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DOJ settles another redlining case

CFPB Monitor

The Department of Justice (DOJ) announced that it has entered into a settlement with American Bank of Oklahoma (ABOK) to resolve allegations that ABOK engaged in unlawful redlining in Tulsa, Oklahoma. The DOJ opened its investigation of ABOK after receiving a referral from the FDIC.

Tulsa 88
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OCC Releases Community Reinvestment Act (CRA) Evaluations

Perficient

A compliance rating of either “Outstanding,” “Satisfactory,” “Needs to Improve,” and “Substantial Noncompliance” is awarded at the end of the on-site review. The First National Bank of Long Island. Satisfactory. Large Bank. Metropolitan Bank and Trust Company. Needs to Improve. Small Bank.

Community 294
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4 Traits of quality industry data for valuing a business

Abrigo

Appraising a house in Chicago based on sales of comparably sized houses in Tulsa, Okla., Utilizing industry data that is easily integrated, accurate, timely and relevant will make your business valuations more efficien t and provide confidence in their accuracy and compliance. Is it relevant? is unlikely to yield an accurate value.

Industry 150
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4 Traits of quality industry data for valuing a business

Abrigo

Appraising a house in Chicago based on sales of comparably sized houses in Tulsa, Okla., Utilizing industry data that is easily integrated, accurate, timely and relevant will make your business valuations more efficien t and provide confidence in their accuracy and compliance. Is it relevant? is unlikely to yield an accurate value.

Industry 150
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Entering the cannabis banking market

Independent Banker

When Oklahoma legalized the sales of cannabis for medicinal purposes in 2018, executives of $550 million-asset Blue Sky Bank in Tulsa, Okla., Our compliance program, based on elevated risk, is very robust. However, the ambiguous legal landscape complicates compliance; 47 states, the District of Columbia and four U.S.

Marketing 113