Tuesday, June 18, 2024

Week of Dec. 11

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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The Oklahoma Bankers Hall of Fame induction ceremony seemed to go without a hitch last week! We inducted four notable bankers into the Hall on Thursday at the Oklahoma History Center, and had many of their friends, family members and well-wishers in attendance. You can read our official press release on the front page of OBA.com for more!

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I read where the Consumer Financial Protection Bureau expects to issue a proposed rule this month to consider whether fees charged for overdraft services are finance charges. If they are considered so, the fees would be subject to the requirements of Regulation Z, or the Truth in Lending Act, which is definitely something to keep an eye upon. We’ll keep you advised.

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If anyone can play quarterback, I highly encourage them to enter the transfer portal and consider Nebraska … even Uncle Rico.

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OCC to Congress: Banking system remains sound

The federal banking system is sound, with banks focused on stabilizing liquidity and maintaining confidence in the system, the Office of the Comptroller of the Currency said Monday in its annual report to Congress.

The annual report provides Congress with an overview of the condition of the federal banking system,1 discusses the OCC’s strategic priorities and initiatives, and shares the agency’s financial management and condition.

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2024 holiday closing signs available from OBA

Customers need to know that Oklahoma banks are closed in observance of several holidays each year. OBA makes this easy by offering member banks a set of eleven decorative 6”x 9” decals.

Static-cling decal signs clearly notify customers of your holiday closings. Each decal has a holiday design with the bank closing dates as observed by the Federal Reserve. Additional blank decals are provided to write on for emergency closings. Juneteenth holiday sign is included. English edition or English/Spanish edition are available.

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OBA TikTok Time …

Welcome to the continuation of our semi-regular feature in the OBA Update: OBA TikTok Time!

The OBA created a TikTok account to feature fun, entertaining little video segments that feature our bankers and those who work with them. No, you don’t have a TikTok account to view these short videos as you can navigate directly there just by using the link we provide here in the OBA Update. For those concerned about security via TikTok, you can also easily view the videos through our Instagram account.

We’ll feature our most recent TikToks each week in the TikTok Time of the OBA Update. For this week’s edition, we visited the Oklahoma Bankers Hall of Fame induction ceremony, and in the spirit of celebrating those who helped blaze a trail before us, asked some attendees “Who was your biggest influence in the banking world … and why?” (We see you Bill Horn, Jim Hamby, Guy Sims, Nevyle Cable and Mick Thompson!)

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OBA education corner …

College football bowl games start this weekend! Sure, all but two might be meaningless in the grand scheme of things, but we’ll accept no such slander here! We love bowl season! It truly is the most wonderful time of the year! While pondering who you’re going to pick to win in the classic Avocados From Mexico Cure Bowl, take the time to check out our upcoming continuing education opportunities!

  • Developing an Effective Remote Deposit Capture and Mobile Deposit Capture Program, Dec. 18, webinar — Join us as we outline the detailed information you should consider adding to your documents and processes to support a thorough due diligence, risk assessment and annual oversight of your customers.
  • 2023 Call Report Recap and Look Into 2024, Dec. 19, webinar — As new regulatory matters arise, they will be added to the agenda in order to provide participants with the most current training applicable for the Dec. 31, 2023, reporting period with a look at what to expect for March 31, 2024.
  • 2024 Compliance Updates, Jan. 17-Tulsa, Feb. 1-Oklahoma City — These Updates are separated into operations and lending for each day: they can be registered for together or individually.

Also, an OBA program to be aware of is the OBA Intern Program.

The Intern Program will be active in 2023 and we’re looking for participating banks! For more information on this IMPORTANT program – important not only to aspiring students, but also to participating banks – Contact the OBA education department at (405) 424-5252 or click here for more information!

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