Week of March 6

In This Issue…

OBA Bankers’ Night Out programs ready for spring

The dates for the OBA Bankers’ Night Out programs have been finalized. 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. Click here for a registration form.

Locations and dates for this year’s events are:

  • Tulsa, March 27.
  • Oklahoma City, March 28.
  • Guymon, March 30.
  • Enid, April 6.
  • Krebs, April 10.

Click here to access sponsorship information. Please contact Thi Pham (thi@oba.com) for sponsorship questions.

Back to top

Survey finds bank customers want more financial education for youth

As bank customers start to resign themselves to another year of persistently high inflation, many have grown increasingly aware of their own lack of financial literacy.

In a recent survey published by J.D. Power, 91% believe financial literacy is at least a moderate problem today among those under age 25, with 35% viewing it as an extreme problem. More than three-fourths (78%) believe in teaching financial literacy in high school, yet 32% say their state does not require financial literacy today, while 51% are unsure.

You can click here to read the results from the survey by J.D. Power, along with the company’s conclusions.

Back to top

Welcome, new strategic members!

NPVal, LLC Real Estate Valuation and Consulting
Founded by Darin Dalbom, MAI, NPVal is a full-service commercial property valuation firm with 15 appraisers covering Tulsa and Oklahoma City, smaller communities and tertiary areas within Oklahoma. We cover all property types, including specialties (farms and ranches, communication towers, billboards, and going concerns such as convenience stores, funeral homes, car washes, hotels, etc.). We performed over 1,500 commercial appraisal assignments statewide in 2022.
Contact: Darin A. Dalbom, MAI
15309 Fountain Creek Lane
Edmond, OK 73013
Phone: (918) 857-9190
Email: darin.dalbom@npval.com
Website: https://npval.com

Chippewa Valley Bank
We offer lending services to holding companies for capital injections, mergers and acquisitions, and shareholder buyouts at great terms with outstanding customer services.
Contact: Ryan Gerber or Rick Gerber
PO Box 13098
Hayward, WI 54843
Phone: (866) 282-3501
Email: ryang@chippewavalleybank.com or rickg@chippewavalleybank.com
Website: chippewavalleybank.com

eCapital provides freight factoring, invoice factoring, lines of credit, asset-based lending, payroll funding and equipment financing to small to medium businesses, We value our bank partnerships and work closely with our banking partners to find the right solution for their clients who are no longer a fit for the bank.
Contact: Amanda Bowman
20807 Biscayne Blvd., Suite 203
Adventura, FL 33180
Phone: (786) 850-0446 CELL: (405) 826-2320
Email: Amanda.Bowman@ecapital.com
Website: www.eCapital.com

Back to top

OBA education corner …

It sure feels like spring has sprung after the past few days! Of course, being Oklahoma – and looking at the weather forecast – it’s probably not wise to go ahead and throw all your jackets and pullovers into the storage bin right away. While trying to decide what to wear each day, take a little time to prepare for upcoming continuing education opportunities available through the OBA:

  • How to Create an Engaged Workforce, March 13, webinar — What evidence do you have that your employees have a clear understanding of how their work aligns with your company goals and vision? Are they proud to be a member of your team, feel their skills and experience are fully utilized and have everything they need to be successful in their role.
  • HMDA Essentials, March 14, webinar — This two-hour webinar provides insight into the murky areas of HMDA which may result in the failure to report the appropriate loans on the LAR or errors in reported data fields.
  • Responsibilities of the Information Security Officer, March 14, webinar — This presentation is for those who are new to the role or have been the ISO for some time but want to review what is expected and how to be successful.
  • Managing a Successful Call Center, March 15, webinar — This webinar is intended to assist call center managers in ensuring they have well-trained agents in the call center who execute their responsibilities and duties effectively, the call center’s internal processes are top-notch and they know how to effectively use the technology.
  • Wire Transfers: Staying Compliant and Avoiding Fraud Loss, March 16, webinar — Funds transfer fraud causes millions of dollars in losses for businesses and financial institutions every year. In 2022 alone, financial institutions filed over 300,000 Suspicious Activity Reports on incidents of wire fraud and/or suspicious funds transfers! What steps can be taken to protect your institution and your account holders?
  • Call Report Update – Live Streaming, March 21, webinar — This six-hour live streaming webinar will provide information on new, proposed, and revised changes to the Call Report with identification of specific Call Report line items impacting March 2023 and beyond. Accounting guidance and regulatory changes will be discussed and presented in order to update those with Call Report preparation and review responsibilities.
  • Avoiding Check Fraud Liability: From Prevention to Loss Allocation, March 21, webinar — This webinar provides attendees with tips to avoid check fraud losses, as well as an overview of the laws that apply to loss allocation when check fraud occurs.
  • Understanding Commercial Loan Documents, March 22, webinar — The instructor will lead participants through all sections of the various required loan documents.
  • Top 10 Loan Documents Mistakes and How to Avoid Them, March 23, webinar — Learn the “right thing to do” and avoid frequent exceptions and mistakes.
  • Active Shooter Prevention & Response, March 28, webinar — Are you prepared for an active shooter event at your bank? Do you and your fellow employees know what to do if it happens? Don’t leave these questions to chance. Attend this webinar to find out what you need to know to prevent and survive an act of violence.
  • The Perfect Collision: 1071, CRA, Fair Lending, March 29, Oklahoma City — This program explains the intersection and gaps between the regulations and the current proposals. Knowing what is in place and what to expect will aid institutions in understanding the risks to have a plan in place to avoid issues.

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.

Additionally, the Oklahoma Bankers Association 2023 Senior Management Conference is scheduled for April 2-4 at the Bellagio in Las Vegas. One of the key benefits in the conference will be talking with your peers. Attendees at the OBA 2022 Senior Management Conference will be surrounded by those with similar titles, similar workloads, similar problems and likely solutions to issues that can be just as similar. If you have any questions or want to get signed up, contact the OBA’s education department at 405-424-5252.

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 2023-2024 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.

Back to top