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OBA News
The Latest
October 2021
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October 1, 2021
OBA president/CEO interviews on pair of Tulsa TV stations about IRS reporting proposal
OBA President and CEO Adrian Beverage appeared on two Tulsa TV stations this week to discuss the IRS reporting proposal and its possible negative ramifications. You can watch both video, as well as read the accompanying news stories by clicking the links below: FOX 23 – Sept. 29 KTUL – Sept. 30
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September 2021
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September 29, 2021
Nondeductible portion of OBA dues calculated
The calculation representing the nondeductible portion of member dues attributable to lobbying expenditures has been made for the OBA’s year ending April 30, 2021. The source of the information used to determine this percentage included the Association’s general ledger and an estimate of the percentage of time related to applicable personnel’s involvement with lobbying activities by management of the Association. …
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September 20, 2021
Oklahoma City banker pens op-ed in Oklahoman on IRS reporting proposal
NBC Oklahoma President and CEO H.K. Hatcher appeared as a guest columnist in The Oklahoman this weekend, opining on the proposed IRS tax reporting law. Hatcher wrote the proposal would “result in unnecessary costs to taxpayers and add an extensive amount of extra and unnecessary work for everyone involved – the IRS and our financial institutions.” You can read Hatcher’s …
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September 17, 2021
Banking profits increase in second quarter
Despite the drop in net interest revenue, 64.1% of Oklahoma banks reported more net interest income than the previous year, according to the recently released Quarterly Banking Profile by the FDIC for the second quarter. For Oklahoma banks, the average return on assets was 1.24% in the second quarter of 2020, up from 0.36% the previous quarter. The FDIC reported …
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September 16, 2021
235,000 Jobs Added in August, Unemployment Rate at 5.2%
According to the Bureau of Labor Statistics, total nonfarm payroll employment increased by 235,000 in August. In August, the total number of unemployed people fell to 8.4 million, and the unemployment rate fell to 5.2%. Professional and business services, transportation and warehousing, private education and manufacturing accounted for the majority of employment growth in August. To read this story in its …
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Jeremy Cowen, Senior Vice President/Communications
Email: jeremy@oba.com | Phone: Ext. 113
Jeremy has been in charge of the Oklahoma Banker newspaper as well as the OBA website and other member communications since joining the OBA in January 2002. A native of Hartshorne and a 1997 graduate of the University of Oklahoma, he enjoys meeting and talking with the different people he encounters while doing his job. Previously, Jeremy worked as a sports writer in Lawton and, for the four years prior to joining the OBA, Lubbock, Texas, where he decided the town wasn’t big enough for both him and Bobby Knight. When not working, Jeremy loves to hike, read, watch football, baseball and boxing and teach journalism to high school and college students. And, if you ask, there’s a good chance he will regale you with the story about being interviewed on ESPN by Chris Fowler.