Saturday, April 13, 2024

Week of July 31

In This Issue…

Southwestern Kansas bank closes

State regulators on Friday closed Heartland Tri-State Bank in Elkhart, Kansas, and named the FDIC as receiver.

The FDIC entered into an agreement with Dream First Bank in Syracuse, Kansas, to assume all of the failed bank’s $130 million in deposits and to purchase essentially all of the bank’s $139 million in assets. As part of the purchase, the FDIC agreed with Dream First to share losses and potential recoveries on the loans purchased from the failed bank.

The failure – the fourth of 2023 and the first community bank to fail this year – is expected to cost the Deposit Insurance Fund $54.2 million.

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Oklahoma Housing Finance Agency schedules additional input sessions

The Oklahoma Housing Finance Agency continues to seek public input regarding the Oklahoma Housing Stability Program. Once finalized, this program will provide $215 million for the following purposes:

  • New construction of single family homes.
  • New construction of multifamily rental housing.
  • Homebuyer down payment and closing cost assistance.

Visit the OHFA’s website for program information and to register for one of the upcoming input sessions in the first half of August. OHFA will soon release an updated draft white paper and application drafts along with a summary of received comments.

The public is invited to participate by attending one of these sessions and/or providing comment on the program’s draft white paper utilizing this discussion board

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OBA Emerging Leaders Academy accepting applications

Take note the OBA 2023-24 Emerging Leaders Academy is currently accepting applications.

We’re looking for the best and brightest bankers who seek to sharpen their leadership skills. The Academy will help you reach new heights with powerful speakers offering information leaders need for effectively maneuvering in today’s business climate. Each session helps participants become true leaders by understanding those around you through non-traditional methods.

The OBA extends an invitation to any employee of a bank that is a member of the OBA to apply. A panel of bankers will review the applicants and choose those accepted into the Academy (maximum 30 bankers). Participants must attend all sessions to successfully graduate from the program.

There are six sessions to the Academy: Nov. 2, Dec. 7, Jan. 26, Feb. 28, March 28, April 26. Graduation will take place in May 2024 at the OBA Annual Convention.

Click here to apply! Also, for more information, please contact Megan McGuire at (405) 424-5252 or megan@oba.com.

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OBA education corner …

It’s officially the dog days of summer. You know, where’s its pushing 100 degrees each day, football season is still a month away and school still hasn’t started. It’s enough that just thinking about it will make the back of your neck dirty and gritty. Seriously, the heat makes you want to just get out of the desert with no destination in mind. While you’re heading to those seashores, take a little time to prepare for upcoming continuing education opportunities available through the OBA:

  • Flood Insurance Essentials, Aug. 9, webinar — This two-hour webinar explains the issues financial institutions face regarding flood insurance and the essentials needed to comply. Participants will receive a detailed manual that serves as a handbook long after the program is completed.
  • Everything You Need to Know About Reg CC: Holds, Funds Availability, Disclosures & More, Aug. 16, webinar — Hold that check! But … wait, how long can we hold that check? What reasons do we give the account holder for placing the hold? Can we place a hold on a business account? In this session, we will answer all of these questions and more.
  • Best-Ever Compliance Checklists for Consumer Loans, Aug. 16, webinar — These colorful and easy-to-use checklists are designed to chronologically lead lenders and processors through the various lending compliance requirements.
  • 2023 Audit Seminar, Aug. 17, Oklahoma City — The seminar will focus on the key aspects of a strong internal audit program, internal audit in a modern financial institution, and current events in the banking industry.
  • Garnishments of Federal Benefit Payments: What a Banker Needs to Know, Aug. 17, webinar — This webinar provides participants with the federal rules that are applicable when processing garnishments on deposit accounts receiving federal benefit payments.
  • 2023 Basic New Accounts Seminars, Aug. 29-Tulsa; Aug. 30-Oklahoma City — Unfortunately, new account personnel are too often trained “on the job,” which results in an environment of potential vulnerability and unnecessary losses for the bank.
  • Supervisor Bootcamp, Sept. 6-Tulsa; Sept. 7-Oklahoma City — Whether you are new or seasoned supervisors, attendees find this supervisor training invigorating, motivating and applicable to managing and supervising others. You will learn how to manage crucial conversations and challenging situations. You will practice a coaching approach that encourages your staff to be engaged and accountable.

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