News

We are six weeks out from the end of the legislative session which means we are two weeks away from what is often referred too as the “silly season.” The last four weeks of session is when bills come out of nowhere, and it seems, at times, like there aren’t any rules. I don’t necessarily intend to speak negatively of …

The number of bank robberies in Oklahoma, as well as nationwide, has remained consistently low for the past few years. It is still critically important, however, our banks train for the “when” and not “if” as the safety of all our bankers and customers is a primary goal. The OBA has created an updated training video via Zoom, which features …

The 2023 OBA Convention and Trade Show will make its appearance in early May when it will be held on May 8-10 at the Embassy Suites in Oklahoma City. This year’s theme is centered around the Oklahoma Bankers Association and Oklahoma banking family. The OBA and its member banks constitute a family … and the family is made up of …

The Federal Deposit Insurance Corporation Board of Directors today approved a notice of proposed rulemaking, which would implement a special assessment to recover the cost associated with protecting uninsured depositors following the closures of Silicon Valley Bank and Signature Bank. The FDIC is proposing to collect the special assessment at an annual rate of approximately 12.5 basis points over eight …

Maggie Alfaro Trace Black Tanner Burton Daniel Castillo Pam Duran Brandon Fields Brian Fischer Jordan Gary Cheri Hansen Raynie Harrison Cortney Hatton Tara Holder Blayne Horn Lija Kolosha Amanda Martin Ryan Miller Riley Nicholas Alex Paredes Brian Perceful Mariela Perez Kaylee Schuelein Guy Smith Austin Swickey       Emerging Leader 8

A “targeted” deposit insurance system in which additional coverage would be extended to business payment accounts would be the best option for balancing financial stability and depositor protection relative to its costs, the FDIC said earlier this week in review of the system. The review, prompted by recent bank failures, considered three options for reforming the Deposit Insurance Fund: The limited …

Be sure to bookmark our dedicated mobile web page for convention, which includes the schedule, exhibit floor plan, sponsors and more at www.oba.com/convention. Those using iPhones can save the page on their home screen like an app by simply hitting the share button at the bottom of the screen (icon at center that looks like a square with an arrow …

Oklahoma Settlements Involving Minors Act Minor as POD beneficiary Discrimination update: ECOA and FHA Oklahoma Settlements Involving Minors Act of 2022 By Pauli D. Loeffler The Oklahoma Statutory Thresholds for Settlements Involving Minors Act of 2022 (“Minor Settlements Act” or the “Act”) is found in Title 12 of the Oklahoma Statutes and became effective November 1, 2022.  For some reason, …

In This Issue… One week until OBA Convention! FDIC posits ‘targeted’ coverage might be best option for deposit insurance reform Send in your bank family photos! OBA education corner … One week until OBA Convention! The Oklahoma Bankers Association and its member banks constitute a family … and the family is made up of many members. Nearly 200 banks and …

The U.S. banking system remains the deepest and most resilient in the world, and the diversity of banks serving communities across the country continues to be a source of strength for the nation’s economy, the OBA, the American Bankers Association and 50 other state bankers associations said last week in a letter to congressional leaders. The groups noted that while the …