Thursday, October 6, 2022

Oklahoma Banker

January 2021

  • January 11, 2021

    Executive News: Well … now what?

    The result of the presidential election a couple of months ago has now been certified by the U.S. Senate, Vice President Mike Pence presiding. Joe Biden is now, officially, the president-elect. But it didn’t come easy. As every banker and probably e very bank customer knows by now, our nation withstood an assault on the sacred grounds of the U.S. …

  • January 11, 2021

    Adrian Beverage named successor to OBA president/CEO

    The Oklahoma Bankers Association announced Thursday that, after a nationwide executive search, Adrian Beverage has been chosen as its next president and CEO, effective May 1, 2021. “With our partners at Schnake Turnbo Frank, our 10-member succession committee conducted an objective, dynamic process to select the next president and CEO of the OBA,” said Rick Walker, chairman of the OBA …

  • January 11, 2021

    COVID relief package passes; latest PPP round underway

    In late December, shortly before the holiday season began, Congress cast final votes to pass the $900 billion bipartisan coronavirus relief package. Shortly afterward, the bill was signed by President Trump and put into action. The bill did include more funds for a new round of the Paycheck Protection Program, and that round is currently underway as this issue of …

December 2020

  • December 11, 2020

    Executive News: Christmas joy … especially this year

    Each December, I write this column to wish you and yours a very merry Christmas. In the past I’ve also used this opportunity to summarize what we’ve been doing for the past year. I’ve also written this column to demonstrate the value of your bank’s OBA membership, and that’s been especially true this year. Working in tandem with my colleagues …

  • December 11, 2020

    Consumer credit growth increases

    In October, consumer credit increased at a seasonally adjusted annual rate of 2.1%. Revolving credit decreased at an annual rate of 6.7%, and nonrevolving credit increased at an annual rate of 4.8%. Federal government holdings of student loans continue to be the largest portion of non-revolving credit, comprising approximately 43.2% of outstanding credit. Depository institutions and finance companies are secondary …

  • December 11, 2020

    Oklahoma banks show upward trajectory in third quarter

    Oklahoma banks showed increasing numbers in their net income for the third quarter of 2020 according to the just-released FDIC Quarterly Banking Review. Oklahoma banks have a net income of $1.05 billion in 2020 as of the Sept. 30 numbers, compared to a net income of $1.03 billion at the same time frame in 2019. This year’s $1.05 billion is …

November 2020

  • November 11, 2020

    Executive News: What a mess!

    As this issue of Oklahoma Banker goes to press, we still don’t know for absolute sure who the next president of the United States will be. Bummer. What DO we know? Well, we know a few things: The Oklahoma Hous e of Representatives gained some additional Republican members. The state Senate remained pretty much even. State Question 805 was soundly …

  • November 11, 2020

    Fed maintains rates as recovery continues

    The Federal Reserve will keep its target range for the federal funds rate at zero to 0.25% as the economy remains well below levels of output seen at the start of the year, even as economic recovery continues, the Federal Open Market Committee said on Nov. 5. The committee said it expects to maintain that range until the labor market …

October 2020

  • October 11, 2020

    Executive News: Four weeks out, all is well … ?

    … umm … maybe. Maybe not. The upcoming election is about four weeks away. This year has been interesting/challenging, to say the least. That being the case, I have just a couple of quick election-related observations. The Trump Administration seems to be in the crosshairs of this dreaded COVID-19 virus: First it was Hope Hicks; then it was the president …

  • October 11, 2020

    ABA, OBA create voting toolkit

    It’s officially October, and news on the presidential election is on every corner. The conversation has taken over social media, television and even the dinner table. While talking about the election is a great way to educate yourself and others, the most essential part is exercising your right to vote. The American Bankers Association has teamed with the Oklahoma Bankers …