Wednesday, October 27, 2021

Week of April 19

In This Issue…

Nominees for first vice chairman, six elected OBA board members selected

Pursuant to Section 6.3 of the By Laws of the Oklahoma Bankers Association, notice is hereby given of the name of the nominee for the office of first vice chairman who will replace Kyle Hughbanks following the OBA’s Annual Meeting and Convention to be held on May 25, 2021:

Bryan Cain
President and CEO
First National Bank and Trust Company
Shawnee

The first vice chair shall be elected by a majority of the members voting at the annual general business meeting and convention of the OBA to be held on Tuesday, May 25, 2021 at approximately noon at the Omni Hotel in Oklahoma City. Nominations from the floor will also be accepted.

Pursuant to Section 5.4 of the By Laws of the Oklahoma Bankers Association, notice is hereby given of the names of the nominees for the Board of Directors of the Oklahoma Bankers Association from each of the six OBA Groups. These nominees represent banks from the lower one-third of banks by deposits in each of the six OBA Groups and shall be elected by a majority vote of the membership during the annual business meeting and convention of the OBA to be held on Tuesday, May 25, 2021 at approximately noon at the Omni Hotel at Oklahoma City, with nominations being accepted from the floor:

Group One:
Phillip Dickey
President
The First Bank of Thomas, Thomas

Group Two:
Rigo Aranda
VP/Loan Officer
Oklahoma State Bank, Buffalo

Group Three:
Andrew Wells
Chairman, President & CEO
First State Bank, Tahlequah

Group Four:
Debbie Ward
President and CEO
Farmers State Bank, Allen

Group Five:
Priscilla Cude
President & CEO
First Bethany Bank, Bethany

Group Six:
Frazier Henke
President & CEO
American Bank & Trust, Tulsa

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PPP lending in 2021: Community banks stand tall once again

Once again, OBA-member banks outshine credit unions in terms of lending under the Payroll Protection Program during the current 2021 calendar year.

Here are some numbers showing the participation of primary lending institutions so far:

112 Banks >$10 Billion                    1,632,447 loans approved for                        $111,632,469,387

4,116 Banks < $10 Billion               1,565,493 loans approved for                        $95,235,248,742

8 credit unions >$10 Billion          13,580 loans approved for                             $412,019,224

841 credit unions < $10 Billion    130,743 loans approved for                           $4,667,336,077

Farm Credit System                           18,093 loans approved for                             $377,618,776

In Oklahoma banks have participated in the PPP effort for 2021 in the following amounts:

                         Total Loans Made                               Total Amount

                                   75,372                                              $2,685,315,212

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House passes cannabis-related SAFE Banking Act of 2021

Monday, the U.S. House of Representatives passed H.R. 1996 by a two-thirds margin of 321-106. The bill creates protections for banks that choose to provide financial services to legitimate cannabis-related businesses and their service providers.

The Oklahoma delegation voted as follows:

  • Bice – Aye
  • Cole – Aye
  • Hern – Aye
  • Lucas – Nay
  • Mullin – Nay

The ABA released the following statement:

“We applaud House lawmakers for passing the SAFE Banking Act of 2021 with strong bipartisan support. This legislation is an important step toward resolving the conflict between state and federal law so banks can serve legal cannabis and cannabis-related businesses. This includes ancillary businesses that provide the cannabis industry with goods and services such as vendors and utility companies that have been needlessly forced out of the financial system. The bill will help banks meet the needs of their communities while reducing cash-motivated crimes, increasing the efficiency of tax collections and improving the financial transparency of the cannabis industry.

“We thank Representative (Ed) Perlmutter (D-Colo.) and the bill’s 180 cosponsors for their leadership and support, and urge the Senate to move quickly to pass this much-needed legislation to clarify these issues for both the banking industry and regulators.”

To that we can only say “Amen.” It’s time to deal with reality and let those banks that choose to provide financial services to cannabis-related businesses of all kinds do so without the fear of reprisals by federal prosecutors.

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2021 OBA Convention approaching in May

The Oklahoma Bankers Association 2021 Convention is set for May 24-26 in Oklahoma City, with the brand-new Omni Hotel as the host locale.

This year’s convention will be slightly different than previous years as, after the cancellation of the 2020 Convention, several events will be packed into the schedule and there will be no keynote speaker to begin and end the convention. Instead, going hand-in-hand with the convention theme of “Where everybody knows your name”, this year’s convention will focus on the bankers and members of the Association – the ones whose names everyone knows!

The few days will consist of enjoyable activities, informative breakout sessions, and recognition of some of the best and the brightest of the OBA, including a tribute to our retiring OBA President and CEO Roger Beverage.

Click here for more information and to register for the event, as well as to find more information on the Convention Golf Tournament, which will happen early Monday afternoon of convention.

You can also bookmark our dedicated mobile web page for the convention, which includes the schedule, speaker bios, sponsors and more. Click here to visit the page. Those on iPhones can save the page on their home screen like an app by simply hitting the share button at the bottom of the screen (icon at center that looks like a square with an arrow in the middle pointing up) and clicking “Add to Home Screen”. Android user can do the same by going to the page, hitting the share button (icon at far right that looks like three parallel lines) and clicking the same add to home screen button.

You can contact the OBA education department with any other questions at 405-424-5252. Remember that current local COVID-19 guidelines will be followed during the convention.

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Registration open for ABA Emerging Leaders Forum

Registrations are currently being accepted for the 2021 ABA Emerging Leaders Forum, to be held virtually April 28-29. The forum runs for three hours each over two days, and attendees will hear from ABA leadership as well as experts about the science of energy management, organizational change and strategic thinking.

Attendees will also have access to the Leadership in Action suite of online courses, which provide techniques for cultivating a collaborative team environment. The virtual event has no travel costs and will be followed by opportunities to reconnect at working sessions throughout the year. Register here.

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OBA education corner …

April showers bring May flowers and new OBA education events! Check them out 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.

  • 2021 Teller Seminars, April 26, Oklahoma City, April 27, Pete’s Place — The program zeroes in on six modules that remind your tellers of the importance of what they do, how they do it, what they say, and how they deliver customer service. Essential Teller Issues is an information-packed, attention grabbing fast-paced workshop.
  • Commercial Loan Defaults and Workouts, webinar, April 28 — This program will cover guidelines for the Bank in a workout situation, including the documentation to consider before, during and after negotiations take place with borrowers and guarantors.
  • Implementing the Fair Debt Collection Act and Reg F, webinar, May 3 — This program is designed for senior lending management, collection personnel, loan officers, compliance officers, and auditors. Whether new to the requirements of FDCPA and Regulation F or a seasoned veteran, this program provides a comprehensive review of the revisions.
  • Fair Lending, webinar, May 4 — This webinar will dissect the regulatory requirements and examiner expectations related to Fair Lending in plain English.
  • Effective Remote Deposit Capture Program and Regulatory Guidelines, webinar, May 4 — Join us as we outline the detailed information you should consider adding to your documents and processes to support a thorough due diligence, risk assessment, and annual oversight of your customers.
  • Dealing with Subpoenas, Summonses, Garnishments, Etc., webinar,  May 6 — This webinar will provide attendees with the best practices and red flags for dealing with the various legal documents served upon financial institutions.
  • Bank Call Report Preparation for Beginners – Five Part Series, webinar, May 6 — This webinar is designed for bankers new to Call Report, or those who need a refresher course.
  • Advanced Commercial Lending C&I Lending Seminar, May 7, Oklahoma City — This two-part seminar will cover commercial & lending in today’s competitive market, and commercial real estate lending in today’s economy.

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