Oklahoma Banker

December 2023

• December 21, 2023

  Oklahoma banks post gains in third quarter

  Net income at Oklahoma banks increased by almost 50% overall from the second quarter to the third quarter of 2023. The FDIC’s latest Quarterly Banking Profile, which was released in late November, showed good news for Oklahoma banks from the second to third quarters. After reporting $975 million in profits through the end of the second quarter, Oklahoma commercial banks …
• December 21, 2023

  Latest Hall of Fame inductees honored

  By Kayden Anderson OBA Communications Intern Bankers are an influential group of people who use the valuable wisdom they learn from their predecessors to educate the next generation’s leaders. The cycle was a common theme at the 2023 Oklahoma Bankers Hall of Fame Luncheon and Induction Ceremony, where bankers Nevyle Cable, Jim Hamby, Ted McGuire and the late Harry Leonard …

November 2023

• November 24, 2023

  Executive News: Conference highlights local importance of agriculture

  I’m throwing everyone a bit of a change-up this month as I’ve elected to cede my column space to our OBA chair, Bryan Cain. Bryan attended the American Bankers Association Agricultural Bankers Conference, which was held here in Oklahoma in the early part of November. I, myself, gave some quick opening remarks on behalf of our state hosting, but then …
• November 24, 2023

  Section 1071 injunction extended to all banks

  A U.S. District Court judge on Oct. 26 broadened a partial injunction, originally issued to the Texas Bankers Association, the American Bankers Association and a Texas-based bank, to now include all banks nationwide subject to the Section 1071 Final Rule. Judge Randy Crane barred the Consumer Financial Protection Bureau from implementing and enforcing the Sec. 1071 Final Rule against all …
• November 24, 2023

  New real estate laws initiate in November

  New real estate ownership laws in Oklahoma went into effect on Nov. 1, specifically concerning alien ownership of Oklahoma real estate. Title 60 O.S. § 121 – Alien ownership of Oklahoma real estate is posted below, with the highlighted section being the part activated at the beginning of this month. No alien or any person who is not a citizen …

October 2023

• October 23, 2023

  Executive News: Annual Washington Visit went smoothly, successfully

  In late September, the OBA made its annual trek to the nation’s capital for the Annual Washington Visit. It was a record-setting trip as there were 100 individuals registered for the visit. This is a record for us and is one of the largest crowds for any state banking association ever. While there were lots of laughs, fellow ship and …
• October 23, 2023

  Inductees selected for Bankers Hall of Fame

  The 2023 induction class for the Oklahoma Bankers Hall of Fame was unveiled in September. Nevyle Cable, Jim Hamby, Harry Leonard and Ted McGuire will make up the 2023 class and officially be inducted on Dec. 7 at the Oklahoma History Center in Oklahoma City. Nevyle Cable is the longtime president and CEO of First National Bank and Trust Co., …
• October 23, 2023

  SAFER Banking Act, FinCEN provide nice news for banks

  The U.S. Senate Committee on Banking, Housing and Urban Affairs passed the SAFER Banking Act late last month, which protects financial institutions that provide banking and financial services to cannabis-related businesses. The vote marked the first time the Senate, in any form, has voted in favor of either the SAFER Banking Act, or its predecessor, the SAFE Banking Act. While …

September 2023

• September 22, 2023

  Executive News: Budget battles claim focus on Capitol Hill

  We have officially entered the best time of year. Fall will eventually bring us cooler weather, but it’s the fact college football has arrived. With the start of September, every college fan base has aspirations of a great season and hope this will be their year. Well, I wish you all the best of luck because my season has already …
• September 22, 2023

  OBA, other associations, urge delay of Sec. 107

  The Consumer Financial Protection Bureau should extend a court-ordered stay of its Section 1071 final rule to cover all FDIC-insured banks while the U.S. Supreme Court considers a separate legal challenge concerning the bureau, the OBA and 49 other state bankers associations said in a August letter to CFPB Director Rohit Chopra. A federal judge in Texas in late July …