Oklahoma Banker

December 2018

• 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 …

November 2018

• November 8, 2018

  Executive News: Well, now what?

  As this issue of the Oklahoma Banker goes to press, the November elections are over. Sort of. But I still want to see some key numbers and results that will help me have a better understanding of the lay of the (new) political landscape. At the state level, we know most of our key new players – almost all of …
• November 8, 2018

  Oklahoma Bankers Hall of Fame inaugural class set for induction

  The Oklahoma Bankers Hall of Fame will induct 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 will make up the inaugural class. If you are interested in attending the event, please RSVP by Nov. 21 to the OBA’s Nancy McKinnis …
• November 8, 2018

  Fed needing comments on real-time payments

  The Federal Reserve Board of Governors published a notice on Oct. 3 asking for comment on actions the Fed could take to facilitate real-time interbank settlement of faster payments. The goal, according to the notice filed, is to “achieve ubiquitous, nationwide access to safe and efficient faster payments.” “Technology has changed everything,” said Esther George, president of the Federal Reserve …

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 …