On Friday, Sept. 27, federal banking agencies issued a final rule that raises the appraisal threshold for residential real estate transactions to $400,000. The threshold has been at $250,000. The new threshold addresses numerous concerns raised industry stakeholders over the time and cost of appraisals. Under the rule, transactions that qualify for the exemption still need to obtain an evaluation …
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Check out photos from the 2019 Annual Washington Visit!
Check out the 2019 Annual Washington Visit highlights below with several photos from the event! This year’s event was Sept. 15 through Sept. 17, during which bankers from across the state met with the Oklahoma delegation as well as all the regulatory agencies. Additionally, bankers gathered to watch college football and went on an offsite excursion to Mount Vernon.
Read More »Kansas City Fed announces results of second quarter small business lending survey
The Federal Reserve Bank of Kansas City released the results from the Second Quarter 2019 national Small Business Lending Survey this week. The quarterly survey of U.S. banks provides data on lending activity and terms for small businesses, a critical source of employment and economic growth for the country. Complete results of the survey are now available from the Kansas …
Read More »CFPB to Make ABA-Advocated Changes to Complaint Database
The Consumer Financial Protection Bureau will continue to publish a database of consumer complaints, but it will make several key changes to increase transparency and provide full context for consumers, the agency announced on Sept. 18. Among these changes are several advocated by the American Bankers Association. For example, the bureau said it will highlight consumers’ ability to contact their …
Read More »Joining OBA’s Annual Washington Visit? Make sure to download our app!
The 2019 OBA Annual Washington Visit is next week, and if you’re planning on joining in, make sure to download the OBA app before you go. All of the 2019 Annual OBA Washington Visit material are available on the OBA app (issue papers, , schedule, etc.) You can download the OBA app by clicking here (for iTunes) or here (for Google Play).
Read More »Second quarter industry numbers released by FDIC
For the 5,303 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation, aggregate net income totaled $62.6 billion in second quarter 2019, an increase of $2.5 billion (4.1 percent) from a year earlier. The improvement in net income is attributable to a $4.9 billion (3.7 percent) increase in net interest income. Financial results for second quarter 2019 …
Read More »ABA report examines banks’ use of social media
More than eight in 10 banks (84 percent) believe social media is important to their institution and 87 percent are very or somewhat active on their social media accounts, according to a new report released today by the American Bankers Association. The State of Social Media in Banking 2019 highlights the results of an ABA survey of 430 banks of …
Read More »2019 OBA Salary Survey available for order
Get an idea of what the average salaries are for comparable banks and institutions in Oklahoma. This survey focuses on gathering salary and cash compensation (salary plus annual cash incentive/bonus) data for approximately 20 executive positions and over 100 middle management and staff level positions. In addition, the survey provides information on actual bonuses paid (as a percent of salary) …
Read More »OBA updates Economic Impact Brochure
The OBA communications department recently updated its “Economic Impact Brochure” that breaks out how much Oklahoma-chartered banks mean to the economy of the state. The brochure, created by the OBA communications department in 2013, was one of the first of its kind by a state or national bankers association, and has been used in OBA visits with government officials and …
Read More »OBA Bankers’ Night Out programs ready for fall
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. In addition to state and federal legislative …
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