Wednesday, November 30, 2022

Week of Nov. 29

In This Issue…

Banks stay strong as banking system conditions improved in 2021

The banking system’s financial situation remained improved in the first half of 2021, according to the Federal Reserve’s latest supervision and regulation report released last week.

Banks saw early signs of loan growth emerge, along with reducing delinquencies and forbearances, and a rise in profitability, as the economic recovery from COVID-19 progressed in the first half of the year, according to the Fed.

To read the full supervision and regulation report, click here.

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2021 Oklahoma Bankers Hall of Fame induction ceremony set for Thursday

The OBA is proud to announce the group of inductees for the Oklahoma Bankers Hall of Fame, with the ceremony set for Dec. 2 in Oklahoma City.

Bruce Benbrook, a longtime Woodward banker who is currently CEO and chairman of The Stock Exchange Bank in Woodward; Steve Burrage, a southeastern Oklahoma stalwart who is chairman of FirstBank in Antlers; the Tulsa-area’s Carlisle Mabrey III, current executive chairman with Mabrey Bank, based in Bixby; and the late Tracy Kelly, a longtime Bristow banker who was a guiding force for SpiritBank, will comprise the third group to be inducted into the Hall of Fame, as voted on by a panel of their banking industry peers.

The luncheon and induction ceremony is scheduled for 11:30 a.m. on Thursday at the Oklahoma History Center, which is located at 800 Nazih Zuhdi Dr., in Oklahoma City.

For more information, please contact Nancy McKinnis at the OBA (nancy@oba.com).

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OBA education corner …

The holiday season is upon us! Time to get the presents wrapped and put up the tree. But don’t let it distract you from all the upcoming education opportunities we have to offer, including the following:

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).

  • Commercial & Business Lending Basics for Support Personnel, Dec. 6, webinar — Support personnel have a key role and stake in the commercial and business lending process, and they can help to create a safe and sound loan portfolio. Many would say that support personnel are the backbone of a good leading team. This program takes the perspective of a non-lender, and what goes on during the process of analyzing and approving a loan, focusing on commercial and business loans.
  • Understanding Revocable and Irrevocable Trust Documents, Dec. 7, webinar — Financial institutions are required to complete transactions for customers who have created revocable and irrevocable trusts. To protect your financial institution’s interests when using these documents, it is imperative to understand the basic do’s and don’ts. This presentation will provide financial institution personnel with best practices to use when dealing with these complex legal documents.
  • Overdraft Programs – The Danger Zones, Dec. 7, webinar — This webinar will cover an array of topics including understanding the regulations, the guidance and regulatory environment, as well as the authorization of positive and settle negatives.
  • Handling Legal Documents – POAs, Trusts, Estates and Guardianships, Dec. 8, webinar During this program we will look at the high risk involved in fiduciary accounts and the legal documents that come with them. From guardianships to power of attorneys, we will look at the key players, who can do what, and whether you can refuse the account.
  • IRS Information Reporting: Rules and Forms, Dec. 8, webinar — It’s that time of the year again – when thoughts turn to IRS reporting issues and the myriad rules to follow and forms to complete. Learn about the many forms financial institutions must report, with an emphasis on when and exactly what to report. We’ll include easy-to-follow charts to complete each form.
  • Regulation E: Errors & Disputes, Dec. 9, webinarACH, ATM and Debit Card error resolution rules are confusing. There are Regulation E rules and VISA or MasterCard rules that don’t always sync up. While the math behind zero liability is easy, the rest can be very hard to understand. This is also an area that has seen more examiner scrutiny in the last couple of years. Make sure your error resolution processes are up to speed! This webinar will dissect the Regulation E error resolution requirements in plain English.
  • Notary Public, Dec. 14, webinar — Being a notary public is a responsibility assumed by many financial institution employees. Unfortunately, most do not understand the personal liability when agreeing to serve in this capacity. Notaries and others will learn best practices for dealing with issues unique to the financial industry. Help your team know their responsibilities, plus learn basic laws, liability and reviews of various notarial acts.
  • BSA Year End Round Up, Dec. 15, webinar — Your year end BSA wrap up will feature all areas of interest for BSA Officers as we close out one year and begin another. What is new and what is pending? This program will bring 2021 into focus for those of you managing BSA and all its parts.
  • Quarterly Compliance Briefing: Winter 2021, Dec. 15, webinar — Keeping up with changes and deadlines in the compliance area gets more complex every year. Now, we can assist you with that task.
  • Outsourced Third Party Risk Management Program, Dec. 20, webinar — Outsourced Third Party (Vendor) Risk Management is a top priority with the regulators. Therefore, ensuring your Program is not only going to be effective but also meet with their expectations needs to be a priority for financial institutions. Susan Orr has assisted numerous institutions with developing their Outsourced Third Party Risk Management Program and will share her insights into developing an effective program in this webinar.
  • Untangling the Web of Fee Disclosures, Dec. 21, webinar — This webinar will cover various topics including violations of financial rules contained in §1026.4 and the improper categorization of fees on the TRID disclosures.

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