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We are excited to announce the 2024 Compensation Trends & Employee Benefits Survey is now open for participation! The survey covers recent trends in various compensation programs such as: annual incentive plan design and payouts, equity/mid-term incentive programs, executive benefits, employment/change-in-control agreements, deferred compensation plans/supplemental executive retirement plans, perquisites and employee benefits surrounding 401K plans, medical coverage and more.  This survey will …

We have set the dates for the 2024 Contact Banker Program. Click here to find a sign-up form with the dates for this year’s program. Please select dates that work best for you and return you form to megan@oba.com. Once we have the groups finalized, we will send an email confirmation for your date. On the date you select, there will be a …

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 …

Each year, the Oklahoma Bankers Association awards a $1,000 scholarship to an incoming freshman who has a parent, grandparent, sibling or spouse who is a Professional Member of the Association. The student must enroll in an accredited Oklahoma institution of higher education. The applicant must also be graduating from an Oklahoma high school. A panel of bankers will select the …

The banking agencies have updated their uniform rules of practice and procedure to recognize the use of electronic communications in all aspects of administrative hearings and to other increase the efficiency and fairness of administrative adjudications.

Happy holidays and merry Christmas from your family here at the OBA! In observance of Christmas, our offices will be closed on Monday, Dec. 25, as well as Tuesday, Dec. 26. We will re-open at our normal time on Wednesday, Dec. 27.

The Oklahoma Bankers Hall of Fame inducted its 2023 class – its fifth – today at the Oklahoma History Center in Oklahoma City. Nevyle Cable, with First National Bank & Trust Co., Okmulgee; Jim Hamby, with Vision Bank, in Ada; the late Harry Leonard, a longtime banker and former state banking commissioner; and Ted McGuire, with RCB Bank, in Claremore; …

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network recently issued an alert to financial institutions concerning fraud schemes related to the COVID-19 Employee Retention Credit (ERC) and is urging vigilance in identifying and reporting related suspicious activity. Ongoing fraud and scams related to the ERC have been identified that, to date, have resulted in 323 investigations involving more than $2.8 …

The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2023. 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. …

The Oklahoma State Banking Board voted unanimously at its November meeting to reduce the assessments paid by Oklahoma state-chartered banks. The 2024 assessment rate was discounted 60% for each bank with assets less than $1 billion and 15% for each bank with assets more than $1 billion. During the meeting held Nov. 15, State Banking Commissioner Mick Thompson discussed increased …