
Tulsa, OK 74119
Office: (918) 699-9645, Cell: (917) 439-3905
Email: stephen.curry@enduranceadvisory.com
Website: Enduranceadvisory.com
Our mission is to help each client position its business for the long run. We have solutions for any-sized problem. Our team is passionate about empowering clients to overcome challenges, grow and evolve at a level of innovation that matches its unique business and exceeds customer expectations. We provide a broad range of services to financial institutions, including strategic planning, risk management and regulatory compliance, digital banking/fintech, mortgage banking, transformation services and technology and operations improvement, as well as staff augmentation services.

Barracuda Consulting
Contact: Jeff Faust, SHRM-CP, Kevin Burr, or Ashley Blanco
1660 E 71st, Ste 2E
Tulsa, OK 74136
Phone: (918) 216-9214  Fax: (918) 488-8399
Email: info@barracudaconsulting.com
Website: www.barracudaconsulting.com
Barracuda Consulting specializes in working with businesses to create streamlined HR procedures related to: leadership development, advanced personality development, performance management, policy writing (employee handbooks), job analysis (job descriptions) as well as staffing for all levels. We can provide services to clients throughout Oklahoma. We believe an organization is strengthened by empowering its people.

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OBA education corner …

One month into 2021 … does it seem different than 2020 yet? We hope so! One thing that ISN’T different is the amount of educational opportunities out there for bankers via our own education department here at the OBA! Check out the list below:

NOTE: Effective March 16, 2020, and until further notice, TTS (our webinar provider) has extended the OnDemand access period for all ‘Live Plus Five (Days)’ registrants to 60 days (versus five business days). Also, they are waiving the $75 per location fee for additional locations.

  • Reg CC Training for Tellerswebinar, Feb. 9 — There are many questions, such as can we place a hold on a cashier’s check? How many days can we hold checks on a new account? Does this apply to business accounts? Do we have to give the hold while the customer is there or can we mail it later? These questions will all be addressed in this informative and easy to follow webinar for the frontline. We will also take a look at the changes that are proposed–new disclosure format and new teller hold notices.
  • Protecting Your Salaried-Exempt Status, webinar, Feb. 10 — The Department of Labor changed the rules for salaried-exempt employees. Employers made major efforts to examine, adjust and properly classify exempt positions. HOWEVER, that is just the starting point. Once you have a salaried employee classified as exempt from overtime, don’t undo it and make a mistake which turns that exempt salaried employee into a non-exempt worker. This webinar will focus on how to preserve and protect the salaried status once it has been properly established.
  • Protecting Your Salaried-Exempt Status, webinar, Feb. 10 — The Department of Labor changed the rules for salaried-exempt employees. Employers made major efforts to examine, adjust and properly classify exempt positions. HOWEVER, that is just the starting point. Once you have a salaried employee classified as exempt from overtime, don’t undo it and make a mistake which turns that exempt salaried employee into a non-exempt worker. This webinar will focus on how to preserve and protect the salaried status once it has been properly established.
  • Federal Benefit Payments Garnishment Requirements, webinar, Feb. 11 — This webinar will give a general review of the requirements for processing garnishments and state tax levies under the rule, the special terminology that applies, the detailed steps financial institutions need to take when processing garnishment and levy requests, and more.
  • Train Smarter and More Effectively, webinar, Feb. 12 — During this program, you will discover how to design training that promotes learner involvement. We will tell you why you need to stop throwing as much information as you can at your trainee. You will also learn the proper use and purpose of training manuals.
  • BSA Emerging Issues, webinar, Feb. 16 — What are the important issues facing the BSA Department in 2021?
  • Advanced TRID Compliance, webinar, Feb. 16 — Consider this webinar your “cheat sheet” to get you on the right track BEFORE your next examination.
  • ACH Rule Changes: What You Need To Know, webinar, Feb. 17 — Bring your 2021 ACH Rule Book and we’ll make sure you are comfortable with the changes. We’ll also take a look at what happened last year, as a refresher.
  • What To Do When A Customer Dies, webinar, Feb. 18 — We’ll walk you through the best practices when dealing with a customer’s death – both on the deposit side and the loan side, as well as unique issues that can arise when doing business with the decedent’s estate.
  • Responsibilities Of The Information Security Officer, webinar, Feb. 19 — We will review various regulatory guidance that outlines ISO responsibilities and reporting structures. Additionally, various educational paths that can help develop your skills in the future.
  • HR Basics for Supervisors, webinar, Feb. 24 — This webinar will provide your managers with a valuable and easy to understand overview of key HR concepts and laws, and will give them practical information and tools they can use to avoid legal pitfalls.
  • 2021 Hot Topics for Bank Directors: A Virtual Workshop, Feb. 25 — Informed and engaged bank directors are key for a community bank’s success. These sessions broach on compensation, evaluations, and strategic planning along with other timely issues facing bank managers and their boards. The workshop is designed to assist bank directors and executive management with carrying out their duties and responsibilities. The workshops will offer ample time for discussion.
  • 2021 Retail Banking Branch Manager Virtual WorkshopMarch 10-11 — This fast-paced, results-oriented series focuses on the critical success skills for managing and leading during this unprecedented time. The two-day workshop is packaged full of checklists, job aids, case studies, examples, and “real world” situations.

One education program, in particular, to be aware of is the OBA Intern Program. The Intern Program will again be active in 2021 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!

Finally, the Graduate School of Banking at Madison, Wisconsin, is offering a couple of scholarships for the 2021 school year to a pair of its schools. GSB-Madison plans to award both the HR School scholarship and the Graduate Banking School scholarship in the coming months. Here’s additional info:

  • HR Virtual School Scholarship — $700
    • The school will start April 12 and will be presented over a two-week time frame.
    • Application due: Feb. 12.
  • Prochnow Scholarship — $1,500 for each of 3 years
    • GSB is held Aug 1-13.
    • Must be entering the first year at GSB and plan to attend three years.
    • Application due: March 19.

If you have any questions, contact Janis Reeser at the OBA.

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