News Updates
Compliance Corner: Compliance Regulation Reminders for 2025
FDIC Logo Federal Deposit Insurance Corporation (FDIC) adopted a final rule to amend Part 328, which governs the FDIC logo. The amended rule has modernized the sign for digital channels. The new digital sign must be on bank websites, mobile apps, and ATMs. The rule requires banks to place the new digital sign “clearly and ...
BBOK Holiday Project
For over 19 years, our team at Bankers’ Bank of Kansas have united to support charitable organizations in our community. This year, we directed our focus to providing resources to the Wichita Children’s Home, EmberHope, and Ronald McDonald House Charities Wichita. This year, we expanded our efforts to include Ronald McDonald House Charities Wichita (RMHC Wichita). RMHC Wichita ...
Bankers’ Bank of Kansas End-of-Year Schedule
Closed Thursday, November 28, 2024, in observation of Thanksgiving. We will reopen for business on Friday, November 29. Closed Wednesday, December 25, 2024, in observation of Christmas. We will reopen for business on Thursday, December 26. Closing at 4:30 p.m. on Tuesday, December 31, 2024. — Wires/Instant payment settlements received after 4:30 p.m. will be ...
Compliance Corner: OFAC Clearing
Much of Compliance involves navigating rules while still serving your customers in a beneficial and efficient manner. When it comes to OFAC, there’s not much room for error. Missteps can have serious consequences. As of 10/17/2024 there have been five civil money penalties totaling $32,590,943.00¹. When we have a new system or are trying something ...
ISO 20022 Status Update
The compliance date for ISO 20022 will go into effect on March 10, 2025. We will be putting out training over the next few months to keep you informed about how these changes will impact how you process wires in PATH. Please review the other items you should be considering: Update your templates in PATH Ensure ...