“Legalese” for non-lawyers Required year-end housekeeping

On Nov. 2, House Republican leaders released a draft of tax reform legislation – the Tax Cuts and Jobs Act – that makes numerous changes to the tax code for corporations and individual taxpayers. The more than 400-page bill also includes a number of provisions that will have a direct and indirect effect on the banking industry. Among the key …

Greetings from Guy By Guy Sims OBA Chairman Another interesting week in politics, both at the state and national level. At the state capitol, the Republican-led House failed to pass a budget bill on Wednesday and failed to pass a budget bill out of committee on Friday.  These two measures were the “brainchild” of Senate Republicans!  The state budget issue …

Greetings from Guy By Guy Sims OBA Chairman The past four weeks have been busy at the OBA. The Bankers’ Night Out series was held at six locations across the state, more than 70 Oklahoma bankers traveled to Washington for the annual congressional visit and several Oklahoma bankers attended the ABA convention in Chicago. This week will include GRC (Government …

2021 Banking Code Order Form (.pdf) Order online This annually revised desktop reference is a must for every bank, attorney and CPA. It contains: All the statutory provisions of the Banking Code; complete rules of the State Banking Board; legislative changes; Oklahoma Financial Privacy Act; Oklahoma Tax Commission; decedent account reporting statute; in-lieu tax provision; sale of checks act; branch banking …

Greetings from Guy Is your bank open, closed on Veterans Day? OBA hosting technology conference in November OBA education corner …

I was recently in D.C. with 70 fellow bankers. During our visit, Rep. Lucas took time out of his busy schedule to meet with us for a few minutes. His dedication is greatly appreciated. During our visit, a hot topic was tax reform. As I understand it, the bill would have an easier road if it were revenue neutral. I …

2017 Oklahoma Statutory Amendments Real Estate and Money Laundering FinCEN Revises Beneficial Ownership Certification Consumer Liability Under Regulation E

Greetings from Guy By Guy Sims OBA Chairman Editor’s note: Guy, Roger Beverage and several other OBA-affiliated bankers are currently in Chicago at the ABA Annual Convention. While on the road, Guy shared this photo of speaker Michael Hayden, former director of the National Security Agency and the CIA, during his afternoon speech on “Hot Spots at Home and Around …

The recent OBA Annual Washington Visit was highlighted in the Oklahoma State Banking Department’s monthly newsletter for October. The newsletter mentioned our Oklahoma bankers made a “powerful statement with record attendance” during the Visit, and also pointed out how several OBA Emerging Leaders made the trip. Oklahoma State Banking Commissioner Mick Thompson joined the more than five dozen bankers on the annual …