Saturday, December 21, 2024

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Review your bank’s information for OBA directory

Pen and paper

The Oklahoma Bankers Association Directory of Banks is again being produced this year by NFR Communications. To best serve you, we want to include the most up-to-date and accurate information about your bank, your branches and your staff. However, we need your help. To ensure we are using the most accurate information, please follow the instructions provided in the letter …

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GSB scholarships available for 2023

Several scholarships are now available to bankers from OBA-member banks for various graduate schools of banking. Applications (other than for GSB-Colorado) should be submitted to the OBA’s Janis Reeser by email (janis@oba.com), regular mail (643 N.E. 41st St., OKC, 73105) or fax (405-424-4518). The scholarship recipients will be selected and announced no later than April 22. Click on the links …

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Reminder: Nondeductible portion of OBA dues calculated

The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2022. The source of the information used to determine this percentage included the Association’s general ledger and an estimate of the percentage of time related to applicable personnel’s involvement with lobbying activities by management of the Association. …

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Four bankers inducted into Oklahoma Bankers Hall of Fame

The Oklahoma Bankers Hall of Fame inducted its 2022 class – its fourth ever – today at the Oklahoma History Center in Oklahoma City. Dr. Sinclair Armstrong Jr., with Armstrong Bank in Muskogee; Shirley Barber, a longtime banker with Security State Bank in Cheyenne; Robert H. Croak, with FNB Community Bank in Midwest City; and the late John Massey, with …

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ABA report: Credit card market remains strong

Consumers continued to manage their credit well despite economic headwinds in the second quarter of 2022, according to the American Bankers Association’s latest Credit Card Market Monitor. The report found that credit card credit outstanding as a share of disposable income remained well below pre-pandemic levels in the second quarter while inflation-adjusted monthly credit card purchase volumes increased across risk …

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Poll: Consumers value rewards programs when choosing banks

Nearly one in four respondents said in a recent survey they would switch or have switched banks because another bank offered a cashback or rewards program, or offered a better version of a rewards program than their current bank. Rewards program platform provider Wildfire Systems commissioned a survey of more than 1,000 U.S. consumers on their attitudes toward cashback and …

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Happy Thanksgiving from the OBA staff!

Happy Thanksgiving!

Happy Thanksgiving from our staff to yours, from all our families to yours! The OBA offices will be closed starting Wednesday afternoon through Friday for the holiday. We will reopen at our regular time on Nov. 28. Have a happy Thanksgiving!

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State Banking Board approves 50% reduction in 2023 assessments

The Oklahoma State Banking Board voted unanimously at its November meeting to reduce the assessments paid by Oklahoma state-chartered banks. The 2023 assessment rate was discounted 50% for each bank with assets less than $1 billion and 25% for each bank with assets more than $1 billion. During the meeting held Nov. 16, State Banking Commissioner Mick Thompson explained how …

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Gruenberg nominated to head FDIC again

President Joe Biden announced his intent this week to nominate Martin Gruenberg to serve as chair and member of the board of directors of the Federal Deposit Insurance Corporation. Gruenberg is currently acting chairman and member of the board of directors of the FDIC. He joined the FDIC Board of Directors in August 2005 and has served as vice chairman, …

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