The Federal Reserve Board and the FDIC announced in mid-December the 2023 updated asset-size thresholds used to define “small bank” and “intermediate small bank” under their Community Reinvestment Act regulations. Annual adjustments to these asset-size thresholds are based on the average change in the Consumer Price Index for Urban Wage Earners and Clerical Workers, which is a measure of inflation. …

Several scholarships are now available to bankers from OBA-member banks for various graduate schools of banking. Applications (other than for GSB-Colorado) should be submitted to the OBA’s Janis Reeser by email (janis@oba.com), regular mail (643 N.E. 41st St., OKC, 73105) or fax (405-424-4518). The scholarship recipients will be selected and announced no later than April 22. Click on the links …

In This Issue… Treasury issues guidance on stock repurchase excise tax Happy New Year’s! OBA education corner … Treasury issues guidance on stock repurchase excise tax The Treasury Department last week issued initial guidance regarding a new annual excise tax that applies to repurchases of a publicly traded corporation’s stock that takes place after Dec. 31, 2022. The tax was …

In This Issue… CFPB announces threshold adjustments for Truth in Lending Act Happy New Year’s! OBA education corner … CFPB announces annual threshold adjustments for Truth in Lending Act The Consumer Financial Protection Bureau last week announced the 2023 dollar amounts for the annual threshold adjustments for Regulation Z, which implements the Truth in Lending Act. For open-end consumer credit …

The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2022. The source of the information used to determine this percentage included the Association’s general ledger and an estimate of the percentage of time related to applicable personnel’s involvement with lobbying activities by management of the Association. …

Happy holidays and merry Christmas from your family here at the OBA! In observance of Christmas, our offices will be closed on Monday, Dec. 26. We will re-open at our normal time on Tuesday, Dec. 27.

In This Issue… Happy holidays from us! Agencies release asset-size thresholds for CRA regulations Governor’s inaugural ball seeking sponsorships 2023 holiday closing signs available from OBA OBA education corner … Happy holidays from us! Happy holidays and merry Christmas from your family here at the OBA! In observance of Christmas, our offices will be closed on Monday, Dec. 26. We …

In This Issue… Four bankers inducted into Oklahoma Bankers Hall of Fame OCC discusses key risks facing federal banking system OBA Intern Program ready for 2023 OBA welcomes trio of new strategic members OBA education corner … Four bankers inducted into Oklahoma Bankers Hall of Fame The Oklahoma Bankers Hall of Fame inducted its 2022 class – its fourth ever …

On Dec. 8, the Oklahoma Bankers Hall of Fame inducted four new members. This year’s class included four outstanding bankers who have been – and still are – pillars in the banking industry, their communities and the state of Oklahoma. This group of bankers falls right in line with previous inductees with their storied history and contributions still being made …

Net income at Oklahoma banks increased by almost 50% overall from the second quarter to the third quarter of 2022. The FDIC’s latest Quarterly Banking Profile, which was released in late November, showed good news for Oklahoma banks from the second to third quarters. After reporting $799 million in profits through the end of the second quarter, Oklahoma commercial banks …