by Kas Stewart, SVP & AAP ISO20022 It is difficult for me after these many months of including ISO2022 as a hot topic to continue to think that it is hot, but it is! I open every article with more information about ISO20022, and this article is no different. Although the targeted implementation day of March 10, 2025, has been postponed until July 14, 2025, the transition to ISO20022 continues to move forward. We are restricted from sharing the actual format with you, but T

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