Oklahoma Banker

February 2018

• February 16, 2018

  Executive News: Enough with excuses – it’s time to move!

  Sen. Mitch McConnell is the Senate majority leader. He alone controls the agenda for the U.S. Senate. He alone is the “speed bump” between actually moving forward with consideration of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, or continuing to let it languish until there is no more time left on the Senate calendar for action. …
• February 15, 2018

  Health care improvement plan in works?

  What do Warren Buffett, Jeff Bezos and Jamie Dimon have in common, other that being brilliant, worth billions and highly successful in each of their respective professional roles? As this issue of the Oklahoma Banker goes to press, it has been announced that the companies these three men represent (Berkshire-Hathaway, Amazon and JPMorgan Chase respectively) are joining together to start …
• February 15, 2018

  ICBA, ABA join to urge swift action on regulatory bill

  On Jan. 29, the Independent Community Bankers of America and the American Bankers Association signed a joint letter asking the two Senate leaders – Sens. Mitch McConnell (R-Ky.) and Chuck Schumer (D-N.Y.), the majority and minority Senate leaders respectively – to put S. 2155 (the Economic Growth, Regulatory Relief and Consumer Protection Act) on the Senate’s agenda soon. The ICBA …

January 2018

• January 1, 2018

  Tax reform bill passed, signed by president

  On Friday, Dec. 22, 2017, President Trump signed into law H.R. 1, which became Public Law No: 115-97. “The process was a bit confusing, to say the least,” OBA President and CEO Roger Beverage said. “The bill had to be structured in such a way that it would fit into the ‘reconciliation’ process in the Senate and still be acceptable …
• January 1, 2018

  Tomorrow’s leaders … today

  By Jeremy Cowen Vice President/Communications    Bankers know a lot about investing. Therefore, it should be of little surprise Oklahoma bankers continue to invest in the future of their own industry. The Oklahoma Bankers Association’s popular Summer Intern Program will again be active in 2018 and is expecting a number of prospective interns from the University of Oklahoma and Oklahoma State …

December 2017

• December 1, 2017

  Banking Committee approves reg relief bill

  On Dec. 5, after enduring a seven-hour process of rejecting some 37 amendments proposed by Democrat members of the Senate Banking Committee, the Committee voted to advance S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, to the full Senate for consideration. It was a strong bipartisan vote: 16-7, including four of the 11 Democrats on the Committee. …
• December 1, 2017

  Answering questions about OBA membership

  By Megan McGuire OBA Member Relations A commonly asked question at the OBA is: Am I a member? Every employee of an OBA member bank is a member of the OBA. Furthermore, every employee of an OBA strategic member is a strategic member of the OBA. The Oklahoma Bankers Association would like for all its members to make the most …

November 2017

• November 1, 2017

  Republican House leaders draft tax reform legislation

  On Nov. 2, House Republican leaders released a draft of tax reform legislation – the Tax Cuts and Jobs Act – that makes numerous changes to the tax code for corporations and individual taxpayers. The more than 400-page bill also includes a number of provisions that will have a direct and indirect effect on the banking industry. Among the key …

October 2017

• October 2, 2017

  Consumer delinquencies show improvement over second quarter of 2017

  Delinquencies in closed-end loans held steady in the second quarter as bank card delinquencies fell and home-related categories continued their return to normal levels, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin, which were released early this month. Overall, delinquencies fell in eight of the 11 individual consumer loan categories tracked by ABA. The composite ratio, …

September 2017

• September 1, 2017

  Oklahoma banks on pace for record profits

  Through the first two quarters of the year, Oklahoma banks earned $720 million at the end of June 2017. Earnings to date are well ahead of bank earnings at this same point in 2016 and are $32 million ahead of the previous record year (2015).  Total assets have grown to $114 billion (roughly $11 billion ahead of last year) while …