Saturday, May 25, 2024

Week of Oct. 9

In This Issue…

From Adrian’s desk …

By Adrian Beverage
OBA President & CEO

Just some random tidbits that might be of interest to our bankers this week!

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I’m in Nashville today, and through the first half of the week, at the American Bankers Association Annual Convention. This year’s convention features keynote addresses from Michael Barr, vice chair for supervision of the Board of Governors of the Federal Reserve System; and Dr. Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta.

I hope to bring back plenty of tidbits from all the information sessions, as well as network with my peers across the country and chat with the large contingent of Oklahoma bankers in attendance!

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The results of a recent poll caught my eye a few days ago. In a survey, 53% of U.S. respondents said their bank or bank’s financial adviser is important in helping them reach their financial goals, which is up from 49% at the same time last year.

To me, it simply highlights the importance bankers have to their customers, and how it’s growing each and every day.

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Nebraska whipped another opponent into submission on Friday, absolutely walloping a previously dominant Illinois team.

OK, so the score was really just 20-7 in favor of my ‘Huskers, and Illinois limped out of the game with a 2-4 record. Plus, the drive chart in the second half for both team was a picture of irrepressible dysfunction. Still, a win is a win, right?!

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Organizations urge Congress to extend New Markets Tax Credits

The American Bankers Association, a handful of Oklahoma-based businesses and several other organizations last week  joined together in a letter urging President Joe Biden and Congress to permanently extend the New Markets Tax Credit program, calling it an important source of funding for business and community development projects.

Central Oklahoma Habitat for Humanity, Inc., Metafund Corporation and New Markets Redevelopment, LLC, all in Oklahoma City; along with Citizen Potawatomi Community Development Corporation, in Shawnee, co-signed on a letter with the ABA and more than 700 others touting the program.

The tax credit is set to expire in 2025. Two bills currently before Congress, however, would make the program permanent.

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Check out ABA’s Check Fraud Claim Directory

The ABA created the Check Fraud Claim Directory to help banks of all sizes resolve check fraud claims as efficiently as possible.

The directory provides contact information for banks needing to file a check warranty breach claim with another financial institution. The directory is searchable by bank name, city, state or FDIC number so banks can easily find a person or email address at the bank to help resolve a warranty breach claim. A PDF with detailed information is available for those banks that provided documentation requirements for filing a claim. To access the directory, your bank must participate by providing its fraud contacts.

The more banks that participate in the directory, the more helpful it will be to the industry. It’s a great program, but only strong if as many banks as possible participate!

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OBA schedules Oktoberfest Golf Tournament

Show off your golfing skills or simply join your banking peers as a social registrant at the 2023 OBA Oktoberfest Golf Tournament on Oct. 23 at River Oaks Golf Club in Edmond.

The tournament fee is $150 and the registration deadline is Oct. 20. The tournament will begin with registration and lunch. Immediately following the tournament, we will hold an awards ceremony. Sign up now to reserve your spot. We hope to see you on the course!

Not golfing? Join your banking peers as a social attendee for lunch, refreshments and fellowship on the patio. Social attendee registration fee is $50.

Click here to access the registration form. If you are interested in sponsorship opportunities, contact Thi Pham.

Tournament Schedule
10 a.m. — Registration
11 a.m. — Lunch
12 p.m. — Shotgun Start
Immediately Following Golf — Awards

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OBA education corner …

Autumn actually FEELS like it’s here, and it happened really quickly on Friday! The day went from t-shirt-and-shorts weather, to hoodie season by the time many of us attended a high school football game that evening. Whether you enjoy the cool weather, or already miss summer, take the time to prepare for upcoming continuing education opportunities available through the OBA:

  • ACH for Lenders and Cash Managers, Oct. 17, webinar — If ACH is a product that you are selling, or want to sell, and ACH is new to you, you’ll want to join us for this webinar.
  • CRE Lending: Cash Flow Analysis & Cap Rates, Oct. 23, webinar — We’ll learn that CRE cash flow involves more than earnings before interest, taxes, depreciation and amortization (EBITDA) for a debt service coverage (DSC), and that we should be using the updated cash flow to help update the underlying collateral value as part of ongoing loan monitoring.
  • Opening Accounts for Non-Resident Aliens, Oct. 24, webinar — Since the USA PATRIOT Act, Customer Identification Program (CIP) law passed, opening these accounts and covering the required documentation and identification bases makes dealing with these accounts more challenging than ever.
  • Workplace Violence: What You Don’t Know CAN Hurt You, Oct. 25, webinar — We will discuss violence prevention, red flags, counseling and defusing, handling disciplinary actions and terminations, and policies and procedures for prevention and response.
  • Advanced BSA/AML/CFT Update, Oct. 25-Tulsa; Oct. 26-Oklahoma City — This program provides current trends and tools for today’s BSA officers and BSA team members. It also assists financial institutions in meeting the annual training requirements by the BSA regulations.
  • Dealing With Insiders: Regulations O and W, Oct. 26, webinar — In this webinar, we’ll detail the many requirements of Regs. O and W and provide tips to assure effective compliance management practices.
  • Women In Banking Luncheon, Oct. 27, Oklahoma City — Gather with your fellow women bankers and listen to the OBA’s Elaine Dodd. As Elaine approaches retirement, take advantage of this opportunity to hear her insights and perspectives. She will provide helpful fraud and security updates along with some tips for personal security.
  • 2023 HR Fall seminar, Nov. 3, Oklahoma City — In this seminar we will discuss the latest in federal and state regulations including AI and how it is affecting businesses. We will have an open discussion session regarding compensation, retention, benefits, dress codes, recruiting and other hot topics in HR.
  • 2023 OBA Operations School, Nov. 13-17, Oklahoma City — This school is designed to prepare junior-level officers to mid-level operations managers to manage effectively and efficiently an operations function within a bank. Students are exposed to numerous concepts that impact your bank’s bottom line.

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