ABA has delivered its fifth white paper to the Department of the Treasury outlining the reasons why the Volcker Rule is a drag on the U.S. economy. The rule requires all banks, regardless of size, to refrain from doing any activities that involve “proprietary trading.” “One of the problems is that, as worded, the Volcker rule applies to all banks, …

This morning, the House Financial Services Committee began considering H.R. 10, the Financial CHOICE Act. Introduced by House Financial Services Chairman Jeb Hensarling (R-Texas), H.R. 10 is the chairman’s vision of the effort to “repeal and replace” Dodd-Frank. The Independent Community Bankers of America is having its annual ICBA Capital Summit in Washington, D.C., right now, and we want to …

From the chairman By Curtis Davidson OBA Chairman Chambers of Commence are one of our strongest allies. Be it local or national, chambers and banks have the same goal: to support economic growth, job creation and entrepreneurship. Last week, I watched a webcast from the U.S. Chamber of Commerce Capital Markets Summit titled “Kickstarting Growth: The Small Business Story.” I …

Late Tuesday, Senate Bill 291 was added to the House Floor calendar and could possibly be heard today or Thursday. SB 291 is a bad bill for banking! This bill makes the necessary changes to allow Green-Energy PACE Home Loans. These loans are currently under scrutiny from federal regulators and Congress. Current Oklahoma law states that these loans are junior …

In an effort to bring your bank more options, your OBA is in the process of finalizing an agreement with the Texas Bankers Association to transition the OBA Insurance Agency into the TBA’s insurance operation. Judy Hanna will continue to be your agent and will work exclusively in Oklahoma and will still be located in the OBA offices. “The idea …

CHOICE Act introduced, to be considered Wednesday Thursday, Rep. Jeb Hensarling (R-Texas), who chairs the House Financial Services Committee, released his latest version of the Financial Choice Act.  We’ve talked about this approach before in this space and we featured it at the recent Bankers’ Night Out Programs across the state.   The intent of this 600-page bill is to “repeal …

From the chairman By Curtis Davidson OBA Chairman Someone once said, “What you put into life is what you get out of it.” That same concept is also true as it relates to your bank’s investment in the OBA.  As we were preparing the budget for the next fiscal year, it caused me to closely examine what my OBA dues …

One of our member banks has shared with us the following letter the bank received regarding a patent license involving a remote deposit capture offering. If your bank has received such a letter as the one that follows, please email it to Roger Beverage – roger@oba.com – at your early convenience. Click here to read the letter.

From the chairman By Curtis Davidson OBA Chairman Here’s the real story about my favorite community banker. P.D. moved to Ardmore a year after he married his childhood sweetheart, Raymonde, who was known simply as Ray. He found a cashier job with Ardmore National Bank. He soon worked directly under Lee Cruce, who would become Oklahoma’s second governor. P.D. and …

Deceased Customer Accounts Oklahoma Interstate Succession Laws Chart