News

The Oklahoma City Branch of the Federal Reserve of Kansas City has released its latest issue of the quarterly publication the Oklahoma Economist. Oklahoma’s economy continued to expand in 2018 with employment increasing solidly and the unemployment rate below the national average with wages rising, according to Chad Wilkerson, branch executive, vice president and economist at the Oklahoma City Branch …

The nondeductible portion of OBA dues have been calculated for our members, for the fiscal year ending April 30, 2018. The nondeductible portion is 17.78 percent. If you have any questions, please contact Lea Ann Jackson at the OBA.

In This Issue… • Federal Reserve needing comments on new payment system • Gov.-Elect Stitt: information on inaugural ball, banker involvement • Economic, social costs of legalized marijuana • Free webinar upcoming on how donations can support rural schools • OBA education corner …

We’d like to take an opportunity to recognize the sponsors from the 2018 Oklahoma Bankers Hall of Fame induction ceremony. Ruby Sponsor BancFirst   Sapphire Sponsor First National Bank & Trust Co., Shawnee   Sapphire Sponsor The University of Oklahoma Foundation   Emerald Sponsor Sonic   Emerald Sponsor FHLBank Topeka

In This Issue… • Inaugural class inducted into Oklahoma Bankers Hall of Fame • Nondeductible portion of OBA dues calculated • OBA taking CD bids from members • Free webinar upcoming on how donations can support rural schools • OBA education corner …

The Oklahoma Bankers Hall of Fame inducted its first-ever class today at the Oklahoma History Center in Oklahoma City. Shawnee banker Larry Briggs, Altus banker Ken Fergeson and Oklahoma City banker Gene Rainbolt made up the inaugural group. The ceremony was hosted by the Oklahoma Bankers Association’s immediate past chairman, Guy Sims, who is also president/CEO/chairman of Shamrock Bank in …

In This Issue… • Fed needs comments on payments, settlement proposal • Save the dates for upcoming major OBA events! • OBA education corner …

Recently, the FDIC released its third quarter report showing FDIC-insured institutions reported aggregate net income in the amount of $62 billion, up $14 billion, or 29.3 percent, over last year at this point in the year. According to the agency, this increase in earnings came as a result of higher net operating revenue plus a lower effective tax rate. According …

Arvest Bank’s scholarship program to help single parents attend college was featured in NewsOK recently. The program, Oklahoma Single Parent Scholarship Program, has already awarded 23 scholarships to single parents in central Oklahoma. You can read the full Q&A on NewsOK with Teresa Moore, integrated account servicing director at Arvest Bank, by clicking here.

In This Issue… • Sandy’s salutations • Oklahoma banking industry continues record pace • FDIC releases decision on simplified capital requirements • Could your bank take brief survey on armed guards/bank entrances? • Oklahoma Bankers Hall of Fame ceremony set for Dec. 4 • OBA education corner …