NEWS & NOTES Access/Macro’s team of former Fed economists and regulators is passionate about providing regional and community banks with independent economic and financial market research and forecasts. Tim Mahedy Chief Economist (619) 535-6658 [email protected] Select Bankcard is an industry leading payment provider whose only focus is the community banking space. We create, shape, and build programs that matches the culture of your bank. Select Bankcard will give you and your customers a better, and more profitable, payments experience. Pete Mudrow FI Channel Manager (855) 943-5763 [email protected] Welcome New Associate Members! OBA Members Named Best Banks to Work For in 2024 American Banker has named 90 banks to their 12th annual Best Banks to Work For ranking. American Banker determines the ranking in collaboration with Best Companies Group. The ranking depends on two sources of data: a survey measuring overall workplace satisfaction that’s completed by employees at applicant banks as well as a review of each applicants’ various policies and benefits. According to the survey, the 90 banks that made the list tend to prioritize engaged leaders, a strong corporate culture, job training and advancement and a feeling of belonging within the organization. Generous employee benefits, such as paid time off to volunteer and regular employee appreciation events, were also key, as was making time to have fun as a group. Congratulations to the following OBA members included in this year’s rankings. y #13 TIB y #14 PCBB y #67 Washington Trust Bank y #75 1st Security Bank Electronic Transmission Levy Options Now Available—Enroll in IRS eLevy Program The Internal Revenue Service (IRS) Electronic Levy (eLevy) is a program that makes delivery of levies more efficient and convenient for banks nationwide. The IRS is seeking participants to enroll in this innovative program to reduce incoming paper Notice of Levies (Forms 668-W and Forms 668-A), decrease third party paper routing mishaps, lessen the need for paper document storage, and improve electronic document retention. Enrolled eLevy participants have noted efficiencies and cost savings from the program. They also report the eLevy process simplifies sharing and tracking levy garnishment documents with their outside payroll servicers. eLevy is available to all banking institutions and businesses, both governmental and private sector. The benefits of eLevy include: y Simple to enroll. y No enrollment fees or costs to participate. y Banks can participate in eLevy at both the customer and employer levels. y Receipt of electronic levies to a designated fax number established by participants. y Reduced incoming mail, overhead and handling time. y Reduced calls from the IRS for delivery confirmation. How eLevy works: y Electronic levies will be digitally signed and include a coversheet with the name and fax number of the initiating IRS employee. y Part 3 of Forms 668-A and 668-W responses may be faxed to the originating IRS employee’s eFax number when no levy proceeds are attached. To enroll, contact the IRS at [email protected]. Winter 2025 • BANKING MATTERS 43
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