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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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BOK scrambles to stem losses from shuttered tribal casinos

American Banker

Two years ago, the Tulsa, Okla., bank expanded its Native American casino lending business nationwide. It seemed like a great plan until the coronavirus pandemic struck.

Tulsa 72
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Impact Roadshow | Tulsa, OK

Filene

QCash - An omni-channel lending solution that offers relationship based underwriting (without credit check) to members in search for small, short-term unsecured loans. Innovation Immersion - Filene’s Innovation Immersion program helps credit unions execute on innovation, ideas, and cultural change.

Tulsa 28
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Popular, Inc. invests in minority owned bank, Greenwood

PopularBank

Based in Atlanta, Greenwood takes its name from Tulsa, Oklahoma’s Greenwood District. Together, the companies plan to build a networking platform that will support community lending, entrepreneurship, and wealth building. Since March 2021, Popular, Inc. A mission-driven minority owned bank. Popular, Inc.

Tulsa 52
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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., While more and more community banks are undertaking depository relationships with CRBs, banks have been much more hesitant to enter lending relationships. By Judith Sears. in Longview, Wash.

Marketing 113