In This Issue…
Alvidrez takes over as OBA chair
We want to inform our membership that, as of today, Amada Alvidrez is current acting chair of the OBA.
Alvidrez is regional retail manager of Equity Bank in Guymon and had been currently serving as OBA vice chair.
Previous chair, Kyle Hughbanks, stepped down from his position as president and CEO of BancCentral, N.A., Alva, earlier this week. According to OBA bylaws, the OBA board and chair positions must be held by bankers currently employed at OBA-member banks. Therefore, the remaining term of Hughbanks’ position automatically passes to Vice Chair Alvidrez.
According to the bylaws, the former chair can re-assume the position, if he or she chooses, if he or she takes employment at another OBA-member bank within 60 days. Meanwhile, Alvidrez will still serve her full term as chair beginning at the OBA Convention in May.
As always, your Association wishes to remain transparent and forthwith with information for our membership as possible: Please do not hesitate to reach out to OBA President and CEO Adrian Beverage (email@example.com) with any questions and/or concerns.
2022 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.
OBA education corner …
From snow shovels to sun umbrellas, the Oklahoma weather never fails to impress. While trying to figure out what to wear to work this week, take a second to peruse the upcoming education opportunities, including the following:
- Federal Benefit Payments Garnishment Requirements, Feb. 16, webinar — Compliance officers, legal counsel and financial institution personnel who process garnishment answers should think about tuning in to this webinar.
- Implementing the Fair Debt Collection Practices Act and Regulation F, Feb. 16, webinar — This program provides a review of both parts of the final Regulation F. The rules apply directly to financial institutions if the institution is collecting a debt owed to a third party or is collecting its own debt, but is using a different name.
- Online Account Opening, Feb. 17, webinar — During this program we will cover all the compliance issues for opening deposit accounts online. This includes Customer Identification Program (CIP), Federal Regulations, Signature Cards, Signatures and Customer Due Diligence (CDD) rules.
- Does Your Business Continuity Program Meet Regulatory Expectations?, Feb. 18, webinar — This webinar will provide recommendations on how to update your Plan to meet regulators expectations.
- Electronic Fund Transfers FAQs, Feb. 22, webinar — The CFPB released new and updated FAQs for Regulation E. The FAQs fall into four categories and we will review all of the new and updated FAQs during this program.
- Fair Lending – Understanding the Basics and How to Conduct a Comparative File Review, Feb. 23, webinar — The discussion regarding fair lending issues will be a great refresher for all of your mortgage loan originators.
- What To Do When A Customer Dies, Feb. 24, webinar — This webinar focuses on the deposit and loan issues that arise when a customer dies.
- Health Savings Accounts – Annual Update and Review, Feb. 25, webinar — Health Savings Accounts were signed into law over 15 years ago and they still seem to generate more questions than answers. It is pretty amazing the rampant abuse has not disqualified this product. What are the bank’s responsibilities when it comes to correcting mistakes?
- 2022 Call Report Seminar, March 2, Oklahoma City — This training will cover new accounting and regulatory matters that impact the financial services industry and require reporting changes currently impacting the Call Report and those scheduled to impact the first quarterly filing for March 31, 2022. The impact of the CARES Act with termination pending, and related regulatory interim and final rules resulting from the COVID-19 crisis will be discussed.
Also, the OBA is proud to promote the recognition of bankers who have devoted 50 or more years of service to the banking industry. All eligible nominees will be honored at the 2022 OBA Convention on May 18-20 at the Omni in Oklahoma City. Click here to download a nomination form. If you have any questions, please contact Janis Reeser at 405-424-5252 or firstname.lastname@example.org.
Finally, NOW is the time to get involved in your Association, and one good way to accomplish this is to join one of our committees! We are now taking names for those interested in our committees for the 2021-20220 year. By participating with the group three to four times a year, you learn more about your profession, meet other bankers, share ideas and become better at what you do. Click here to download an interest form!