Oklahoma Banker

January 2023

• January 8, 2023

  Agencies release thresholds for CRA regulations

  The Federal Reserve Board and the FDIC announced in mid-December the 2023 updated asset-size thresholds used to define “small bank” and “intermediate small bank” under their Community Reinvestment Act regulations. Annual adjustments to these asset-size thresholds are based on the average change in the Consumer Price Index for Urban Wage Earners and Clerical Workers, which is a measure of inflation. …

December 2022

• December 12, 2022

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

  On Dec. 8, 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 inductees with their storied history and contributions still being made …
• December 12, 2022

  Oklahoma banks increase income for third quarter

  Net income at Oklahoma banks increased by almost 50% overall from the second quarter to the third quarter of 2022. 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 $799 million in profits through the end of the second quarter, Oklahoma commercial banks …

November 2022

• November 10, 2022

  Executive News: Elections are (well, almost) over

  Election day has finally arrived and the people have spoken. As this issue of Oklahoma Banker goes to press, however, we still don’t know the results of numerous federal elections and who will control the U.S. Senate and the U.S. House. By the time this issue hits your mailboxes, though, you might! We do have all the results of the …
• November 10, 2022

  Fed raises rates again, sixth hike since 2021

  The Federal Open Market Committee announced this month it would raise the target range for the federal funds rate to 3.75 to 4% – the sixth rate increase this year and the fourth time the the rate was raised by 75 basis points. FOMC also reiterated it believes ongoing increases will be necessary to help return inflation closer to its …
• November 10, 2022

  Oklahoma Bankers Hall of Fame fourth class set for induction

  The OBA is proud to announce the group of inductees for the Oklahoma Bankers Hall of Fame, with the ceremony set for Dec. 8 in Oklahoma City. Dr. Sinclair Armstrong Jr., chairman of the board at Armstrong Bank in Muskogee; Shirley Barber, former president and CEO of Security State Bank in Cheyenne and the first female member of the Oklahoma …
• November 10, 2022

  GOP dominates Oklahoma races

  As this issue of Oklahoma Banker goes to press, the Republican Party remained dominant in statewide Oklahoma races. Gov. Kevin Stitt retained his seat as governor, as he defeated Joy Hofmeister, while Markwayne Mullin defeated Kendra Horn for the unfilled term of Sen. Jim Inhofe’s seat. In the other U.S. Senate race, incumbent James Lankford easily defeated Madison Horn. In …

October 2022

• October 7, 2022

  Executive News: Washington Visit positive for Oklahoma banks

  It’s been almost three years, but it felt great to get the band back together. At the end of September, more than 60 Oklahoma bankers descended on Washington, D.C., for our Annual Washington Visit. It’s been two years since we last took a group to D.C. and I’ll say we definitely made up for lost time. While there were lots …
• October 7, 2022

  Survey finds customers happy with banks

  Nine in 10 Americans with a bank account (86%) say they are “very satisfied” or “satisfied” with their primary bank, and 95% rate their bank’s customer service as “excellent,” “very good” or “good,” according to a new survey conducted by Morning Consult on behalf of the American Bankers Association. The survey, unveiled early this month at the start of ABA’s …

September 2022

• September 6, 2022

  Executive News: Looking back at runoffs; legislative, regulatory info

  This is my favorite time of year. Hopefully, the temperature will start dropping, and most importantly, it’s college football season. We are one game into the season and both OU and OSU are undefeated and positioned to have great seasons. While fa ns of those schools get to enjoy victory after victory, I’ll be in the corner crying as Nebraska’s …