Saturday, September 24, 2022

Week of March 21

In This Issue…

Bloom Raskin withdraws from Fed candidacy

Sarah Bloom Raskin, President Joe Biden’s nominee for vice chair for supervision for the Federal Reserve, withdrew her candidacy last week.

The previous week, Sen. Joe Manchin, a West Virginia Democrat representing a key energy-producing state, said he would join Senate Republicans in opposing Bloom Raskin’s confirmation. In the 50-50 Senate, his announcement dealt a final blow to the nomination. Bloom Raskin faced stiff opposition in the Senate based on her stance on climate change and fear she could discourage banks from lending to fossil fuel companies.

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News article discusses state bills that scrutinize banks over treatment of firearm industry

An article in a recent edition of The Bond Buyer, a national online financial news magazine, dug into the recent spate of bills across several states that would subject banks to a litmus test over their treatment of the firearm industry to participate in municipal bond financings.

OBA President and CEO Adrian Beverage was quoted in the article about a similar bill in Oklahoma, HB 3144, which the OBA is not supportive of in its current language. The bill would provide that a governmental entity may not enter into a contract with a company for the purchase of goods or services unless the contract contains a written verification from the company that it does not have a practice, policy, guidance, or directive that discriminates against a firearm entity or firearm trade association and will not discriminate during the term of the contract against a firearm entity or firearm trade association.

Click here to read the entire article in The Bond Buyer (free registration required, or use current American Banker login).

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Bankers’ Night Out programs start this week in Enid

The dates for the OBA Bankers’ Night Out programs have been finalized, with the Enid date coming on Wednesday. Mark your calendar for the date of the program that’s in your area of the state and plan to attend.

Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. In addition to state and federal legislative updates, the program will include a discussion on the recent developments in your industry.

As in the past, the schedule for each of these meetings is:

5:30 p.m. – Drinks
6:15 p.m. – Program
7 p.m. – Dinner

PRE-REGISTRATION IS REQUIRED. The cost is $50 per person. Locations and dates for this year’s events are:

  • Wednesday, March 23 – Enid at Oakwood Country Club.
  • Tuesday, March 29 – Lawton at Lawton Country Club.
  • Thursday, March 31 – Krebs at Pete’s Place.
  • Thursday, April 14 – Guymon at Hunny’s.
  • Monday, April 18 – Tulsa at Tulsa Marriott Southern Hills.
  • Wednesday, April 27 – Oklahoma City at Embassy Suites Downtown/Medical Center.

Click here for a registration form or register online. Also, click here for a sponsorship form.

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OBA education corner …

It’s definitely spring in Oklahoma: rain, then sunshine, then cool weather and then tornadoes and thunderstorms. As you try to figure out whether to break out the umbrella or heavy jacket, take a break and sit down to plan out your upcoming continuing educational schedule, including the following:

  • Best-Ever Compliance Checklists for Commercial Loans, April 1, Oklahoma City — This colorful checklist, patterned after the popular Best-Ever Consumer Checklists, will guide bankers through those traps and ensure compliance.
  • Handling Deceased Accounts, April 5, webinar — Learn about checks, IRAs, deposit ownership, trusts, UTMA, affidavits of heirship and other complex issues that can occur when a customer is deceased.
  • Controlling the Risks of Power of Attorney Documents, April 6, webinar — This webinar will provide attendees with the best practices and pitfalls of dealing with power of attorney documents.
  • Bi-Monthly Compliance Briefing – April 2022, April 7, webinar — A bi-monthly update to help you keep up with changes and deadlines in the compliance area in a quick and easy format.
  • Basic Personal & Business Tax Return Seminar, April 8, Oklahoma City — Attend this proactive seminar and gain an understanding of the often complex and confusing topic of TAXES!
  • Commercial Loan Defaults and Workouts, April 8, webinar — 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.
  • Overdraft Requirements & Best Practices, April 12, webinar — It’s imperative you are aware of the current regulatory requirements, guidance and expectations to keep your bank out of trouble!
  • 2022 CFO Conference, April 14, Oklahoma City — Please join us and learn how to manage all critical aspects such as strategic planning, interest rate risk analysis, risk management and capital and funding requirements that can positively influence your bank’s profitability.
  • 2022 Spring HR Seminar, April 19, Oklahoma City — This seminar will bring you up to date on legal compliance issues and pending legislation for the future.
  • BSA Fundamentals Seminars, April 26-Tulsa; April 27-Oklahoma City — This workshop will provide current, updated tools, techniques, and “real world” examples for learning the critical components of a BSA/AML program.

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 janis@oba.com.

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