Saturday, September 24, 2022

Week of March 28

In This Issue…

OBA-led garnishments bill passes state senate committee

The OBA-sponsored garnishments bill, HB 3541, passed out of the Oklahoma Senate Judiciary Committee today by a unanimous 9-0 vote.

The bill would increase the fee the creditor must remit for costs incurred in answering a garnishment summons from $25 to $35. It would also make it so the garnishee would not be required to attach fund of the judgment debtor until the fee is received.

“We’ve heard from numerous bankers how changes to the garnishment laws have significantly reduced the number of garnishment summons bankers have received,” OBA President and CEO Adrian Beverage said. “We hope, with the increase in costs to the judgement creditor, to continue to see a decline in the shotgun approach to these summons.”

The bill will now move to the full Senate for approval. If it passes there, it will move to the House and, finally, the governor’s desk for final passage.

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FDIC seeks information on bank mergers

The FDIC released a request for information last week, as it seeks input on bank merger transactions, particularly wanting comments regarding the application of the laws, practices, rules, regulations, guidance and statements of policy that apply to merger transactions involving one or more insured depository institutions, including the merger between an insured depository institution and a non-insured institution.

The FDIC stated significant changes over the past several decades in the banking industry and financial system warrant a review of the regulatory framework. The RFI is intended to help inform the FDIC’s understanding and any potential policymaking in this area.

The FDIC encourages comments from all interested parties within 60 days of publication in the Federal Register.

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Interested in leading our Emerging Leaders? Deadline to apply is this week!

The OBA is looking for bankers interested in serving as chairperson of the OBA Emerging Leaders Division.

Any OBA Emerging Leaders who are currently enrolled in the OBA Emerging Leaders Academy or have previously graduated from an OBA Emerging Leaders Academy or OBA Leadership Academy are eligible for the position.

The Emerging Leaders chair will serve a two-year term and will work closely with OBA staff to continue to build and direct the OBA Emerging Leaders program. The chairperson will also serve as a voting member on the OBA Board of Directors.

Are you interested? If so, click here to download the Emerging Leaders-Chair Interest Form. The deadline to return the form is March 31.

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Bankers’ Night Out programs continue this week in Lawton, Krebs

The dates for the OBA Bankers’ Night Out programs have been finalized, with the Lawton and Krebs dates this week. 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:

  • 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:

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 – the deadline for submission is Friday, April 1. If you have any questions, please contact Janis Reeser at 405-424-5252 or janis@oba.com.

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