Oklahoma Bankers Association We make bankers better!
FinCEN (Financial Crimes Enforcement Network) recently released an updated version of its Frequently Asked Questions (FAQ) outline in an effort to assist bankers as they prepare for the May 11 deadline. These expanded due diligence requirements are intended to find out who is really the controlling force of various businesses with which the bank does business, including corporations and limited …
April 2018
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April 12, 2018
OBA Professional Members college scholarship available
Each year, the Oklahoma Bankers Association awards a $1,000 scholarship to an incoming freshman who has a parent, grandparent, sibling or spouse who is a Professional Member of the Association. The student must enroll in an accredited Oklahoma institution of higher education. The applicant must also be graduating from an Oklahoma high school. A panel of bankers will select the winning …
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April 11, 2018
Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company providing banking, investment and mortgage products and services, as well as consumer and commercial finance. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. CONTACT …
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April 11, 2018
Executive News: Still waiting
As this issue of the Oklahoma Banker goes to press, we’re no further along than we were last month on getting regulatory relief for traditional community banks over the goal line. But it’s not without hope. I think. The delay is being caused by Rep. Jeb Hensarling (R-Texas), who chairs the House Financial Services Committee. I’m told he has 30 …
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April 11, 2018
Answer the CALL at 2018 OBA convention
The 2018 OBA Annual Convention & Trade Show is coming soon, set for May 21-23 at the Hard Rock Hotel & Casino in Catoosa. This year’s convention theme is “Answer the C.A.L.L. (community/advocacy/leadership/legacy). Lt. Col. Robert Darling, a retired member of the U.S. Marine Corps., who served in the first Gulf War and supported the president in the President’s Emergency …
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April 11, 2018
State associations urge swift passage of S. 2155
In a letter to the speaker of the House of Representatives and the minority leader in the House, the Oklahoma Bankers Association joined the other state bankers associations urging for swift passage of the community bank regulatory relief bill, S. 2155. “We thought it was important to make certain House leadership on both sides of the aisle be aware of …
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April 10, 2018
Week of April 9
In This Issue… • CRA changes recommended • Beneficial ownership FAQs • Board nominees selected for consideration by membership • OBA education corner …
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April 5, 2018
Board nominees, first vice chairman selected for consideration by membership
Pursuant to Article V, Section 5.4 of the By Laws of the OBA, notice is hereby given of the slate of nominees that have been selected by each of Board’s nominating committees to serve a three-year term on the Board of Directors. The slate of nominees will be considered by the membership on May 22 at the annual meeting and …
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April 4, 2018
April 2018 Legal Briefs
Watch that tax advice! Credit reports are changing again Telephone Consumer Protection Act – Update Sellers’ cost on borrowers’ closing disclosures Watch that tax advice! By Andy Zavoina When it comes to tax deductibility, “watch that tax advice.” Let’s get straight to the point, considering it is April and income taxes are due. I want to caution banks, and especially …
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April 3, 2018
Walker nominated as OBA first vice chairman
Pursuant to Section 6.3 of the By Laws of the Oklahoma Bankers Association, notice is hereby given of the nominee for the office of First Vice Chairman. The nominee was selected from among more than a dozen names that had been submitted to the Nominating Committee for consideration. The nominee for the office of First Vice Chairman of the Oklahoma …