Oklahoma Bankers Association We make bankers better!
In This Issue…
- From Adrian’s desk …
- OBA Convention taking place today, Wednesday
- Regulators unveil proposed changes for CAMELS rating system
- Be alert of fake shell companies opening accounts
- OBA education corner …
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 at our annual convention today! By the time you read this, we will have already hosted our gubernatorial forum with Gentner Drummond and Charles McCall III. Since this is Adrian writing from the past, I hope when you see Adrian of the present, he’ll say it went well!
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I truly love convention. I love the guests we bring and — best of all — I love seeing everyone! It truly is one of the premier events of the Oklahoma banking industry.
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The Nebraska softballers advanced through their regional with no fuss and no muss. Next up is a really familiar foe, at least from years ago: Oklahoma State.
OBA Convention taking place today, Wednesday
The 2026 OBA Convention is being held today at the OKANA Resort in Oklahoma City. It will wrap up on Wednesday afternoon.
You can follow along with pictures and posts from the event on the OBA’s Facebook page!
Regulators unveil proposed changes for CAMELS rating system
Federal regulators are proposing to make several changes to the CAMELS rating system to emphasize material financial risks over concerns related to policies, procedures and documentation, which they say would better reflect the issues most likely to affect a financial institution’s safety and soundness.
Under a proposal published today, the Federal Financial Institutions Examination Council said the Uniform Financial Institutions Rating System hasn’t been updated since 1996. The revisions would retain the basic ratings framework of the but make changes that “emphasize factors that materially affect an institution’s financial condition and risk profile.”
Be alert of fake shell companies opening accounts
One of the fraud “experts” the OBA follows is Frank McKenna’s https://frankonfraud.com. On May 16, he warned of high-value incentives for American consumers to become “merchants” with a marketing video from IBO-Core.
The site has a list of shell company names for sale in America. Most of the names follow a pattern. They include the words “MARKETING,” “AD SERVICE,” “DIGITAL,” or “ECOM STORE.”
Bankers should be monitoring for new accounts opened by consumers using these keywords.
These accounts are “ghost companies” that high-risk merchants use to hide their own high-risk activity.
OBA education corner …
Jeez, the heat and humidity made hairstyles irrelevant on Monday, but the cold front that blew in overnight makes not wearing a hoodie unwise today. While trying to make sense of late spring weather in Oklahoma, make sure to keep up with what’s happening on the continuing education front, including the following:
- Loan Modifications: What Are The Compliance Issues?, May 26, webinar — Changing an existing loan can bring on a number of issues, including whether new disclosures must be provided, a new flood determination must be obtained, and many more. We’ll explore the many requirements that must be met.
- Understanding the Role of the Notary Public, May 27, webinar — In this webinar, you’ll learn about Notary Public responsibilities and notarial acts, basic laws and liability.
- Compliance for Commercial Lenders, May 28, webinar — This program will help commercial lenders understand which compliance requirements impact their department.
- Flood Insurance Compliance: All-Day Streaming, June 2, webinar — This session examines even the most complex and often overlooked areas of flood compliance including questions that may not have definitive answers.
- Consumer Lending Compliance 101, June 2, webinar — This unique webinar will provide an overview of federal compliance laws applicable to loans.
- Call Report Common Exam Issues, June 3, webinar — This session explores how information reported in the Call Report often surfaces in regulatory exams—and why inconsistencies frequently lead to examiner findings.