Friday, March 29, 2024

Jeremy Cowen

Executive News: Well … now what?

The result of the presidential election a couple of months ago has now been certified by the U.S. Senate, Vice President Mike Pence presiding. Joe Biden is now, officially, the president-elect. But it didn’t come easy. As every banker and probably e very bank customer knows by now, our nation withstood an assault on the sacred grounds of the U.S. …

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Adrian Beverage named successor to OBA president/CEO

The Oklahoma Bankers Association announced Thursday that, after a nationwide executive search, Adrian Beverage has been chosen as its next president and CEO, effective May 1, 2021. “With our partners at Schnake Turnbo Frank, our 10-member succession committee conducted an objective, dynamic process to select the next president and CEO of the OBA,” said Rick Walker, chairman of the OBA …

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COVID relief package passes; latest PPP round underway

In late December, shortly before the holiday season began, Congress cast final votes to pass the $900 billion bipartisan coronavirus relief package. Shortly afterward, the bill was signed by President Trump and put into action. The bill did include more funds for a new round of the Paycheck Protection Program, and that round is currently underway as this issue of …

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Week of Dec. 28

In This Issue… Banks should expect stimulus payments to hit customers’ accounts soon Dates changed for 2021 OBA Senior Management Forum OBA holiday hours updated OBA education corner … Banks should expect stimulus payments to hit customers’ accounts soon ACH transactions for the economic impact payments are expected to begin as soon as today. More than 100 million files are …

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2021 OBA Senior Management Forum changes dates

The 2021 Senior Management Forum dates have changed. The Forum will now be held June 20-22, at the Bellagio in Las Vegas. Keep an eye out for more information on this in the coming months! Contact the OBA education department with any questions about the Forum.

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Executive News: Christmas joy … especially this year

Each December, I write this column to wish you and yours a very merry Christmas. In the past I’ve also used this opportunity to summarize what we’ve been doing for the past year. I’ve also written this column to demonstrate the value of your bank’s OBA membership, and that’s been especially true this year. Working in tandem with my colleagues …

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Consumer credit growth increases

In October, consumer credit increased at a seasonally adjusted annual rate of 2.1%. Revolving credit decreased at an annual rate of 6.7%, and nonrevolving credit increased at an annual rate of 4.8%. Federal government holdings of student loans continue to be the largest portion of non-revolving credit, comprising approximately 43.2% of outstanding credit. Depository institutions and finance companies are secondary …

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Oklahoma banks show upward trajectory in third quarter

Oklahoma banks showed increasing numbers in their net income for the third quarter of 2020 according to the just-released FDIC Quarterly Banking Review. Oklahoma banks have a net income of $1.05 billion in 2020 as of the Sept. 30 numbers, compared to a net income of $1.03 billion at the same time frame in 2019. This year’s $1.05 billion is …

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Executive News: What a mess!

As this issue of Oklahoma Banker goes to press, we still don’t know for absolute sure who the next president of the United States will be. Bummer. What DO we know? Well, we know a few things: The Oklahoma Hous e of Representatives gained some additional Republican members. The state Senate remained pretty much even. State Question 805 was soundly …

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