Oklahoma Banker

On Friday, Dec. 22, 2017, President Trump signed into law H.R. 1, which became Public Law No: 115-97. “The process was a bit confusing, to say the least,” OBA President and CEO Roger Beverage said. “The bill had to be structured in such a way that it would fit into the ‘reconciliation’ process in the Senate and still be acceptable …

By Jeremy Cowen Vice President/Communications    Bankers know a lot about investing. Therefore, it should be of little surprise Oklahoma bankers continue to invest in the future of their own industry. The Oklahoma Bankers Association’s popular Summer Intern Program will again be active in 2018 and is expecting a number of prospective interns from the University of Oklahoma and Oklahoma State …

On Dec. 5, after enduring a seven-hour process of rejecting some 37 amendments proposed by Democrat members of the Senate Banking Committee, the Committee voted to advance S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, to the full Senate for consideration. It was a strong bipartisan vote: 16-7, including four of the 11 Democrats on the Committee. …

By Megan McGuire OBA Member Relations A commonly asked question at the OBA is: Am I a member? Every employee of an OBA member bank is a member of the OBA. Furthermore, every employee of an OBA strategic member is a strategic member of the OBA. The Oklahoma Bankers Association would like for all its members to make the most …

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 …

Delinquencies in closed-end loans held steady in the second quarter as bank card delinquencies fell and home-related categories continued their return to normal levels, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin, which were released early this month. Overall, delinquencies fell in eight of the 11 individual consumer loan categories tracked by ABA. The composite ratio, …

Through the first two quarters of the year, Oklahoma banks earned $720 million at the end of June 2017. Earnings to date are well ahead of bank earnings at this same point in 2016 and are $32 million ahead of the previous record year (2015).  Total assets have grown to $114 billion (roughly $11 billion ahead of last year) while …

An OBA Update late last month carried a report about a joint effort by the Texas Bankers Association and the Independent Bankers Association of Texas to help raise money for the Houston flood. The two banker advocacy groups expressed their heartfelt angst, thoughts and prayers for those communities that have been devastated by the recent hurricane. TBA and IBAT were …

Most bankers are aware the Consumer Financial Protection Bureau has put forth a Request for Information that deals with the small business lending market. In particular, the Bureau wants information about current practices as they relate to small businesses that are minority- or women-owned. This request comes about because Section 1071 of Dodd-Frank has mandated bankers compile, maintain and report …

To help with our bankers’ future planning, we’ve set the dates and locations for the upcoming Bankers’ Night Out events for the fall season. These events are valuable opportunities for bankers to network with peers and gain insight on happenings in the industry. There are six stops scheduled, including a new addition to our regular list of locations: Stillwater. All …