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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.

Many of our bankers have expressed concerns over the newly passed medical marijuana laws by Oklahoma. One of those concerns has to do with the issues of an employee who has a license for medical marijuana use. The Oklahoman ran an article today discussing those issues with the State Chamber of Oklahoma. You can read the article by clicking here …

Earlier this year, the Bureau of Consumer Financial Protection fired the 19 members of the Community Banker Advisory Board created during the Richard Cordray era as required by Dodd-Frank. The Bureau then tried to re-create a smaller group in an effort to bring in more diverse views and exclude national advocacy organizations. The restructured CBAB is much smaller – seven …

Five federal financial regulatory agencies extended until Oct. 17, 2018, the comment period for a proposed rule to simplify and tailor compliance requirements for the “Volcker rule.” The Volcker rule generally restricts banking entities from engaging in proprietary trading and from owning or controlling hedge funds or private equity funds. With the extension, the Federal Reserve Board, the Commodity Futures …

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported aggregate net income of $60.2 billion in the second quarter of 2018, up $12.1 billion (25.1 percent) from a year ago. Oklahoma banks showed an increased of more than $100 million in the second quarter of 2018 compared to the same time period in 2017: from $593 …

Recently, the Oklahoma Bankers Association and Oklahoma County Sheriff’s Office joined forces for a webinar concerning elder abuse, including the financial aspects of such abuse. The webinar featured the OBA’s Elaine Dodd, and gave great insight on what banks can do to help fight scams against older Americans. Click here to access the replay of the webinar.