Oklahoma Bankers Association We make bankers better!
IOLTA accounts SCRA – What not to do Privacy – Reg. P update Notes on beneficial ownership IOLTA accounts By Pauli Loeffler Since July 1, 2004, the Oklahoma Supreme Court has required all attorneys and law firms in Oklahoma to set up mandatory Interest on Lawyers’ Trust Accounts (IOLTAs) with interest payable to the Oklahoma Bar Foundation, with a few …
December 2018
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December 18, 2018
Week of Dec. 17
In This Issue… • Reminder about Gov.-Elect Stitt’s plans for inaugural festivities • FSOC to meet Wednesday, discuss CECL implementation • FDIC: CECL is no walk in the park • OBA education corner …
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December 17, 2018
Executive News: Merry Christmas
Each December I intentionally offend the “politically correct” crowd with this headline in my monthly column. If any one feels that way, my suggestion is simple: Get over it. We call it “Christmas” for a reason, Bucko, and it’s not because we’re celebrating “go-out-and-buy-as-much-stuff-as-you-can-and-give-it-to-family-and-friends” day. We’re celebrating the birth of our Lord and Savior, Jesus Christ. He is, after all, …
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December 17, 2018
Hall Headliners
The Oklahoma Bankers Hall of Fame inducted 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 made up the inaugural group. The ceremony was hosted by the Oklahoma Bankers Association’s immediate past chairman, Guy Sims, who is also president/CEO/chairman of Shamrock …
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December 17, 2018
Banking industry continues success over third quarter
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 …
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December 17, 2018
Oklahoma banking industry continues record earnings pace in third quarter
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 …
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December 17, 2018
Oklahoma Economist publication: positive outlook for state in 2019
The Oklahoma City Branch of the Federal Reserve of Kansas City has released its latest issue of the quarterly publication the Oklahoma Economist. Oklahoma’s economy continued to expand in 2018 with employment increasing solidly and the unemployment rate below the national average with wages rising, according to Chad Wilkerson, branch executive, vice president and economist at the Oklahoma City Branch …
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December 13, 2018
Nondeductible portion of OBA dues calculated
The nondeductible portion of OBA dues have been calculated for our members, for the fiscal year ending April 30, 2018. The nondeductible portion is 17.78 percent. If you have any questions, please contact Lea Ann Jackson at the OBA.
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December 11, 2018
Week of Dec. 10
In This Issue… • Federal Reserve needing comments on new payment system • Gov.-Elect Stitt: information on inaugural ball, banker involvement • Economic, social costs of legalized marijuana • Free webinar upcoming on how donations can support rural schools • OBA education corner …
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December 6, 2018
We’d like to thank our 2018 Oklahoma Bankers Hall of Fame Sponsors
We’d like to take an opportunity to recognize the sponsors from the 2018 Oklahoma Bankers Hall of Fame induction ceremony. Ruby Sponsor BancFirst Sapphire Sponsor First National Bank & Trust Co., Shawnee Sapphire Sponsor The University of Oklahoma Foundation Emerald Sponsor Sonic Emerald Sponsor FHLBank Topeka