Friday, February 26, 2021

Week of Feb. 15

In This Issue…

OBA offices closed, staff remains available for assistance

The OBA offices will be closed on Wednesday for the safety of our staff in the wintry weather. We remain available to assist our bankers, however, and you can reach our staff through our emails or cell phones.

Roger Beverage (president & CEO) — roger@oba.com; 405/850-0695
Adrian Beverage (government relations) — adrian@oba.com; 405/323-2819
Lea Ann Jackson (accounting/operations) — leaann@oba.com; 405/203-2651
Janis Reeser (education) — janisr@oba.com; 405/203-3250
Elaine Dodd (fraud) — elaine@oba.com; 405/820-4617
Jeremy Cowen (communications) — jeremy@oba.com; 405/496-6720
Megan McGuire (member relations) — megan@oba.com; 580/490-6121

Also, you can reach our compliance team any time via their email address at compliance@oba.com.

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Get free personalized PSA encouraging community to vaccinate

The Oklahoma Bankers Association has created COVID-19 vaccine-related public service announcements for its member banks, both in advertising form as well as in story form, ready for display at the bank or for insertions into local newspapers.

These free advertising files and stories, themed as “Nothing’s Safer Than Money In The Bank … Except For The COVID-19 Vaccine”, echo the Association’s successful “Nothing’s Safer Than Money In The Bank” public relations campaigns from the past two decades.

The PSAs will enable banks to reassure their community about the safety of the vaccines, as well as encourage everyone possible to get vaccinated, which will more quickly allow the nation and the state to get back to business as normal – something beneficial to both communities and banks.

“These public service announcements are an opportunity for our banks to reassure the members of their local community the vaccines coming online are safe and extremely effective, while at the same time will help move things forward toward ‘normal’, which is a positive for business and banking,” said OBA Senior Vice President/Communications Jeremy Cowen.

A recent survey had Oklahoma residents near the bottom of the country in their willingness to get the vaccines, with only an estimated 68% indicating they would take them. It’s a far lower number than the better than 80% indicated in other states, and nearer to the bottom, which was Mississippi at 61%.

Large national companies, such as Anheuser-Busch, Coca-Cola and PepsiCo, have pulled some Super Bowl ads in favor of similar PSAs to encourage the general public to get vaccinated. These PSAs created by the OBA offer a comparable opportunity for Oklahoma banks at the local level.

For more information on these PSAs, or to get branded versions for your bank, contact the OBA’s Jeremy Cowen (jeremy@oba.com) at (405) 424-5252.

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OBA education corner …

Hopefully this week’s OBA update finds you somewhere nice and warm. There are some great upcoming OBA education events, right around the corner from this crazy winter weather. 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.

  • Letters of Credit, webinar, Feb. 24 — 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.
  • 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.
  • HSA Accounts: Dealing with the Headaches, webinar, Feb. 25 — Over the last 15 years there have been many changes to HSAs so this annual update is a necessity when it comes to keeping up with the latest rules and regulations.
  • Trouble Debt Restructuring, webinar, Feb. 26 — As the saying goes in accounting, “Once a TDR is always a TDR”. Attending this webinar will enable you to recognize a true TDR so that regulator reporting is accurate and to know how to manage them from an lending and accounting perspective.
  • Wire Transfer Compliance, webinar, March 2 — In this session we will cover the regulatory requirements for both domestic and international wires, provide sample audit procedures and discuss how to identify and react to possible wire fraud attempts. In addition, we will identify vulnerabilities in systems and processes that can expose financial institutions to cyberattacks and increase liability. We will also examine ways to strengthen policies, monitoring, procedures, and risk assessments.
  • W9 Deposit Account Set Up and Interest Reporting, webinar, March 3 — 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.
  • The UCC for Lenders, webinar, March 3 — Gain a thorough understanding of UCC secured lending transactions and how they work. This webinar provides a comprehensive overview, including perfecting security interests, documentation, filing, analysis of lien positions, common mistakes and more.
  • Advanced Collection Tools Vital in Today’s Economy, webinar, March 8 — This “proactive” webinar covers negotiation, technical, and management tools in collecting cash. The negotiation process will include the “human factors” while the technical skills will include “business law basics” (contract law and lender liability).
  • Addressing Disabilities in the Workplace, webinar, March 9 — This webinar will walk employers through a roadmap of effectively addressing disability issues in the workplace.

Are you interested in joining an OBA board or committee? Click here to complete the Committee Interest Form for 2021-2022. We would love for you to get involved!

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