Saturday, June 25, 2022

Jeremy Cowen

Week of June 21

In This Issue… Two important fraud-related notes … Oklahoma banker receives ABA Distinguished Service Award for Compliance Report: Improved economy is great new for banks OBA education corner … Two important fraud-related notes … The OBA’s fraud department has been receiving calls and texts from bankers who were unable to get on the Oklahoma Insurance Department’s “Hoodwinked” fraud webinars at …

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Juneteenth holiday enacted; federal government to close Friday

Breaking news courtesy the ABA: President Biden this afternoon signed legislation recognizing Juneteenth as a federal holiday. The new June 19 holiday commemorates the day in 1865, two and a half years after the Emancipation Proclamation and two months after the end of the Civil War, when hundreds of thousands of enslaved men and women in Texas finally learned they …

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Week of June 14

In This Issue… Services activity continues to expand in Tenth District 2021 OBA Directory of Banks available OBA education corner … Services activity continues to expand in Tenth District The Federal Reserve Bank of Kansas City released the May Services Survey recently. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey …

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Agencies recently issue host state loan-to-deposit ratios

Federal bank regulatory agencies recently issued the host state loan-to-deposit ratios that are used to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace the prior year’s ratios from June 2020. By law, a bank is generally prohibited from establishing or acquiring branches outside of its home state primarily for …

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Week of June 7

In This Issue… Consumer credit shows marked increase OBA welcomes new strategic members 2021 Senior Management Conference set this month in Las Vegas OBA education corner … Consumer credit shows marked increase In April, consumer credit increased at a seasonally adjusted annual rate of 5.3 percent, according to a release by the Federal Reserve on Monday. Revolving credit decreased at …

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SBA releases information on correcting PPP forgiveness errors

The Small Business Administration is establishing a forgiveness payment correction process for lenders that made a mistake in requesting the accurate forgiveness amount. Effective immediately, lenders can send a platform message, using message type of “Payment or Reconciliation Questions”, to request forgiveness payment corrections. The message must include the SBA loan number, the amount of the correction being requested and …

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Former OBA president/CEO honored at convention

During our convention last week, we held a special ceremony for our recently retired president and CEO, Roger Beverage. During the ceremony, a video was shown of Sen. James Lankford giving a speech on the U.S. Senate floor commemorating Beverage’s 33 years as the OBA’s chief. Additionally, a slideshow of various photos from Beverage’s time with the OBA was shown. …

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Week of May 31

In This Issue… Free fraud training opportunity for bank staffs, customers Relive convention with our photo page! Former OBA president/CEO honored at convention Thank you to our convention sponsors 2021 Senior Management Conference set this month in Las Vegas OBA education corner … Free fraud training opportunity for bank staffs, customers The OBA is once again working with the Oklahoma …

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Watch 2021 OBA Convention opening video

Didn’t make it to convention this year? Well, we really missed you! But we’ll have plenty of things to show from our three days in Oklahoma City last week in the coming days. For starters, below is the convention opening video that highlighted how the OBA truly is the place “where everybody knows your name!” https://www.oba.com/wp-content/uploads/2021/05/Opening-Video.mp4

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