Wednesday, February 21, 2024

Week of Jan. 15

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 was scheduled to be in Washington, D.C., right now, along with OBA Chair Bryan Cain. We were heading to Capitol Hill to talk with our lawmakers about the ACRE Act and how it’s a positive for the banking industry, as well as agriculture producers. Unfortunately, however, the winter storm we received evidently wreaked even more havoc on the East Coast and all our flights were delayed and/or canceled, so our trip had to be set aside.

Bryan and I will still try to get in front of our representatives and senators prior to the ABA Washington Summit in mid-March.

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Speaking of the intersection of the banking and agriculture sectors, the ABA Banking Journal recently had a story about agricultural lenders’ top concerns for the coming year. Those included rate volatility, lender competition, credit quality and – as always – regulatory burden.

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Did anyone catch the big college basketball upset last week?! My Cornhuskers downed the top-ranked team in the country, Purdue, 88-72 on Tuesday night! It was Nebraska first win over a No. 1 team since 1982.

As I mentioned a couple of weeks ago, the ‘Huskers remain the only major conference teams without a single win in NCAA Tournament play. Maybe this victory is a harbinger of greatness to come in March? Of course, Nebraska followed it up with a 18-point loss to Iowa on Saturday, so maybe I shouldn’t put the cart before the horse …

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ABA, OBA, state associations decry capital standards in letter to banking agencies

The American Bankers Association, the OBA and 50 other state bankers associations recently signed a letter to the banking agencies that explained how the proposed implementation of the Basel III “endgame” capital regulations would constrain the banking sector’s ability to provide credit and other essential financial services.

The letter warned the Federal Reserve, FDIC and the Office of the Comptroller of the Currency have “insufficiently assessed” the proposed standards and failed to consider the potential economic damage to bank customers and the economy. They urged regulators to withdraw the proposal and re-propose a new version “with appropriate and transparent support.”

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OBA scholarship available for high school students

Each year, the Oklahoma Bankers Association awards a $1,000 scholarship to an incoming freshman who has a parent, grandparent, sibling or spouse who is a Professional Member of the Association.

The student must enroll in an accredited Oklahoma institution of higher education. The applicant must also be graduating from an Oklahoma high school. A panel of bankers will select the winning applicant.

Click here to access the application for the 2024 scholarship. Applications are due April 15, 2024. Contact Megan McGuire with any questions.

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OBA Emerging Leaders to host happy hour

Join your banking peers for a happy hour from 4-6 p.m. on Friday, Jan. 26, at Chicken N Pickle, located at 8400 N. Oklahoma Ave in Oklahoma City.

For more information, contact the OBA’s Megan McGuire at megan@oba.com or 405-424-5252.

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Review your bank’s information for OBA Directory

The Oklahoma Bankers Association Directory of Banks is again being produced this year by NFR Communications. To best serve you, we want to include the most up-to-date and accurate information about your bank, your branches and your staff. However, we need your help.

To ensure we are using the most accurate information, please follow the instructions provided in the letter that was mailed to your bank last week by NFR Communications. Please review and revise as necessary the financial directory listing for your holding company, your main bank and your branches. You can also use the login information that was included in the letter to update your listing online or, if needed, download a new form.

For questions and completed forms, please email directories@nfrcom.com. Please update the information no later than Feb. 5, 2024.

We appreciate your help in making the 2024 Edition of the Oklahoma Bankers Association Directory of Banks a success

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OBA education corner …

Did anyone see that weather in the Miami/Kansas City playoff game on Saturday! Wait, that game was one something called the Peacock Network, so you probably didn’t. Oh well. While thinking about how Hawaii-native Tua Tagovailoa was probably regretting every decision in his life in Kansas City on Saturday night take the time  to check out our upcoming continuing education opportunities!

  • Women In Banking Luncheon, Jan. 23-Broken Arrow, Jan. 24-Oklahoma City — The Imposter Syndrome: What is it? Why do we have It? How do we overcome it? Attend either or both of these luncheons to find out more. Kristi Spaethe, CEO of The People Perspective and People Perspective Search and Recruiting will be the featured speaker in Broken Arrow, while Dr. Mautra Staley Jones, president of Oklahoma City Community College, will highlight the Oklahoma City event. Attendance is free, but registration is required!
  • The Uniform Commercial Code for Lenders, Jan. 24, webinar — Gain a thorough understanding of UCC-secured lending transactions and how they work in this comprehensive overview, which includes perfecting security interests, documentation, filing, analysis of lien positions, common mistakes and more.
  • Error Resolution Under Reg. E: Implementing Policies and Practices to Avoid Mistakes, Jan. 25, webinar — In this session, we will address what actually constitutes an error under the regulation, what you need to do to comply with investigation requirements and how to avoid mistakes during the error-resolution process.
  • Advanced TRID Compliance, Jan. 30, webinar — Take your TRID compliance to the next level! This webinar will take a look at the TRID rule from an advanced perspective.
  • Garnishments of Federal Benefit Payments: What a Banker Needs to Know, Jan. 31, webinar — This webinar provides participants with the federal rules that are applicable when processing garnishments on deposit accounts receiving federal benefit payments.

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!

Additionally, take note of the Women in Banking Forum, which is scheduled for March 26 in Oklahoma City. This event is designed to bring together mid- to senior level women leaders in the financial services industry and will include banking, economic, leadership and professional development content to enhance your career and network.

Finally, the Oklahoma Bankers Association 2024 Senior Management Conference is scheduled for April 7-9 at the Waldorf Astoria in Las Vegas. One of the key benefits in the conference will be talking with your peers. Attendees at the OBA 2024 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.!

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