CHOICE Act introduced, to be considered Wednesday Thursday, Rep. Jeb Hensarling (R-Texas), who chairs the House Financial Services Committee, released his latest version of the Financial Choice Act.  We’ve talked about this approach before in this space and we featured it at the recent Bankers’ Night Out Programs across the state.   The intent of this 600-page bill is to “repeal …

From the chairman By Curtis Davidson OBA Chairman Here’s the real story about my favorite community banker. P.D. moved to Ardmore a year after he married his childhood sweetheart, Raymonde, who was known simply as Ray. He found a cashier job with Ardmore National Bank. He soon worked directly under Lee Cruce, who would become Oklahoma’s second governor. P.D. and …

From the chairman By Curtis Davidson OBA Chairman Last Thursday’s meeting between President Trump and community bankers has been widely reported and discussed, and is covered in more detail below. I would also like to reflect on a few points and the significance of this meeting. Can you remember when a sitting president has met with bankers who represent the …

OBA Bankers’ Night Out programs ready for spring The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. …

From the chairman By Curtis Davidson OBA Chairman As predicted by many sources, including the ABA, health care reform has quickly taken center stage as the number one domestic political issue. After reading and listening to supporters from both sides of the aisle, I’m reminded of the hot potato game we played as children. If you remember, the objective is …

From the chairman By Curtis Davidson OBA Chairman The Oklahoman editorial on New Year’s Day listed its wish list for 2017. So, instead of New Year’s resolutions that are usually broken before January has passed, I have a federal legislative wish list. I limit myself to three wishes since I’m hoping a genie will be sure to grant them. Also, …

“Local Check” Area Expanding on April 19 Recent Court Ruling Concerning Liens on Indian Car Titles Using W-9s (With SSN or ITIN) or W8-BENs to Open Accounts

Important Issues in Establishing Tragedy Accounts Using a Real Payee Endorsement Risk Tragedy Victim as Owner? Tax-Deductible Entity Setting up a Trust UTMA Account Risk-Based Approach Bank-Sponsored Account Guidelines for Residential Tract Development Loans Appraisal Methods            Appraising Lots to be Developed        Loan-to-Value Ratios           Single-Unit Construction Loans        Substituting/Releasing Collateral    What is the Loan Amount? Commitment …