Bank Secrecy Act Checkup

The business of preventing money laundering, terrorist financing and other financial crimes continues to evolve for financial institutions. To stay compliant and avoid enforcement actions, financial institutions should remain aware of current Bank Secrecy Act and FinCEN requirements and carefully document ongoing due diligence.
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FDIC Part 363 – Essential Facts for Going over $500 Million

An institution becomes subject to the Federal Deposit Insurance Corporation’s (FDIC) Annual Independent Audits and Reporting Requirements (Part 363) when its total assets, measured on the first day of a fiscal year, equal or exceed $500 million.

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New Team Member Announcement to Banc Statements, Inc. – Kathy Taylor, VP of Marketing

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Smaller Banks Need to Protect Themselves From Social Engineering: A Hacker’s Favorite Tool

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BancCentral, National Association Expands Services to Customers in South Central Kansas

ALVA, OK (January 16, 2014) – Myers BancShares, Inc. (MBI) and BancCentral, National Association (BCNA) announced the execution of agreements with Southwest Bancorp, Inc. to purchase branch banks in Anthony, KS and Harper KS.

BancCentral has purchased $123 million in combined holdings in the Anthony and Harper marketplaces.

“We are excited to welcome these customers and employees into our family atmosphere,” said Marilyn Myers, Chairman of the Board, MBI and BCNA.

“It has been our desire to offer banking services to more customers in our surrounding area. The main office, located in Alva, Okla., with branches in Woodward, Enid, and soon Anthony and Harper, will provide the opportunity to offer premiere banking services in some of the best communities around,” stated Kyle Hughbanks, President and CEO, MBI and BCNA.

“It will be exciting to work with our new friends in Kansas. A smooth transition is key to both our new customers, and our staff. We offer our customers quality banking services combined with the latest technology available,” said Brian Hofen, Chief Technology Officer at BCNA.

The transaction is expected to be completed in the second quarter of 2014, subject to regulatory approvals and other customary terms and conditions.

About BancCentral, N.A.

The opening of the Cherokee Strip in 1893 brought a boom of numerous businesses and banks in the Alva community. One of the institutions that survived from that time is BancCentral, N.A. (formerly known as The Central National Bank of Alva), that is owned and has been overseen by the Myers family since 1919.

Kyle D. Hughbanks was named President and CEO in 2007, the fourth to serve in that capacity since 1919.

BCNA is proud to be a local, privately owned financial institution celebrating its 100th Anniversary in 2013.

CBAO to Fly to Washington D.C. on Annual Legislature Trip, May 1-4

On May 1-4, CBAO will be taking a group of  members to Washington D.C. to speak with legislature on important community banking topics. CBAO will be speaking with Congressman Lucas, Dr. Coburn,  Senator Inhofe and more. If you would like to attend CBAO on this event, please email Space is limited.

Spring 2011 Horizon Banker Meeting- March 7th

The Horizon Banker Spring Meeting will be March 7 at 4pm in Oklahoma City at Ted’s Escondido. The law firm of Crowe & Dunlevy will be presenting on “Repossessions”. Come prepared with questions and after the session enjoy networking with fellow bankers during dinner. Click Here to Register.

Anit-Money Laundering & BSA Compliance Seminar – February 23rd

A Complete Regulatory Update Including:
- Reorganization of the BSA Rules – New “Chapter X” in the CFR 
- Revised Examination Procedures – Latest Update
- Cross-Border Electronic Transmittal of Funds (CBETF) – New Rules 
- Suspicious Activity Report (SAR) – New Rulings (Anticipated) 
- Customer/Member Due Diligence “High-Risk” Clients
- Money Services Businesses (MSB) – New Rulings (Anticipated) 
- Risk Assessments 
- OFAC Compliance and more.

Click here for more information and to register!