Several scholarships are now available to bankers from OBA-member banks for various graduate schools of banking. Applications (other than for GSB-Colorado) should be submitted to the OBA’s Janis Reeser by email (janis@oba.com), regular mail (643 N.E. 41st St., OKC, 73105) or fax (405-424-4518). The scholarship recipients will be selected and announced no later than April 22. Click on the links …
January 2023
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January 3, 2023
Week of Jan. 2
In This Issue… Treasury issues guidance on stock repurchase excise tax Happy New Year’s! OBA education corner … Treasury issues guidance on stock repurchase excise tax The Treasury Department last week issued initial guidance regarding a new annual excise tax that applies to repurchases of a publicly traded corporation’s stock that takes place after Dec. 31, 2022. The tax was …
December 2022
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December 28, 2022
December 2022 OBA Legal Briefs
Insider Abuses Insider Abuses By Andy Zavoina Bert Lance. Many, or most of you will not know that name, but all of you know Regulation O. Briefly, this reg was implemented to prevent bank directors, executive officers, and principal shareholders from benefiting from favorable credit terms and treatment in a bank. This group we refer to as “insiders” is not …
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December 27, 2022
Week of Dec. 26
In This Issue… CFPB announces threshold adjustments for Truth in Lending Act Happy New Year’s! OBA education corner … CFPB announces annual threshold adjustments for Truth in Lending Act The Consumer Financial Protection Bureau last week announced the 2023 dollar amounts for the annual threshold adjustments for Regulation Z, which implements the Truth in Lending Act. For open-end consumer credit …
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December 27, 2022
Reminder: Nondeductible portion of OBA dues calculated
The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2022. 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. …
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December 23, 2022
Happy holidays, merry Christmas!
Happy holidays and merry Christmas from your family here at the OBA! In observance of Christmas, our offices will be closed on Monday, Dec. 26. We will re-open at our normal time on Tuesday, Dec. 27.
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December 20, 2022
Phillips Murrah PC.
Philllips Murrah P.C. is an award-winning, full-service business law firm with more than 75 attorneys in Oklahoma City, Norman, and Dallas. For 30 years, we have successfully represented the interests of a diverse clientele – including the FDIC – with an emphasis on Oklahoma and regional banks and financial institutions. CONTACT INFORMATION: Contact: J. Mark Lovelace, Mel McVay & Donald …
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December 20, 2022
Week of Dec. 19
In This Issue… Happy holidays from us! Agencies release asset-size thresholds for CRA regulations Governor’s inaugural ball seeking sponsorships 2023 holiday closing signs available from OBA OBA education corner … Happy holidays from us! Happy holidays and merry Christmas from your family here at the OBA! In observance of Christmas, our offices will be closed on Monday, Dec. 26. We …
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December 13, 2022
Week of Dec. 12
In This Issue… Four bankers inducted into Oklahoma Bankers Hall of Fame OCC discusses key risks facing federal banking system OBA Intern Program ready for 2023 OBA welcomes trio of new strategic members OBA education corner … Four bankers inducted into Oklahoma Bankers Hall of Fame The Oklahoma Bankers Hall of Fame inducted its 2022 class – its fourth ever …
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December 12, 2022
Cornerstone Advisors
For more than 20 years, Cornerstone Advisors has delivered gritty insights, bold strategies and data-driven solutions to build smarter banks. From technology system selection and implementation, to contract negotiations, performance improvement programs, strategic planning, merger integration, and advisory services, Cornerstone combines its expertise with proprietary data to help financial institutions thrive in today’s challenging environment. For more information, visit us …