The Federal Deposit Insurance Corporation Board of Directors today approved a notice of proposed rulemaking, which would implement a special assessment to recover the cost associated with protecting uninsured depositors following the closures of Silicon Valley Bank and Signature Bank. The FDIC is proposing to collect the special assessment at an annual rate of approximately 12.5 basis points over eight …
May 2023
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May 8, 2023
’23 Emerging Leaders videos
Maggie Alfaro Trace Black Tanner Burton Daniel Castillo Pam Duran Brandon Fields Brian Fischer Jordan Gary Cheri Hansen Raynie Harrison Cortney Hatton Tara Holder Blayne Horn Lija Kolosha Amanda Martin Ryan Miller Riley Nicholas Alex Paredes Brian Perceful Mariela Perez Kaylee Schuelein Guy Smith Austin Swickey Emerging Leader 8
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May 8, 2023
FDIC posits ‘targeted’ coverage might be best option for deposit insurance reform
A “targeted” deposit insurance system in which additional coverage would be extended to business payment accounts would be the best option for balancing financial stability and depositor protection relative to its costs, the FDIC said earlier this week in review of the system. The review, prompted by recent bank failures, considered three options for reforming the Deposit Insurance Fund: The limited …
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May 4, 2023
Mobile website available for OBA convention attendees
Be sure to bookmark our dedicated mobile web page for convention, which includes the schedule, exhibit floor plan, sponsors and more at www.oba.com/convention. Those using iPhones can save the page on their home screen like an app by simply hitting the share button at the bottom of the screen (icon at center that looks like a square with an arrow …
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May 2, 2023
April 2023 OBA Legal Briefs
Oklahoma Settlements Involving Minors Act Minor as POD beneficiary Discrimination update: ECOA and FHA Oklahoma Settlements Involving Minors Act of 2022 By Pauli D. Loeffler The Oklahoma Statutory Thresholds for Settlements Involving Minors Act of 2022 (“Minor Settlements Act” or the “Act”) is found in Title 12 of the Oklahoma Statutes and became effective November 1, 2022. For some reason, …
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May 2, 2023
Week of May 1
In This Issue… One week until OBA Convention! FDIC posits ‘targeted’ coverage might be best option for deposit insurance reform Send in your bank family photos! OBA education corner … One week until OBA Convention! The Oklahoma Bankers Association and its member banks constitute a family … and the family is made up of many members. Nearly 200 banks and …
April 2023
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April 28, 2023
OBA, other state associations, ABA tout banking industry to Congress
The U.S. banking system remains the deepest and most resilient in the world, and the diversity of banks serving communities across the country continues to be a source of strength for the nation’s economy, the OBA, the American Bankers Association and 50 other state bankers associations said last week in a letter to congressional leaders. The groups noted that while the …
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April 26, 2023
Goodwin Lewis, P.L.L.C
Our firm is known for its tenacity, experience and successful representation in the areas of banking, real estate, mergers and acquisitions, engineering and construction, trusts and energy. We provide innovative and cost-effective counsel to financial institutions, including litigation, receiverships, commercial loan documentation and creditor-side bankruptcy representation. CONTACT INFORMATION: Contact: Kyle W. Goodwin or Billy Lewis 420 NW 6th Street, 2nd …
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April 25, 2023
Week of April 24
In This Issue… OBA Convention room cutoff deadline this week! OBA, other state associations, ABA tout banking industry to Congress Send in your bank family photos! OBA education corner … OBA Convention room cutoff deadline this week! The cutoff for reserving a room in the OBA’s room block at convention next month has been extended to Friday, April 28. The …
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April 21, 2023
2023 OBA Directory of Banks available for purchase
The 2023 OBA Directory of Banks is now ready to buy! This essential reference includes financial data, important information about all Oklahoma banks, savings and loans, savings banks and holding companies, key personnel by function and title, answers to rules and regulations, legislators, state and national agencies, courthouses, fast-find index, and much more! Each Directory is $40 per copy for OBA-member bankers, …