Wednesday, July 24, 2024

Oklahoma Banker

July 2024

  • July 22, 2024

    Executive News: Primaries (almost) wrap up across state

    We have survived the June 18 election primaries, the last-minute onslaught of tv ads and dreading opening the mailbox knowing it was full of political push cards. Don’t get too comfortable, though, as we have several runoff elections to be held on Tuesday, Aug. 27. While there won’t be as many races then, there are several important ones in the …

  • July 22, 2024

    FDIC issues guidance on reg relief related to storms

    The FDIC released guidance in mid-June with steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Oklahoma affected by recent severe storms and tornadoes. The agency encouraged banks in affected areas to work constructively with borrowers experiencing difficulties due to the severe weather, including extending repayment terms, restructuring existing loans or easing terms for …

June 2024

  • June 12, 2024

    Executive News: Legislative session rides roller coaster this year

    The Second Regular Session of the 59th Oklahoma State Legislature finally came to an end – by later afternoon on May 30, both chambers had officially adjourned sine die. The legislature is constitutionally required to adjourn session by 5 p.m. on the last Friday in May. Rarely do they ever make it to the last day in the month, but …

  • June 12, 2024

    Oklahoma banks post gains in first quarter

    Both total assets and total deposits increased at Oklahoma bankers during the first quarter of 2024. Total assets at at Oklahoma banks jumped from $152.8 billion at the end of 2023, to $155.4 by the end of the first quarter on March 31. Total deposits, meanwhile, also increased from $122 billion to $125.6 billion. Net income, however, was a bit …

  • June 12, 2024

    Agencies issue host state loan-to-deposit ratios

    Federal bank regulatory agencies issued at the end of last month the host state loan-to-deposit ratios that are used to evaluate compliance with section 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994. These ratios replace those from May 2023. Oklahoma moved to 86% in the ratios released, a jump from the previous mark of 76%. Other …

May 2024

  • May 22, 2024

    Executive News: Speedbumps being hit in state legislature

    We have officially entered the last month of the state legislative session, and just like clockwork, the craziness and the nonsense have already started. As I’ve mentioned before, the only thing the legislature is statutorily required to accomplish is to pass a state budget. So, all the policy issues still being considered must be across the finish line before the …

  • May 22, 2024

    Oklahoma banker named to FDIC subcommittee

    The FDIC, in late March, announced four new members of the agency’s Minority Depository Institutions Subcommittee to the Advisory Committee on Community Banking, which included an Oklahoma banker. They are: John Tom Anderson, president and CEO of F&M Bank, Edmond. John Lewis, president and CEO of the Harbor Bank of Maryland, Baltimore. Alfonso Macedo, president and CEO of Ocean Bank, …

  • May 22, 2024

    2024 OBA Directory of Banks now available for purchase

    The latest edition of the OBA Directory of Banks is now available. This essential reference includes financial data, important information about all Oklahoma banks, savings and loans, savings banks and holding companies, key personnel by function and title, answers to rules and regulations, legislators, state and national agencies, courthouses, fast-find index and much more! Each Directory is $40 per copy …

  • May 22, 2024

    FDIC seeks public comments about bank merger policies

    The FDIC is accepting public comment on its proposal to change how the agency will evaluate bank merger applications. Among other things, the proposal would broaden the number of competitive factors the FDIC will take into consideration when deciding whether to approve or deny applications. The agency would also require a “thorough accounting” of the potential effects on communities, including …

  • May 22, 2024

    Historical host: 2024 OBA Annual Convention set for appearance at Skirvin Hotel

    The Oklahoma Bankers Association Annual Convention takes place May 13-15 at the historic Skirvin Hilton in Oklahoma City. The OBA and its member banks are better together … it’s become a mantra of sorts during Bryan Cain’s year as OBA chair, and it’s the focus of our annual convention this year! Nearly 200 banks and 20,000 bank employees across the …