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The Office of the Comptroller of the Currency (OCC) has released 15 Community Reinvestment Act (CRA) performance evaluations. Reviews, which can take weeks, assess an institution’s performance in helping to meet the credit needs of communities, including those of low or moderate income within its assessment area. Large Bank.
Tulsa, Okla.-based based commercial and retail community bank Vast Bank is offering crypto banking as a service to banks looking to offer crypto services without implementing their own technology. Vast rolled out its crypto banking service in its new app in late August.
Visit the website of $785 million Vast Bank and you can't miss it: The primarily commercial bank with a retail community presence based in Tulsa, Okla. now offers a cryptocurrency trading service called Crypto Banking in its mobile app.
For the second year, ICBA recognizes the exceptional work of the individual employees of community banks with its. Community Banker of the Year award program. The association accepted nominations online during the month of September, allowing anyone to recommend a community banker for consideration. Tulsa, Okla.
However, the institution strenuously objected to references to the Tulsa Race Massacre in the agreement and asked that the language be stricken. American Bank of Oklahoma agreed to a consent order in August to settle allegations from the Department of Justice over redlining.
While the legal status of banking cannabis-related businesses remains fuzzy at the federal level, community banks in some states are finding that, with proper controls, they’re able to enter this niche market and offer banking services to these local businesses. It’s a strategy that an increasing number of community banks are embracing.
Marginalized communities often struggle to enter the banking mainstream – due to a lack of trust or a lack of inclusive financial products – making access to a minority owned bank an important factor in building a brighter financial future. Based in Atlanta, Greenwood takes its name from Tulsa, Oklahoma’s Greenwood District.
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