Oklahoma Bankers Association We make bankers better!
Insider Abuses Insider Abuses By Andy Zavoina Bert Lance. Many, or most of you will not know that name, but all of you know Regulation O. Briefly, this reg was implemented to prevent bank directors, executive officers, and principal shareholders from benefiting from favorable credit terms and treatment in a bank. This group we refer to as “insiders” is not …
December 2022
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December 27, 2022
Week of Dec. 26
In This Issue… CFPB announces threshold adjustments for Truth in Lending Act Happy New Year’s! OBA education corner … CFPB announces annual threshold adjustments for Truth in Lending Act The Consumer Financial Protection Bureau last week announced the 2023 dollar amounts for the annual threshold adjustments for Regulation Z, which implements the Truth in Lending Act. For open-end consumer credit …
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December 27, 2022
Reminder: Nondeductible portion of OBA dues calculated
The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2022. The source of the information used to determine this percentage included the Association’s general ledger and an estimate of the percentage of time related to applicable personnel’s involvement with lobbying activities by management of the Association. …
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December 23, 2022
Happy holidays, merry Christmas!
Happy holidays and merry Christmas from your family here at the OBA! In observance of Christmas, our offices will be closed on Monday, Dec. 26. We will re-open at our normal time on Tuesday, Dec. 27.
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December 20, 2022
Phillips Murrah PC.
Philllips Murrah P.C. is an award-winning, full-service business law firm with more than 75 attorneys in Oklahoma City, Norman, and Dallas. For 30 years, we have successfully represented the interests of a diverse clientele – including the FDIC – with an emphasis on Oklahoma and regional banks and financial institutions. CONTACT INFORMATION: Contact: J. Mark Lovelace, Mel McVay & Donald …
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December 20, 2022
Week of Dec. 19
In This Issue… Happy holidays from us! Agencies release asset-size thresholds for CRA regulations Governor’s inaugural ball seeking sponsorships 2023 holiday closing signs available from OBA OBA education corner … Happy holidays from us! Happy holidays and merry Christmas from your family here at the OBA! In observance of Christmas, our offices will be closed on Monday, Dec. 26. We …
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December 13, 2022
Week of Dec. 12
In This Issue… Four bankers inducted into Oklahoma Bankers Hall of Fame OCC discusses key risks facing federal banking system OBA Intern Program ready for 2023 OBA welcomes trio of new strategic members OBA education corner … Four bankers inducted into Oklahoma Bankers Hall of Fame The Oklahoma Bankers Hall of Fame inducted its 2022 class – its fourth ever …
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December 12, 2022
Cornerstone Advisors
Cornerstone Advisors, a pioneering management and technology consulting firm, elevates banks, and fintech enterprises to peak performance. With an unwavering commitment to tangible business impact, we guide financial institutions in enhancing strategies, technology, and operations, fostering heightened financial performance. Rooted in the belief that progress hinges on measurement, we empower clients through laser-focused metrics, facilitating smarter technology choices, process optimization, …
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December 12, 2022
Executive News: Let’s celebrate our newest Hall of Fame inductees
On Dec. 8, the Oklahoma Bankers Hall of Fame inducted four new members. This year’s class included four outstanding bankers who have been – and still are – pillars in the banking industry, their communities and the state of Oklahoma. This group of bankers falls right in line with previous inductees with their storied history and contributions still being made …
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December 12, 2022
Oklahoma banks increase income for third quarter
Net income at Oklahoma banks increased by almost 50% overall from the second quarter to the third quarter of 2022. The FDIC’s latest Quarterly Banking Profile, which was released in late November, showed good news for Oklahoma banks from the second to third quarters. After reporting $799 million in profits through the end of the second quarter, Oklahoma commercial banks …