Tuesday, April 20, 2021

December 2020

  • December 15, 2020

    GSB-Madison HR Management School scholarship available

    The GSB-Madison Human Resource Management School, which is set for April 2021, has a scholarship available to all OBA members. Click here for more information!

  • December 14, 2020

    Answering questions about president’s Christmas Eve executive order

    The executive order recently signed by President Trump concerning Christmas Eve has raised questions about if Dec. 24 is now a full-fledged holiday. The OBA compliance team looked close at the order and have discerned it is NOT a holiday, but instead is simply allowing many federal employees the day off. Here is the summation from our compliance team, and how it …

  • December 11, 2020

    Executive News: Christmas joy … especially this year

    Each December, I write this column to wish you and yours a very merry Christmas. In the past I’ve also used this opportunity to summarize what we’ve been doing for the past year. I’ve also written this column to demonstrate the value of your bank’s OBA membership, and that’s been especially true this year. Working in tandem with my colleagues …

  • December 11, 2020

    Consumer credit growth increases

    In October, consumer credit increased at a seasonally adjusted annual rate of 2.1%. Revolving credit decreased at an annual rate of 6.7%, and nonrevolving credit increased at an annual rate of 4.8%. Federal government holdings of student loans continue to be the largest portion of non-revolving credit, comprising approximately 43.2% of outstanding credit. Depository institutions and finance companies are secondary …

  • December 11, 2020

    Oklahoma banks show upward trajectory in third quarter

    Oklahoma banks showed increasing numbers in their net income for the third quarter of 2020 according to the just-released FDIC Quarterly Banking Review. Oklahoma banks have a net income of $1.05 billion in 2020 as of the Sept. 30 numbers, compared to a net income of $1.03 billion at the same time frame in 2019. This year’s $1.05 billion is …

  • December 10, 2020

    OBA names successor for president/CEO position

    OBA Chairman Rick Walker has a special announcement for all OBA members. His letter is below: Dear OBA members, In 2019, the OBA Board of Directors nominated a 10-member succession committee to begin the process of selecting a new leader for the OBA before Roger Beverage’s impending retirement in 2021. That committee, headed by Sandy Werner, ultimately selected the leadership …

  • December 9, 2020

    Banking associations ask for extension of CARES Act

    The Oklahoma Bankers Association, the American Bankers Association and 50 other state and territorial bankers associations, co-signed a letter today to several congressional leaders thanking them for their leadership and support throughout the COVID-19 pandemic and urging them to extend the CARES Act. The letter, addressed to Sen. Mike Crapo (R-Idaho), Sen. Sherrod Brown (R-Ohio), Rep. Maxine Waters (D-Calif.) and …

  • December 8, 2020

    Small business optimism falls in November

    The NFIB Small Business Optimism Index declined 2.6 points in November, measuring 101.4. Despite the November decrease, the index remains well above the 47-year historical average reading of 98. While business conditions have improved, many respondents reported increased uncertainty driven by the increased spread of COVID-19 cases. The index shows a decrease in owners who believe now is a good …

  • December 8, 2020

    Week of Dec. 7

    In This Issue… Trade groups urge postponement of Figure Bank charter application OBA Office Depot Program brings new deals OBA education corner … Trade groups urge postponement of Figure Bank charter application ABA and six other industry trade groups on Monday urged the OCC to postpone its consideration of a charter application submitted by Reno, Nevada-based Figure Bank. The groups raised …

  • December 4, 2020

    Banks interested in more PPP loans?

    There is a new round of stimulus packaging being discussed in Washington. Part of it is likely to include some additional PPP-like funding. If this proposal comes to pass, would your bank participate in this new tranche of funds with the same guidelines you have experienced in the previous two tranches of PPP funding? Please take a quick minute (or …