Week of June 13

In This Issue…

Training opportunity for lienholders on Wednesday

Effective July 1, Oklahoma will become a title-holding state. The Oklahoma Tax Commission has scheduled training calls for lienholders on the new rules and regulations, with the first one scheduled Wednesday.

June 15, 2022 at 2 p.m. Click here to join the June 15, 2022 2 p.m. meeting
June 22, 2022 at 10 a.m. Click here to join the June 22, 2022 10 a.m. meeting
June 24, 2022 at 10 a.m. Click here to join the June 24, 2022 10 a.m. meeting

You can also RSVP to a Teams call by emailing Sherry Beaird at sherry.beaird@tax.ok.gov with the session you would like to attend.

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OBA, ABA, other state bankers associations urge House to reject credit union legislation

The OBA, along with the American Bankers Association and 50 other state bankers associations asked House Rules Committee members via a letter on June 9 (.pdf) to reject including credit union charter enhancement legislation as part of H.R. 2543, the Financial Services Racial Equity, Inclusion and Economic Justice Act.

H.R. 7003, which has been added to H.R. 2543, is “self-serving” credit union legislation that, according to the banking associations, is “masquerading as a financial inclusion initiative.” The bill would expand field of membership and commercial lending authority for tax-exempt credit unions by claiming those charter enhancements would improve access to financial services in underserved areas. Community credit unions can already serve underserved areas if they identify a local need and choose to do so, the banking groups pointed out.

You can click here (.pdf) to download the letter.

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Oklahoma Bankers Hall of Fame taking nominations for 2022 inductees

The OBA will be taking nominations for 2022 Oklahoma Bankers Hall of Fame inductees through the middle of July.

The Hall of Fame was created by the OBA Board of Directors to honor individual bankers for their contributions to the banking industry and the State of Oklahoma. In addition, the Hall of Fame is intended to recognize bankers’ achievements on behalf of the Association’s member banks.

Oklahoma Bankers Hall of Fame overview.
Oklahoma Bankers Hall of Fame nomination instructions.
Oklahoma Bankers Hall of Fame nomination form.

The following criteria will be considered by the nominating committee when selecting individuals to be nominated for selection to the Hall of Fame:

  • Affiliation (past or present) with an Association member bank.
  • Service on boards or committees of the Association.
  • Participation in the activities of banker trade associations at the national level, such as the American Bankers Association and Independent Community Bankers of America.
  • Contributions to the development, improvement and growth of the banking industry in Oklahoma.
  • Whether the individual has had a significant impact on the manner in which financial services are provided to consumers.
  • The individual has demonstrated the importance of community involvement and participation in the work of various community groups at the local, state and national levels.
  • The number of years of service to the state and the industry.

Nominations for induction into the Oklahoma Bankers Hall of Fame may be made by any bank employee of an Oklahoma bank. There is no limit on the number of nominees that can be presented to the nominating committee in any given year. Nominees may be either living or deceased.

Nomination forms are available by clicking here and can also be obtained by calling the Association (405/424-5252) or emailing info@oba.com. Anyone who was on the ballot previously but not elected will automatically be included with applications received this year for ballot selection by the Nominating Committee. They don’t need to do anything but are welcome to “update” their application if they’d like. The application and other helpful information are available on our website.

Note: The deadline for receipt of applications is July 15, 2022.

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OBA brings back salary compensation survey

The OBA is partnering with Blanchard Consulting Group to offer the 2022 Salary and Cash Compensation Survey, with specific reporting on Oklahoma banks.

This survey focuses on gathering salary and cash compensation (salary plus annual cash incentive/bonus) data for approximately 25 executive positions and over 150 middle management and staff level positions. This data can be used by human resource professionals to assist in assessing the competitiveness of base salary for most positions in your bank, developing or managing salary grades, and making salary increase decisions.

To complete the survey, or to find out more information, please download the form by clicking here. If you would like to pre-order your copy of the survey or if you have any survey questions, please contact Laura Roth at surveys@blanchardc.com or 612-886-1225.

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Allen banker featured in Gaylord College news outlet

Allen banker, and current OBA board member, Debbie Ward was recently featured in a story in the Gaylord News outlet, a reporting project of the University of Oklahoma’s Gaylord College of Journalism and Mass Communication.

Ward, president and CEO of Farmers State Bank in Allen, also doubles as the official timekeeper in the Ward Rodeo Company. Former OBA Communications Intern Payton Moody wrote about Ward’s rodeo gig in an article for the news service.

Click here to read the article on the Gaylord News website.

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Office Depot discount program now through ODP Business Solutions

Office Depot Business Solutions Division has rebranded as ODP Business Solutions. However, the OBA’s discount program through the company will remain the same.

Click here to find out more about the discount program, which is free to all member banks, or feel free to contact Thi Pham at the OBA for more info.

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OBA education corner …

Well, that escalated quickly! The temperature, to be specific. Summer may not be OFFICIALLY here, but c’mon man, it’s here. Stay inside where it’s cool, and take advantage of our webinar opportunities during the summer – check out the events below!

  • Right of Setoff, June 22, webinar — The Right of Setoff is a complicated, but very effective tool for collecting debts owed to a bank. Learn the best practices and dangers that can arise when using the power.
  • Treasury Management: A Powerful Tool to Increase Deposits and Fee Income, June 23, webinar — You will walk away from this course with a deeper knowledge of treasury management, learn to conduct risk assessments on new products and learn strategies to increase core deposits.
  • New Flood Insurance Q&As, June 29, webinar — Nearly 150 flood insurance questions and answers were finalized on May 11. Some are new, some were reworded and some provide more clarity than we had before.

Also, take note of The Conference for Bank & Credit Union Trainers, which will be held in Dallas on Sept. 26-28. This annual educational event brings together hundreds of training professionals, representing financial institutions from across the country and beyond. Click here for more information!

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