The business of preventing money laundering, terrorist financing and other financial crimes continues to evolve for financial institutions. To stay compliant and avoid enforcement actions, financial institutions should remain aware of current Bank Secrecy Act and FinCEN requirements and carefully document ongoing due diligence. Read article  

An institution becomes subject to the Federal Deposit Insurance Corporation’s (FDIC) Annual Independent Audits and Reporting Requirements (Part 363) when its total assets, measured on the first day of a fiscal year, equal or exceed $500 million. Read article

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ALVA, OK (January 16, 2014) – Myers BancShares, Inc. (MBI) and BancCentral, National Association (BCNA) announced the execution of agreements with Southwest Bancorp, Inc. to purchase branch banks in Anthony, KS and Harper KS. BancCentral has purchased $123 million in combined holdings in the Anthony and Harper marketplaces. “We are excited to welcome these customers…

On May 1-4, CBAO will be taking a group of  members to Washington D.C. to speak with legislature on important community banking topics. CBAO will be speaking with Congressman Lucas, Dr. Coburn,  Senator Inhofe and more. If you would like to attend CBAO on this event, please email jhaken@cba-ok.org. Space is limited.

The Horizon Banker Spring Meeting will be March 7 at 4pm in Oklahoma City at Ted’s Escondido. The law firm of Crowe & Dunlevy will be presenting on “Repossessions”. Come prepared with questions and after the session enjoy networking with fellow bankers during dinner. Click Here to Register.