Weekly Update

Greetings from Guy By Guy Sims OBA Chairman The House passed a tax reform bill Thursday and the Senate version is on a fast track for a vote before Christmas. Several Senate Republican have already come out against the Senate version of the bill and there is no support from Democrats at this point.  Should the Senate pass the current …

Greetings from Guy By Guy Sims OBA Chairman Tax reform bills have now been introduced in the House and the Senate. Both bills contain language not favorable for community banks with Sub S ownership structure. In addition, the House plan contains language that would be detrimental for deferred compensation plans. These two issues will have a damaging effect on many …

Greetings from Guy By Guy Sims OBA Chairman Editor’s Note: Guy is currently on the road. In the meantime, Guy shared this photo from Las Vegas, where he is attending a conference. Back to top   Regulatory Feedback Initiative continues We need you! Did your bank undergo an exam in 2017? We are rapidly approaching the end of another year. …

Greetings from Guy By Guy Sims OBA Chairman Another interesting week in politics, both at the state and national level. At the state capitol, the Republican-led House failed to pass a budget bill on Wednesday and failed to pass a budget bill out of committee on Friday.  These two measures were the “brainchild” of Senate Republicans!  The state budget issue …

Greetings from Guy By Guy Sims OBA Chairman The past four weeks have been busy at the OBA. The Bankers’ Night Out series was held at six locations across the state, more than 70 Oklahoma bankers traveled to Washington for the annual congressional visit and several Oklahoma bankers attended the ABA convention in Chicago. This week will include GRC (Government …

Greetings from Guy Is your bank open, closed on Veterans Day? OBA hosting technology conference in November OBA education corner …

Greetings from Guy By Guy Sims OBA Chairman Editor’s note: Guy, Roger Beverage and several other OBA-affiliated bankers are currently in Chicago at the ABA Annual Convention. While on the road, Guy shared this photo of speaker Michael Hayden, former director of the National Security Agency and the CIA, during his afternoon speech on “Hot Spots at Home and Around …

Greetings from Guy By Guy Sims OBA Chairman When I travel to Washington, D.C., I’m always reminded of why I like living in Oklahoma. It’s easy to see how people lose touch with the real world while living inside the Beltway. You just don’t get a sense that many people who live and work there have a clue as to …

Greetings from Guy Working on regulatory relief Tax reform outline released Agencies issue regulatory capital simplification proposal ABA, trade groups file suit over CFPB arbitration rule OBA education corner …

Greetings from Guy By Guy Sims OBA Chairman We wrapped up our first day of meetings on our Washington visit on Monday. Seventy bankers met with the ABA, U.S. Chamber of Commerce, FDIC and Federal Reserve. As you can imagine, the Oklahoma bankers had many questions and observations to share with the regulators. I have always found this trip to …