I recently read an article in the American Banker about traditional community banks and their need for FinTech firms. The headline, “Traditional Banks Continue to Flirt with Obsolescence,” got my attention and, after reading what I thought was a sales pitch, I began to think about what he said or was trying to say. Robertson is the founder and CEO …

Although all FDIC-insured institutions reported net income of $62.6 billion at the end of the second quarter, Oklahoma banks were off by almost 4 percent when compared to the industry’s 2018 earnings at this same point. “The drop in income conforms to the earlier trends we’ve seen,” OBA President and CEO Roger Beverage said. “What’s interesting is that assets rose …

The Consumer Financial Protection Bureau will continue to publish a database of consumer complaints, but it will make several key changes to increase transparency and provide full context for consumers, the agency announced on Sept. 18. Among these changes are several advocated by the American Bankers Association. For example, the bureau said it will highlight consumers’ ability to contact their …

Need a night out with good food and company? The OBA will be able to sate those needs with its fall version of the ever-popular Bankers’ Night Out programs, which start next week! Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that …

In This Issue… FDIC releases results of Summary of Deposits annual survey OBA Bankers’ Night Out programs start this month! Deadline extended one week to order 2020 Oklahoma Views & Vistas Calendar OBA education corner …

The 2019 OBA Annual Washington Visit is next week, and if you’re planning on joining in, make sure to download the OBA app before you go. All of the 2019 Annual OBA Washington Visit material are available on the OBA app (issue papers, , schedule, etc.) You can download the OBA app by clicking here (for iTunes) or here (for Google Play).

In This Issue… George: Non-banks not allowed to access payments system Deposit Insurance Fund reaches record high Deadline approaching to order 2020 Oklahoma Views & Vistas Calendar Please whitelist info@oba.com email address OBA education corner …

For the 5,303 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation, aggregate net income totaled $62.6 billion in second quarter 2019, an increase of $2.5 billion (4.1 percent) from a year earlier. The improvement in net income is attributable to a $4.9 billion (3.7 percent) increase in net interest income. Financial results for second quarter 2019 …

In This Issue… Annual Washington Visit scheduled OBA Bankers’ Night Out programs ready for fall OBA education corner …

More than eight in 10 banks (84 percent) believe social media is important to their institution and 87 percent are very or somewhat active on their social media accounts, according to a new report released today by the American Bankers Association. The State of Social Media in Banking 2019 highlights the results of an ABA survey of 430 banks of …