Thursday, October 6, 2022

Oklahoma Banker

February 2022

  • February 17, 2022

    FDIC announces 2022 priorities

    Federal Deposit Insurance Corporation Acting Chairman Martin J. Gruenberg released earlier this month the following statement and summary of the FDIC’s priorities for the coming year: “The FDIC’s core mission is to maintain stability and public confidence in the U.S. financial system. The FDIC carries out this mission through its responsibilities for deposit insurance, banking supervision and the orderly resolution …

  • February 17, 2022

    PPP borrowers may request review of partly forgiven loans

    The Small Business Administration announced early this month it will allow Paycheck Protection Program borrowers to request a loan review by SBA when the lender determines that the borrower is entitled to only partial forgiveness of the PPP loan. Under a procedural notice issued by SBA, when a lender receives a forgiveness remittance from SBA on a loan where only …

January 2022

  • January 27, 2022

    Executive News: Happy new year as we prepare for busy 2022

    Happy new year and welcome to 2022! I would encourage you to buckle up, as it looks like it’s going to be a busy year. I expect Washington to be as crazy as ever with possibly the most significant midterm election that we’ve seen in decades. Let’s not lose sight of everything that you as an industry accomplished in 2021. …

  • January 27, 2022

    FDIC chairperson announces resignation

    FDIC Chairperson Jelena McWilliams announced her resignation on Dec. 31 via a letter to President Joe Biden. McWilliams, a Republican, was named the 21st chairperson of the FDIC in June 2018 after being appointed by then-President Donald Trump. Her official departure has been set for Feb. 4, with FDIC board member Martin Gruenberg reported to become acting chairman – his …

  • January 27, 2022

    Leverage ratio returns to 9% for new year

    With the expiration of coronavirus-related relief provided under the CARES Act, the community bank leverage ratio will revert to a minimum of 9% starting on Jan. 1, 2022, the banking agencies said in late December. Banking organizations that elect the CBLR framework on their March 31, 2022, call reports will be subject to the requirement. “The community bank leverage ratio …

December 2021

  • December 27, 2021

    Executive News: Celebrating our Hall of Famers

    Early this month, the OBA hosted the third Oklahoma Bankers Hall of Fame Induction Ceremony. This year’s class included four bankers who have been – and still are – pillars in the bankin g industry, their communities and the state of Oklahoma. This class falls right in line with previous inductees with their storied history and contributions still being made …

  • December 27, 2021

    Hall of famers

    By Payton Moody OBA Communications Intern It was a day that meant so much to bankers – a day to honor and celebrate their careers with friends and loved ones. The Oklahoma Bankers Hall of Fame ceremony is always a special occasion, and this year’s Dec. 2 event was no exception. Four bankers were inducted into the Hall of Fame, …

  • December 27, 2021

    Oklahoma banks post big profits for third quarter

    Net income at Oklahoma banks increased by more than 50% overall from the second quarter to the third quarter of 2021. The FDIC’s latest Quarterly Banking Profile, which was released in late November, showed good news for Oklahoma banks. After reporting $999 million in profits through the end of the second quarter, Oklahoma commercial banks showed more than $1.5 billion …

November 2021

  • November 19, 2021

    Executive News: Bankers’ Night Out events wrap up autumn season

    The first week of this month, we wrapped up our fall Bankers’ Night Out events. We traveled to six different locations across the state and were able to visit with more than 700 bankers. Thanks goes to Miles Pringle with The Bankers Bank, who joined us to talk about everything bitcoin and digital currency. Along with Miles, we covered a …

  • November 18, 2021

    IRS reporting issue not part of initial budget framework

    The Biden Administration and House leaders released the framework and legislative text of the Build Back Better plan in late October, and the package does not contain any language on the tax information reporting proposal opposed by the ABA, OBA and other state bankers associations. Please note, however, the release of the framework and text is only a part of …