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Recently, the FDIC released its third quarter report showing FDIC-insured institutions reported aggregate net income in the amount of $62 billion, up $14 billion, or 29.3 percent, over last year at this point in the year. According to the agency, this increase in earnings came as a result of higher net operating revenue plus a lower effective tax rate. According …

Arvest Bank’s scholarship program to help single parents attend college was featured in NewsOK recently. The program, Oklahoma Single Parent Scholarship Program, has already awarded 23 scholarships to single parents in central Oklahoma. You can read the full Q&A on NewsOK with Teresa Moore, integrated account servicing director at Arvest Bank, by clicking here.

Ninety-three percent of Americans rated their bank’s online and mobile app experience as “excellent,” “very good,” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey also found that seven in 10 Americans (70 percent) use a mobile device to manage their bank account at least once per month, and …

The Oklahoma Bankers Hall of Fame will induct its first-ever class on Dec. 4 at the Oklahoma History Center in Oklahoma City. Shawnee banker Larry Briggs, Altus banker Ken Fergeson and Oklahoma City banker Gene Rainbolt will make up the inaugural class. If you are interested in attending the event, please RSVP by Nov. 21 to the OBA’s Nancy McKinnis …

Once again, we’re reminding bankers at every level to respond to the federal banking agencies’ Advanced Notice of Proposed Rulemaking on the proposed suggestions for changing the rules around the Community Reinvestment Act. Tell Your Story. Pick one or two of the 31 questions contained in the ANPR request and tell the regulators about your experiences and what the response of the regulators …

The Federal Reserve Bank of Kansas City recently released the results from the Second Quarter 2018 national Small Business Lending Survey. 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. Key findings include: Outstanding commercial and industrial (C&I) loan balances grew for …

Want to get to know other young banking and finance professionals in your area? Grab a seat with us Nov. 1 and enjoy drinks and networking hosted by the OBA Emerging Leaders in partnership with the OSCPA’s Young Accounting Professionals Committee. These Mix & Mingles are 5-7 p.m., come and go. The November Mix & Mingle will provide a unique …

OBA President and CEO Roger Beverage, along with Oklahoma State Commissioner Mick Thompson, testified on Oct. 10 before the Medical Marijuana Working Group, made up of state lawmakers in the both the House and Senate. Beverage and Thompson discussed the difficulties facing Oklahoma banks in dealing with the burgeoning medical marijuana industry in the state. You can read the NewsOK …

The OBA Technology seminar, scheduled for Oct. 25, has been canceled. Full refunds will be given to those who have already registered. We apologize for any inconvenience. Contact the OBA education department if you need more information.

The iPhone app for the 2018 OBA Washington Visit is now available for download. You can download the OBA app, which provides location and times and other information for the event, by clicking here (for iTunes) or here (for Google Play). If you have any questions, please contact Jeremy Cowen at the OBA.