The Small Business Administration issued a final rule this week to lift the moratorium on the number of non-depository lenders in the 7(a) program. Through the 7(a) program, banks and other lenders provide loans to underserved small businesses. The number of non-depository institutions in the program has been capped at 14 institutions for decades, but that cap is eliminated under …

In This Issue… Send it your bank family photos! Upcoming Oklahoma Banker newspaper combines April, May issues Deadline for OBA scholarship approaching OBA partners with ODP Business Solutions for member discounts Welcome, new strategic members OBA education corner … Send in your bank family photos! The Oklahoma Bankers Association and its member banks constitute a family … and the family …

In This Issue… CFPB sets policy statement on abusive acts, practices We are family: OBA Convention open for registration! Bankers at state capitol: Register for OBA’s 2023 Contact Banker Program Thank you to our Senior Management Conference sponsors! OBA education corner … CFPB sets policy statement on abusive acts, practices The Consumer Financial Protection Agency on Monday issued proposed guidance …

Pursuant to Article V, Section 5.4 of the By Laws of the OBA, notice is hereby given of the slate of nominees that have been selected by each of Board’s nominating committees to serve a three-year term on the Board of Directors. The slate of nominees will be considered by the membership on May 9 at the annual meeting and …

In This Issue… Deposit fund assessment proposal likely happening North Carolina bank assumes deposits, loans of Silicon Valley Bridge Bank We are family: OBA convention open for registration! OBA Bankers’ Night Out programs start this week OBA education corner … Deposit fund assessment proposal likely happening The FDIC estimates the cost of resolving Silicon Valley Bank will likely be $20 …

March is the time of year we have hopefully started the transition from the cold and wintry weather to warmer weather and a quiet storm season. We are living through a similar transition at the state capitol. Thursday, March 2, was the first legislative deadline of this year’s session, and it couldn’t get here fast enough. There are so many …

Oklahoma’s commercial banks saw a decrease in net income earnings in the fourth quarter from the fourth-quarter mark from last year, according to the FDIC’s Quarterly Banking Profile. The Quarterly Banking Profile was released at the end of February and showed mixed news for both the state’s banks and the nation’s. Oklahoma banks saw their net income increase from $1.3 …

In This Issue… New fraud training video available from OBA HUD to reinstate 2013 disparate impact rule Bankers at state capitol: Register for OBA’s 2023 Contact Banker Program OBA education corner … New fraud training video available from OBA The number of bank robberies in Oklahoma, as well as nationwide, has remained consistently low for the past few years. It …

As we head into the weekend, we wanted to give our members a short roundup of information and stories from this week surrounding the failure of Silicon Valley Bank. • U.S. Treasury Secretary Janet Yellen reassured markets and lawmakers at a Senate Finance Committee on Thursday the federal government is committed to protecting U.S. bank deposits. • Oklahoma Sen. James …

The failure of Silicon Valley Bank this weekend has been well covered in the national media. Local media here in Oklahoma might want to “localize” the story and reach out to our member banks for comment. To assist our banks, we put together some quotes and talking points below they are free to use and share. Also, all our banks …