Wednesday, July 24, 2024

Week of Dec. 13

In This Issue…

OBA taking donations for tornado victims

Last week, Kentucky suffered severe tornado damage, the worst in state history. The primary tornado was tracked as being on ground for more than 200 miles, impacting at least 19 counties and four other states.

Banks are located in each of those counties. Each of those banks, even if not hit directly by the tornado, are suffering losses in their communities.  We don’t know the extent of the losses yet, but we know that it will be severe for many.

Please consider making donations to the Oklahoma Bankers Foundation.  Contributions will be forwarded to the Kentucky Bankers Relief Fund which will use 100% of the contributions toward necessary resources.  Payments should be mailed to Oklahoma Bankers Association at P.O. Box 960173, Oklahoma City, OK, 73196-0173.

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OCC nominee withdraws from consideration

President Joe Biden announced last week that Saule Omarova’s nomination to run the Office of the Comptroller of the Currency would be withdrawn, citing Republican senators’ criticism of her vision for banking regulation.

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OBA education corner …

We bet Mariah Carey has already belted an umpteenth version of “All I Want For Christmas Is You” in your office. Take your mind off the caroling diva and distract yourself with our upcoming education opportunities we have to offer, including the following:

  • Director Compensation and Compensation Committee Best Practices, Dec. 22, webinar — This session summarizes relevant compensation regulations and their impacts on director pay.
  • Loan Structure Documentation and Compliance Seminar, Jan. 12-Tulsa; Jan. 13-Oklahoma City — Attend this proactive seminar and receive a thorough overview of commercial lending requirements from a “loan” structure, documentation, and compliance perspective.
  • 2022 Compliance Update Operations, Jan. 27-TulsaFeb. 2- Oklahoma City — The 2022 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.
  • 2022 OBA Intermediate School, Feb. 7-11, June 6-10, Oklahoma City — Presented in two sessions, this school is designed to prepare students to serve effectively and profitably the needs and desires of their banks and the banking public. A major objective of the program is to instill an appreciation for and an understanding of the operations and interrelationships of departments within a bank.

One education program, in particular, to be aware of is the OBA Intern Program. The Intern Program will be active in 2022 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, 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. To fill out an application, click here.

Finally, we have the dates confirmed for these events:

  • Senior Management Forum, April 3-5, The Bellagio, Las Vegas.
  • Convention, May 18-20, The Omni, Oklahoma City.

Look for more information to be hitting your banks soon!

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