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 …
December 2022
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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
For more than 20 years, Cornerstone Advisors has delivered gritty insights, bold strategies and data-driven solutions to build smarter banks. From technology system selection and implementation, to contract negotiations, performance improvement programs, strategic planning, merger integration, and advisory services, Cornerstone combines its expertise with proprietary data to help financial institutions thrive in today’s challenging environment. For more information, visit us …
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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 …
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December 8, 2022
Four bankers inducted into Oklahoma Bankers Hall of Fame
The Oklahoma Bankers Hall of Fame inducted its 2022 class – its fourth ever – today at the Oklahoma History Center in Oklahoma City. Dr. Sinclair Armstrong Jr., with Armstrong Bank in Muskogee; Shirley Barber, a longtime banker with Security State Bank in Cheyenne; Robert H. Croak, with FNB Community Bank in Midwest City; and the late John Massey, with …
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December 6, 2022
ABA report: Credit card market remains strong
Consumers continued to manage their credit well despite economic headwinds in the second quarter of 2022, according to the American Bankers Association’s latest Credit Card Market Monitor. The report found that credit card credit outstanding as a share of disposable income remained well below pre-pandemic levels in the second quarter while inflation-adjusted monthly credit card purchase volumes increased across risk …
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December 6, 2022
November 2022 OBA Legal Briefs
HMDA Changes Un-Changing? Defunding the CFPB New “Junk Fees” HMDA Changes Un-changing? By Andy Zavoina As a part of your Compliance Management Program, you should meet periodically with senior management and/or the board of directors and keep them informed of changes that are or may be coming down at you. This is especially the case as we approach budget talks. …
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December 6, 2022
Week of Dec. 5
In This Issue… ABA report: Credit card market remains strong Oklahoma Bankers Hall of Fame induction ceremony set for Thursday OBA education corner … ABA report: Credit card market remains strong Consumers continued to manage their credit well despite economic headwinds in the second quarter of 2022, according to the American Bankers Association’s latest Credit Card Market Monitor. The report …