Oklahoma Banker

May 2022

• May 27, 2022

  Executive News: Federal elections begin heating up

  We are less than one month away from the end of the state legislative session. Constitutionally, it has to adjourn sine die no later than 5 p.m. on the last Friday in May. My guess is the members will get out early, but how early is anyone’s guess. They still haven’t reached a budget agreement and you’ll need a minimum …
• May 27, 2022

  OBA Convention celebrates 1980s

  The 2022 OBA Convention and Trade Show will make its return this month when it will be held on May 18-20 at the Omni Hotel in Oklahoma City. This year’s theme is centered around that decade of decadence, the 1980s, hence our convention name of “The OB80s” Attendees can expect a fun atmosphere, highlighted by the Throwback Thursday fun on …

April 2022

• April 25, 2022

  Executive News: OBA events provide forums for candidates

  The past couple of weeks, it’s finally started to feel like an election year. The negative ads are on TV and candidate rumors are swirling all around us. The legislature is running bad pieces of legislation that address problems, which only exist so members can use the vote for nothing more than campaign materials. I’m enjoying this right now, but …
• April 25, 2022

  OBA Convention set for mid-May

  The Oklahoma Bankers Association 2022 Convention is set for May 18-20 in Oklahoma City, with the Omni Hotel as the host locale. This year’s convention will feature a 1980s theme (OB80s) as we look back on the decade punctuated by garish clothes, fun music and angst-filled movies about teenagers! Things will start in typical fashion on Wednesday, May 18, with …

March 2022

• March 22, 2022

  Executive News: Inhofe’s retirement opens up intrigue

  On Friday, Feb. 25, U.S. Sen. Jim Inhofe submitted the proper paperwork to the Oklahoma Secretary of State to show he will be retiring from the U.S. Senate on Jan. 3, 2023. Sen. Inhofe started his political career in 1978 when he was elected the mayor of Tulsa. Inhofe spent 6 years as mayor, he was then elected in 1987 …
• March 22, 2022

  ABA provides banking-related updates on Ukraine crisis

  The American Bankers Association has created a new webpage on aba.com where bankers can find announcements, alerts and guidance affecting the banking sector as a result of Russia’s invasion of Ukraine. The page includes updates on potential cyber threats, sanctions announcement from the federal government and other important news from the White House and various government agencies. Amid growing concerns …
• March 22, 2022

  Oklahoma banks make gains in fourth quarter

  Oklahoma’s commercial banks saw a marked increase in net income earnings in the fourth quarter from both the previous quarter as well as the fourth-quarter mark from last year. The FDIC’s Quarterly Banking Profile was released earlier this month and showed good news for both the state’s banks and the nation’s. Oklahoma banks saw their net income increase from $1.5 …

February 2022

• February 17, 2022

  Executive News: Looking ahead to legislative session

  We all knew Washington was going to slow down once we were a year out from the 2022 elections. With a 50/50 split in the Senate, and the Democrats holding onto a razor-thin margin in the House, nobody wants to give anyone a victory or perceived victory this close to the elections. While some would argue it’s a good thing …
• February 17, 2022

  FDIC announces 2022 priorities

  Federal Deposit Insurance Corporation Acting Chairman Martin J. Gruenberg released earlier this month the following statement and summary of the FDIC’s priorities for the coming year: “The FDIC’s core mission is to maintain stability and public confidence in the U.S. financial system. The FDIC carries out this mission through its responsibilities for deposit insurance, banking supervision and the orderly resolution …
• February 17, 2022

  PPP borrowers may request review of partly forgiven loans

  The Small Business Administration announced early this month it will allow Paycheck Protection Program borrowers to request a loan review by SBA when the lender determines that the borrower is entitled to only partial forgiveness of the PPP loan. Under a procedural notice issued by SBA, when a lender receives a forgiveness remittance from SBA on a loan where only …