Wednesday, February 21, 2024

Week of Dec. 18

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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M-I-C … K-E-Y … Yep, I’m at DisneyWorld with the family right now! So, this update “from my desk” will be rather short this week as my kids lead me hither and yon through the Magic Kingdom!

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The big news I noticed while preparing for my trip was the Fed announcing last week it will hold interest rates steady again, and is setting up to cut them in 2024. The news sparked the stock markets to noticeable highs in the past few days. Let’s hope this is all a sign of good news to come in the next year!

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Nebraska football is back, baby! I hope everyone saw where the top high school quarterback in the country, Dylan Raiola, committed to the ‘Huskers on Monday. Raiola is the son of former Nebraska center Dominic Raiola and the nephew of current ‘Husker offensive line coach Donovan Raiola (who played at Wisconsin). He also announced his commitment via a self-penned poem – I vote for this over the old “pick-a-hat” type of commitment ceremony!

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Happy holidays from us!

Happy holidays and merry Christmas from your family here at the OBA!

In observance of Christmas, our offices will be closed on Monday, Dec. 25, as well as Tuesday, Dec. 26. We will re-open at our normal time on Wednesday, Dec. 27.

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CFPB announces thresholds adjustments for Reg. C, Reg. Z

The Consumer Financial Protection Bureau adjusted on Monday the threshold adjustments for asset-size exemptions from Regulation C, which implements the Home Mortgage Disclosure Act; and Regulation Z, which implements the Truth in Lending Act.

For Reg C, the exemption threshold will increase to $56 million from $54 million.

For Reg Z, the exemption threshold will increase to $2.64 billion from $2.537 billion for certain first-lien higher-priced mortgage loans.

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Join us for Elaine Dodd’s retirement party!

The OBA will host a retirement party in honor of Elaine Dodd’s 20 years of service with the Association.

The event will take place from 1-3 p.m. on Friday, Jan. 19. at the Harris Event Center at the OBA offices in Oklahoma City.

Please RSVP by Jan. 16 to Nancy McKinnis if you plan to attend. We hope to see you there!

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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 eschewed the usual question-and-answer format, and embraced a little silliness – let’s simply watch a slow-motion video of the OBA’s Janis Reeser as she knocks over a giant Jenga tower during the OBA’s Christmas party last week … and listen as her co-worker Jeremy gives his ear-splitting high-pitched laugh at the end!

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OBA education corner …

Are we enjoying college football bowl season? Or, maybe you just opted out of the excitement … you know, like so many players did. Attempting to make winnings picks in a bowl pool is pretty much a real-life example of a Kobayashi Maru test! Whether you’re like James T. Kirk and don’t believe in a no-win scenario, don’t forget to take the time to check out our upcoming continuing education opportunities!

  • 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.
  • Intro to Financial Analysis, Jan. 30, Oklahoma City — This seminar will provide bankers with a thorough understanding of the key elements of the commercial borrower’s cash flow and relate these elements to the requirements of safe and sound loan structure.
  • 2024 OBA Intermediate School, session I-Feb. 5-9, session II-June 3-7, Oklahoma City — Presented over two sessions, the school is designed to prepare students to serve effectively and profitably the needs and desires of their banks and the banking public. A major objective of the program is to instill an appreciation for and an understanding of the operations and interrelationships of departments within a bank.
  • 2024 OBA Commercial Lending School, March 3-8, Oklahoma City — This school is an intensive, one-week functional school designed for bankers with a basic understanding of credit and financial analysis. The school will demonstrate how to apply this knowledge in profitable commercial lending situations

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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