There is a new fraud trend hitting Oklahoma financial institutions involving U.S. Treasury checks, ID theft and new accounts. Losses can be significant as many of these checks exceed $100,000. Please share this information will all areas of responsibility involving new business accounts and check deposits. Legitimately issued checks are being stolen in bulk. Individuals involved in the scheme travel …
July 2024
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July 23, 2024
Week of July 22
In This Issue… From Adrian’s desk … Commercial new account fraud rears up in Oklahoma Banking associations: Banks cannot fight financial scams alone OBA scheduled Oktoberfest Golf Tournament 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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July 22, 2024
Executive News: Primaries (almost) wrap up across state
We have survived the June 18 election primaries, the last-minute onslaught of tv ads and dreading opening the mailbox knowing it was full of political push cards. Don’t get too comfortable, though, as we have several runoff elections to be held on Tuesday, Aug. 27. While there won’t be as many races then, there are several important ones in the …
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July 22, 2024
OBA Emerging Leaders Academy accepting applications
Take note the OBA 2024-25 Emerging Leaders Academy is currently accepting applications. We’re looking for the best and brightest bankers who seek to sharpen their leadership skills. The Academy will help you reach new heights with powerful speakers offering information leaders need for effectively maneuvering in today’s business climate. Each session helps participants become true leaders by understanding those around you through …
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July 22, 2024
FDIC issues guidance on reg relief related to storms
The FDIC released guidance in mid-June with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Oklahoma affected by recent severe storms and tornadoes. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to the severe weather, including extending repayment terms, restructuring existing loans or easing terms for …
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July 19, 2024
Be aware of Crowdstrike update, scams involving encrypted email, web-shared documents
Krebs on Security published an article detailing the latest on the Crowdstrike update leading to issues across the globe. Click here to read the article. Additionally, ABA President and CEO Rob Nichols released this letter addressing the issue. Starting earlier this month the OBA and many other financial institutions across the country have received malicious emails purportedly from employees at …
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July 19, 2024
Cherokee Nation Economic Development Trust Authority
The Cherokee Nation Economic Development Trust Authority (CNEDTA), a certified Native Community Development Financial Institution (CDFI), is committed to supporting Native-owned businesses by offering access to capital for new startups and expansion projects. Our mission is to enhancing the financial well-being of Native-owned companies and strengthen their presence in the business community. CNEDTA also provides business coaching services aimed at …
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July 16, 2024
Week of July 15
In This Issue… From Adrian’s desk … OBA Emerging Leaders Academy accepting applications Oklahoma Bankers Hall of Fame accepting nominations for 2024 OBA Washington Visit just around the corner: Join your peers in D.C. this fall! OBA education corner … From Adrian’s desk … By Adrian Beverage OBA President & CEO Just some random tidbits that might be of interest …
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July 11, 2024
Oklahoma Bankers Hall of Fame accepting nominations for 2024
The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2024 class; additionally, a reminder the process of selecting inductees was updated for last year. First, for those interested in nominating a banker, here are some downloadable forms linked below – please return all nominations to Adrian Beverage (adrian@oba.com): Nominating instructions. Nomination form. If a person was …
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July 11, 2024
Oklahoma Bankers Hall of Fame accepting nominations for 2024
The Oklahoma Bankers Hall of Fame is now accepting nominations for the upcoming 2024 class; additionally, a reminder the process of selecting inductees was updated for last year. First, for those interested in nominating a banker, here are some downloadable forms linked below – please return all nominations to Adrian Beverage (adrian@oba.com): Nominating instructions. Nomination form. If a person was …
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