The FDIC issued an advisory to banks in late July regarding what it says are misrepresentations by some cryptocurrency companies that their products are eligible for FDIC deposit insurance coverage or that customers are FDIC-insured if the crypto company fails. “Over the past several months, some crypto companies have suspended withdrawals or halted operations. In some cases, these companies have …
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Executive News: Primaries (almost) wrap up across state
We have all survived the June 28 primaries and the last-minute onslaught of television ads as well as dreading the mail every day knowing it will be full of political pushcards. Don’t get too comfortable – We have numerous run-off elections that will be held on Tuesday, Aug. 23. While there won’t be as many races on Aug. 23, there …
Read More »Oklahoma becomes title-holding state
Effective July 1, Oklahoma became a title-holding state. The Oklahoma Tax Commission on June 7 sent the OBA the below “MEMO” with information. The OTC held several training sessions during the past month, to help bankers and others get acclimated to the changes. We have slides and videos related to these sessions, available on the front page of OBA.com. MEMO …
Read More »OCC: Banks ready for economy issues
Banks’ financial conditions are strong and they continue to be ready to “deal with the economic headwinds arising from geopolitical events, higher interest rates and increased inflation,” according to the OCC’s Semiannual Risk Perspective report for spring 2022 issued late last month. The report addresses key topics facing banks, focusing on those that pose threats to safety and soundness and …
Read More »Executive News: Legislature adjourns, to much rejoicing within OBA
Sine die: The two greatest words that anyone involved in state politics can hear. This Latin phrase is defined as “indefinitely, or without a future date set.” The Second legislative session of the 58th legislature is officially over with that phrase. It was my 22nd state legislative session and every one one of them is unique in their own special …
Read More »Oklahoma Bankers Hall of Fame taking 2022 nominations
The OBA will be taking nominations for 2022 Oklahoma Bankers Hall of Fame inductees through the middle of July. The Hall of Fame was created by the OBA Board of Directors to honor individual bankers for their contributions to the banking industry and the State of Oklahoma. In addition, the Hall of Fame is intended to recognize bankers’ achievements on …
Read More »Executive News: Federal elections begin heating up
We are less than one month away from the end of the state legislative session. Constitutionally, it has to adjourn sine die no later than 5 p.m. on the last Friday in May. My guess is the members will get out early, but how early is anyone’s guess. They still haven’t reached a budget agreement and you’ll need a minimum …
Read More »OBA Convention celebrates 1980s
The 2022 OBA Convention and Trade Show will make its return this month when it will be held on May 18-20 at the Omni Hotel in Oklahoma City. This year’s theme is centered around that decade of decadence, the 1980s, hence our convention name of “The OB80s” Attendees can expect a fun atmosphere, highlighted by the Throwback Thursday fun on …
Read More »Executive News: OBA events provide forums for candidates
The past couple of weeks, it’s finally started to feel like an election year. The negative ads are on TV and candidate rumors are swirling all around us. The legislature is running bad pieces of legislation that address problems, which only exist so members can use the vote for nothing more than campaign materials. I’m enjoying this right now, but …
Read More »OBA Convention set for mid-May
The Oklahoma Bankers Association 2022 Convention is set for May 18-20 in Oklahoma City, with the Omni Hotel as the host locale. This year’s convention will feature a 1980s theme (OB80s) as we look back on the decade punctuated by garish clothes, fun music and angst-filled movies about teenagers! Things will start in typical fashion on Wednesday, May 18, with …
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