Oklahoma Bankers Association We make bankers better!
Election day has finally arrived and the people have spoken. As this issue of Oklahoma Banker goes to press, however, we still don’t know the results of numerous federal elections and who will control the U.S. Senate and the U.S. House. By the time this issue hits your mailboxes, though, you might! We do have all the results of the …
November 2022
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November 10, 2022
Fed raises rates again, sixth hike since 2021
The Federal Open Market Committee announced this month it would raise the target range for the federal funds rate to 3.75 to 4% – the sixth rate increase this year and the fourth time the the rate was raised by 75 basis points. FOMC also reiterated it believes ongoing increases will be necessary to help return inflation closer to its …
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November 10, 2022
Oklahoma Bankers Hall of Fame fourth class set for induction
The OBA is proud to announce the group of inductees for the Oklahoma Bankers Hall of Fame, with the ceremony set for Dec. 8 in Oklahoma City. Dr. Sinclair Armstrong Jr., chairman of the board at Armstrong Bank in Muskogee; Shirley Barber, former president and CEO of Security State Bank in Cheyenne and the first female member of the Oklahoma …
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November 10, 2022
GOP dominates Oklahoma races
As this issue of Oklahoma Banker goes to press, the Republican Party remained dominant in statewide Oklahoma races. Gov. Kevin Stitt retained his seat as governor, as he defeated Joy Hofmeister, while Markwayne Mullin defeated Kendra Horn for the unfilled term of Sen. Jim Inhofe’s seat. In the other U.S. Senate race, incumbent James Lankford easily defeated Madison Horn. In …
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November 8, 2022
Week of Nov. 7
In This Issue… Ag lender survey: Interest rate volatility is top concern in 2023 OBA Golf Tournament rescheduled for Nov. 14, registration back open! OBA holiday signs ready for purchase; welcome new strategic members OBA education corner … Ag lender survey: Interest rate volatility is top concern in 2023 The top concern facing agricultural lenders going into 2023 is interest …
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November 3, 2022
Fed raises rates another 75 basis points
The Federal Open Market Committee today announced it would raise the target range for the federal funds rate to 3.75 to 4% – the sixth rate increase this year and the fourth time the Fed has raised the rate by 75 basis points. FOMC also reiterated that it believes ongoing increases will be necessary to help return inflation closer to …
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November 1, 2022
Strategic Resource Management (SRM)
SRM (Strategic Resource Management) has helped 1,000+ financial institutions add more than $5 billion of value to their bottom line in areas such as payments, digital transformation, core processing, digital assets, and overall operating efficiency. SRM has lowered costs, created revenue opportunities, increased productivity, and provided a competitive edge for clients in an environment of constant and accelerating change. Visit …
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November 1, 2022
Week of Nov. 1
In This Issue… Oklahoma Bankers Hall of Fame unveils 2022 inductees Bank commercials with college athletes? Why not! OBA education corner … Oklahoma Bankers Hall of Fame unveils 2022 inductees The OBA is proud to announce the group of inductees for the Oklahoma Bankers Hall of Fame, with the ceremony set for Dec. 8 in Oklahoma City. Dr. Sinclair Armstrong …
October 2022
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October 25, 2022
Energy activity grows, albeit slower, in Fed’s Tenth District
The Federal Reserve Bank of Kansas City released the third quarter Energy Survey last week, which revealed Tenth District energy activity grew solidly, while expectations for future activity eased somewhat. “Despite the pace of growth slowing slightly, District drilling and business activity remained solid in Q3,” said Chad Wilkerson, Oklahoma City Branch executive and economist. “Firms reported lower growth in …
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October 25, 2022
Week of Oct. 24
In This Issue… OBA Golf Tournament reschduled for Nov. 14; registration re-opened! Agencies announce threshold for smaller-loan exemption CFPB issues guidance to address junk data in credit reports OBA education corner … OBA Golf Tournament rescheduled for Nov. 14; registration re-opened! Due to adverse weather conditions, the OBA Oktoberfest Golf Tournament (previously set for Monday, Oct. 24) has been rescheduled …