Oklahoma Banker

February 2024

• February 29, 2024

  Trade associations file suit against bank regulators

  The American Bankers Association, the U.S. Chamber of Commerce, Independent Community Bankers of America, Texas Bankers Association, Independent Bankers Association of Texas, Amarillo Chamber of Commerce and Longview Chamber of Commerce filed a lawsuit on Feb. 5 in the Northern District of Texas against the Federal Reserve, FDIC and OCC for exceeding their statutory authority and acting arbitrarily and capriciously …

January 2024

• January 24, 2024

  Executive News: Looking back on busy 52 weeks …

  As we turn the corner to 2024, it’s always good to look back at the previous year and see what was accomplished and to set a road map for the next year. It was an interesting year – like many years in this industry it was an absolute roller coaster. Along the way, we had victories, frustrations, great events and …
• January 24, 2024

  Agencies update CRA asset-size thresholds

  The Federal Reserve Board and the Federal Deposit Insurance Corporation announced in late December the 2024 updated asset-size thresholds used to define “small bank” and “intermediate small bank” under their current Community Reinvestment Act regulations. The CRA regulations establish the framework and criteria by which the relevant agencies assess a financial institution’s record of helping to meet the credit needs …

December 2023

• December 21, 2023

  Executive News: Let’s celebrate our newest Hall of Fame inductees

  On Dec. 7, the Oklahoma Bankers Hall of Fame inducted four new members. This year’s class included four outstanding bankers who have been – and still are – pillars in the banking industry, their communities and the state of Oklahoma. This group of bankers falls right in line with previous ind uctees with their storied history and contributions still being …
• 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 …