State Banking Board Approves Reduction in 2019 Assessments
The State Banking Board voted this week to reduce the 2019 assessment collected from Oklahoma state-chartered banks by 10% for each bank with assets totaling less than $1 billion and by 5% for each bank with assets totaling more than $1 billion. This reduction should allow the Oklahoma Banking Department to operate at a roughly break-even position.
Pictured Above: The State Banking Board Members Seated: Wade Huckabay, All America Bank; Commissioner Mick Thompson; Bob Newcomb, Bank of Western Oklahoma; Standing: Tom Thompson, Lay Member; Brad Krieger, Arvest Bank; Sandy Bracken, First Liberty Bank; Not pictured: Dennis Brand, BancFirst
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