by Miles Pringle, EVP & General Counsel Dwight D. Eisenhower once said: “In preparing for battle I have always found that plans are useless, but planning is indispensable.”  While banks are required to have a strategic plan, examiners are quick to note that there is no one “best” approach. Instead, regulators focus on the reasonableness of the plan’s assumptions. Their assessments consider many factors such as a bank’s personnel resources, geography, financial resources, and

In addition to being Board Chairman for The Bankers Bank, Clayton Lodes is CEO at First National Bank & Trust of Ardmore, OK. He is a CPA, and practiced public accounting for over 20 years before joining 1NB in 2002. Clayton has served on the TBB Board since 2018, and also serves on the REI Oklahoma Board of Directors in Durant. He and his wife, Bebe, enjoy volunteering for several civic and charitable organizations and especially enjoy spending time with their three children

by Miles Pringle, EVP & General Counsel You may have seen news in early September that social media videos (largely on TikTok) were showing people exploiting a “glitch” in Chase Bank’s ATM system. The error allowed customers of Chase Bank to write a check for more money than they had available, deposit the check via ATM, and then withdraw the funds in cash. Not long thereafter, Fidelity Investments reduced mobile deposit limits for certain customers, citing a similar scheme.

by Kas Stewart, SVP & AAP NUMBER 1: FDIC Signage The FDIC has amended Part 328, Subsection A and B governing the use of the FDIC signage. Compliance with subsection B is required by January 1, 2025. This section, FDIC Official Signs and Advertising Requirements, False Advertising, Misrepresentation of Insured Status and Misuse of the FDIC’s Name or Logo was approved by the FDIC Board in December 2023.  Compliance with Part 328, Subsection A has been extended to May 1, 2025. T

by Kas Stewart, SVP & AAP The Federal Reserve has announced the retirement of Fedwire Funds Offline Services on December 31, 2024. If you do not have a Federal Reserve Account, this change will not affect you. If you are using this service as a contingency wire service for those occasions when a wire is misdirected to your Federal Reserve account, you will need to make alternate arrangements.   The Bankers Bank offers a Federal Reserve Service Provider arrangement that allows

The Bankers Bank held their 35th Annual Golf Tournament at the Oak Tree Country Club on Monday, June 10th. The weather and course were absolutely perfect! It was great to see so many familiar faces and some new ones too.  A special thank you to our Sponsors as well as the TBB volunteers for their part in making this event a great success. We cannot do it without you! See you next year – June 9, 2025 C Flight: 1st:    Justin Hull, Justin Edwards, Scott Keeney, Brett Windsor 2n