Oklahoma Bankers Association We make bankers better!
In This Issue…
- From Adrian’s desk …
- FDIC considers extended deadline for rule on use of its signage by banks
- COBA Oktoberfest Golf Tournament set for next week
- 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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The OBA’s Megan McGuire and I had a nice trip to the ABA State Issues Summit last week in Chicago. With our state legislative session on the docket in February, it’s always nice to share conversation with our peers at other state bankers associations to understand what they’re facing at their own state Capitols.
On Wednesday, I’ll join the Federal Home Loan Bank Regional Meeting in Edmond. It’ll be good to hear from the head of the FHLB about the battles the bank is facing in Washington, D.C., right now.
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Federal Reserve Gov. Michelle Bowman put a smile on my face with her words last week. Speaking at the Community Bankers Symposium in Chicago on Friday, Bowman essentially said credit union and other non-banks should be subject to the same regulatory and supervisory expectations as banks, if they are engaged in the same activities.
To which I say, “amen.”
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It’s getting close enough now, you can almost see the lines forming at the polls! Only three more weeks, and we can all forget about federal elections a while!
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Nebraska was off this week … but, evidently, so was OU’s offense. What the heck was that?! I was in the Cotton Bowl watching on Saturday and couldn’t have been more miserable. Between the heat, the terrible stadium conditions, a nightmare travel situation to and from the stadium and an OU offense stuck in the mud, not even a Fletcher’s corny dog could soothe my surly mood. Thank goodness my own Big Red is back in action this week, and against an undefeated team at that!
FDIC considers extended deadline for rule on use of its signage by banks
The FDIC board will meet on Thursday to consider extending the compliance deadline for its final rule on the use of the agency’s name and logo by financial institutions.
The FDIC last year adopted new requirements regarding the display of the official FDIC sign in banks and bank digital channels, setting a compliance deadline of Jan. 1, 2025. Earlier this year, the American Bankers Association and two banking associations urged the FDIC to push back the compliance date to Jan. 1, 2026, to provide institutions with sufficient time to implement the rule.
That was followed by a letter from House lawmakers also urging the agency to push back the rule.
OBA Oktoberfest Golf Tournament set for next week
Show off your golfing skills or simply join your banking peers as a social registrant at the 2024 OBA Oktoberfest Golf Tournament on Oct. 21 at Belmar Golf Club in Norman.
The tournament fee is $175 and the registration deadline is Oct. 14. The tournament will begin with registration and lunch. Immediately following the tournament, we will hold an awards ceremony. Sign up now to reserve your spot. We hope to see you on the course!
Not golfing? Join your banking peers as a social attendee for lunch, refreshments and fellowship on the patio. Social attendee registration fee is $50.
2024 OBA Oktoberfest Golf Tournament to access the registration form. If you are interested in sponsorship opportunities, contact Thi Pham.
Tournament Schedule
10 a.m. — Registration.
11 a.m. — Lunch.
12 p.m. — Shotgun Start.
Immediately Following Golf — Awards.
OBA education corner …
How cool was it to see Stevie Nicks as the musical guest on Saturday Night Live this weekend! Despite some technical glitches, the Rock and Roll Hall of Famer still wowed the crowed with her most famous solo song, Edge of Seventeen. It’s silly, but we’ve had discussions in the office here about how a lot of us “misheard” the lyrics to the song a different way over the past few decades. So, whether you thought it was a “one-winged dove,” a “wide window” or the correct “white-winged dove,” it’s always a funny discussion! While laughing about it all, take a second to think about what upcoming continuing education opportunities are right for you and your staff!
- BSA/AML: Marijuana and Hemp, Oct. 28, webinar — Avoid getting into hot water with examiners by ensuring you are up to speed on all the BSA/AML considerations and implications.
- Opening New Accounts: 3-Part Series, Oct. 28, Nov. 5, Nov. 6, webinar — This webinar series will encompass opening personal, business, trust, minor, power of attorney, estate accounts and much more!
- Director Compensation Trends and Compensation Committee Best Practices, Oct. 29, webinar — This webinar will provide market data and best practices information surrounding board compensation and compensation committee responsibilities.
- HMDA and Its Data Points, Oct. 31, webinar — Financial institution employees have always struggled with HMDA reporting. And changes over the last few years have made the HMDA rules even more difficult to understand.
- 2024 IRA Basic and Advanced Issues, Basics: Nov. 5-Tulsa, Nov. 7-Oklahoma City; Advanced: Nov. 6-Tulsa, Nov. 8-Oklahoma City — The IRS has published final RMD regulations with a Jan. 1, 2025 effective date! The finalization of these highly anticipated regulations has a profound impact on IRA providers nationwide.
- 2024 OBA Operations School, Nov. 18-22, Oklahoma City — The Operations School is designed to prepare junior-level officers to mid-level operations managers to manage effectively and efficiently an operations function within a bank.