Oklahoma Bankers Association We make bankers better!
In This Issue…
- From Adrian’s desk …
- FHFA, CFPB update mortgage origination data
- Oklahoma agencies to host virtual Fraud Prevention Conference
- Deadline approaching to participate in salary survey
- OBA TikTok Time …
- 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!
• • •
I had the opportunity to hit the road on Monday and visit some banks, joined by coworkers Janis Reeser and Jeremy Cowen.
We made our first stop of the day at the First National Bank of Fletcher, where we presented the bank’s president and CEO, Bob Bridges, with his OBA 50-Year Club induction plaque. Bob couldn’t make it to the awards brunch at convention back in May, so we were happy to take the opportunity to visit with him while bringing his plaque. While there, we found out we were visiting on the ACTUAL DAY of his 50th anniversary of starting in the banking industry!
Congratulations, Bob!
• • •
It’s probably a good thing I hit the road to visit some banks on Monday. When I walked into my office early that morning, we’d obviously had some electrical issues at the OBA headquarters. My office looked like a disco dance floor!
Join us at the Club OBA next chance you get, we play the best songs!
• • •
The college sports season is behind us and we’ve settled into the dog days of summer. Nominally, I’m a Chicago Cubs fan, and for a few precious weeks there, it looked like I’d have something to keep my attention this summer, at least until football starts back up. Well, then the Cubs started … Cubs-ing. They’ve lost seven of their last 10 and reside soundly in last place in the division.
FHFA, CFPB update mortgage origination data
The Federal Housing Finance Agency and the CFPB released updated loan-level data on Monday, collected through the National Survey of Mortgage Originations.
The 2024 release – the first since December 2022 – includes data on three new survey questions first fielded in 2021.
The latest survey release shows that 70% of respondents said they were very satisfied with their property appraisal and 23% were somewhat satisfied, with just 6% not satisfied. Half of borrowers surveyed expressed unwillingness to move from their primary residence, with a quarter willing and able, 5% willing but unable and 20% not sure.
Oklahoma agencies to host virtual Fraud Prevention Conference
The FBI Oklahoma City Field Office, Oklahoma Insurance Department and Oklahoma County Sheriff’s Office are holding their second annual Fraud Prevention Conference virtually over three days in July.
The conference will be held from 9 a.m.-noon on July 12, July 19 and July 26. The OBA’s Sharon Lewis will be one of the speakers on July 19. This conference is free but does requires registration.
With so many scams targeting our seniors, this is an excellent opportunity for financial institutions to host a virtual “watch party” in their communities. Click here to sign up. Once registered, you will receive a Zoom link for online viewing.
Deadline approaching to participate in salary survey
We want to extend our thanks to those who have already completed the annual salary survey. The deadline has been extended to Friday, July 5, so we continue to invite banks to join the 2024 Salary & Cash Compensation Survey!
This survey collects data on salary and cash compensation (salary + annual cash incentive/bonus + commissions) for approximately 30 executive positions and over 150 middle-management and staff-level positions. Data cuts will be broken out by asset size and region where we have a large enough sample size.
Survey Pricing:
- OBA Member Participant: $350
- OBA Member Non-participant: $650
Survey Instructions:
- Click on the link (2024 Salary and Cash Compensation Survey Link) or visit blanchardc.com to access the secure survey link.
- Download the Excel file and complete the survey.
- Email the completed survey to surveys@blanchardc.com or utilize the secure upload link (Secure Upload Link) (also available on the Blanchard website) by Friday, July 5.
Pre-Order and Inquiries:
- For pre-ordering, pricing, or any survey-related questions, please contact thi@oba.com or Elyse Hoffmann at surveys@blanchardc.com or 608-843-9672.
We thank you in advance for your participation and help in making the compensation survey a continued success.
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, the OBA recently hosted a meeting of the Bank Fraud Investigators Group. With that in mind, OBA TikTokTime couldn’t resist asking these crime fighters whom their favorite fictional counterparts are!
OBA education corner …
Cover bands are fun! Especially when they’re covering songs or artists you know and love! Over the weekend, a George Strait cover band performed in Chickasha and some of us here at the OBA had the opportunity to be in the audience. After more than 110,000 attended a George Strait concert last month, it was perfect timing, and the band didn’t disappoint … especially when the fiddle player (seen here wrapping up Strait’s 1997 hit, I Can Still Make Cheyenne) is an old college freshman dorm buddy! Well done, Dr. Jason Breed! While reminiscing about good music and good times in college, here’s some upcoming OBA education opportunities you could also think about! Take the following for example:
- Problem Loan Identification, July 8, webinar — This course is designed to sharpen the ability of participants to recognize potential problem loans early and identify appropriate solutions once they surface.
- Do’s and Don’ts of Signature Card Contracts, July 9, webinar — The signature card/account agreement is the most important document on the deposit side of the financial institution. In this document, many regulations merge.
- Understanding HMDA Compliance From A to Z – All-Day Streaming, July 10, webinar — HMDA compliance is tough! With all the data you are required to collect and report, there are bound to be mistakes. You can’t rest easy though because too many errors can lead to civil money penalties.
- You’ve Been Served: Best Practices in Processing Subpoenas, Garnishments and Tax Levies, July 10, webinar — This webinar will provide attendees with best practices and red flags for dealing with the various legal documents served upon financial institutions.
- Encouraging the Next Generation of Women Leaders, July 11, webinar — In this highly engaging webinar, you’ll learn about best practices and mistakes to avoid on your way to becoming an effective woman leader.
- Privacy and Information Security – Critical Rules for Bankers, July 12, webinar — Customers are concerned about the privacy of their financial and personal information, and financial institutions are worried about how to keep all this information safe from intrusions and outright thefts. But what are the legal and regulatory requirements?
- BSA And OFAC Training for Customer Service Representatives, July 16, webinar — During this program we will give staff a good overview of BSA and some basics on OFAC.
- Complaints Programs: Why They Are a Key Risk Mitigant for your Institution, July 17, webinar — Complaint management focuses on resolving customer grievances, identifying areas of improvement and developing better products or services. The training your employees receive is imperative for the success of both your customer support and customer service departments.
- Processing Garnishments on Accounts Containing Federal Benefit Payments, July 18, webinar — This webinar provides participants with the federal rules that are applicable when processing garnishments on deposit accounts receiving federal benefit payments.
- Preventing and Responding to Robbery, July 19, webinar — Learn proven methods of robbery prevention, as well as the absolutely necessary steps to follow in the event of a robbery. The session will also discuss recent statistics, case studies and robbery aftermath.
- 2024 New Accounts Documentation and Compliance, Aug. 14-Tulsa; Aug. 15-Oklahoma City — This full-day program is one of the country’s most comprehensive seminars on opening deposit accounts. The session answers many of the complicated questions customers and employees ask.