Oklahoma Banker

October 2018

• October 8, 2018

  Executive News: The Kavanaugh effect

  I waited a few days after my “deadline” had passed to write this month’s column. The reason for the delay is I wanted to see whethe r the U.S. Senate would confirm or reject Judge Brett Kavanaugh’s nomination to serve as a justice on the Supreme Court of the United States. The final vote occurred shortly after Texas beat OU …
• October 8, 2018

  Oklahoma Bankers Hall of Fame inaugural inductees announced

  The OBA is proud to announce the inaugural group of inductees for the Oklahoma Bankers Hall of Fame, with the ceremony set for Dec. 4 in Oklahoma City. Larry Briggs, with First National Bank of Shawnee; Ken Fergeson, with NBC Oklahoma in Altus; and Gene Rainbolt, with BancFirst in Oklahoma City, comprise the initial group to be inducted into the …

September 2018

• September 11, 2018

  Executive News: What else should we be considering?

  As I write this month’s column, OBA Chairman Sandy Werner and I are in Washington with the State Chamber for its Annual Washington Visit. The most “interesting” thing going on is we’re right in the middle of the Senate Judiciary Committee hearing to confirm Brett Kavanaugh’s nomination to the U.S. Supreme Court. I assure you, it is as chaotic and …
• September 11, 2018

  Oklahoma, nation’s banks report earnings increases

  Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation reported aggregate net income of $60.2 billion in the second quarter of 2018, up $12.1 billion (25.1 percent) from a year ago. Oklahoma banks showed an increased of more than $100 million in the second quarter of 2018 compared to the same time period in 2017: from $593 …
• September 11, 2018

  Bankers’ Night Out events set to start in September

  The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. Specifically, this fall’s stops will focus on …

August 2018

• August 9, 2018

  Executive News: Memo to Congress: Please fix marijuana problem!

  Earlier this month I met with each of the delegation’s banking legislative assistants to talk about State Question 788 and the practical, day-to-day concerns its passage has created. A broad range of concerns have been created and those concerns are bearing down on OBA-member banks and their customers. What Congress can or will do about it was the topic of …
• August 9, 2018

  Stable funds are more important than core funds

  By Donald Musso President, FinPro, Inc. The current regulatory framework for funding and liquidity has some material shortcomings. These shortcomings include: the categorization of digitally originated deposits as noncore, the concern over large balance deposits, the concern over municipal deposits and the inclusion of listing services as wholesale deposits. To better assess liquidity risk, banks should establish a matrix that …

July 2018

• July 15, 2018

  Executive News: Well – now what?

  On June 26, I was closely following the results of the primary election in a hotel room where I was attending the annual meeting of bankers associations located in the Heartland. The governor’s primary was of keen interest, of course, as were the races for attorney general and the First Congressional District, among others. And there was this other thing …
• July 15, 2018

  Sticky situation

  On June 26, Oklahoma voters approved State Question 788, which purports to “legalize” the growth, distribution and sale of marijuana for medicinal purposes. A hard-fought campaign between the proponents of the state question and the business community which, in general, opposed the measure that was adopted by a 14-point margin, 57-43 percent. “Oklahoma is now one of 30 states and …

June 2018

• June 10, 2018

  Executive News: Holy cow!

  Assuming you read my column last month, you may recall that I shared a bit of my childhood about growing up a Harry Caray and Chicago Cubs fan. In the column I noted what got me so hooked on Harry – the way he described a home run. “There’s a drive to left field; it might be outta here; it …