State Banks Remain Strong, Study Says

While an analysis by the Oklahoma Bankers Association confirms that state banks are still healthy despite the recession, local financial entities are taking steps to reassure consumers, investors and small business owners.
Oklahoma-based banks are exceptionally strong, in marked contrast to some banks in states hard-hit by the developing economic downturn, said Oklahoma Bankers Association President & CEO Roger Beverage, citing a recent study by the state’s banking industry trade group.
The analysis confirmed significant financial strength among Oklahoma’s federal- and state-chartered banking institutions, which now are weathering the economic storm.
Meanwhile, local groups are stepping up offerings of seminars:
? Arvest Bank has scheduled a free seminar directed at answering questions of small businesses owners.
? AVB Financial Services is partnering with The Hartford to bring a free seminar, “Crisis to Confidence,” to Tulsa to answer consumers questions.
? Three financial industry leaders are taking the issue of debt and saving to the streets of Tulsa during a national bus tour stop to deliver pro bono financial advice.
A capital-adequacy analysis of more than 250 Oklahoma banks was conducted by Keith Hazelton, OBA’s director of Economic Research, at year-end 2008 using FDIC data as of Sept. 30, 2008, the most recent available.
The analysis was based on the so-called “Texas Ratio,” which measures bank capital and loan loss reserves in relation to non-performing assets and is calculated by dividing the value of a bank’s non-performing assets (non-performing loans and other real estate owned) by the sum of its tangible common equity capital and loan loss reserves.
A reading below 100 means a bank’s capital and loan loss reserves exceeds its non-performing assets, and can be construed as a reliable indicator of the institution’s financial health. OBA’s study indicates virtually every Oklahoma bank remains well under the “troubled-bank” score threshold of 100.
Among Oklahoma’s banks, the asset-weighted average score as of 3Q 2008 stands at 14.1, with only a handful of institutions exceeding a score of 33.
The Texas Ratio is a measure of a bank’s credit troubles developed in the 1980s by industry analysts at RBC Capital Markets. In analyzing Texas banks during the early 1980s recession, they noted that banks tended to fail when this ratio reached 1:1, or 100%. The Texas Ratio is one of many indicators used in evaluating bank performance.
“It’s also important for Oklahoman’s to remember that no one has ever lost a dime in an FDIC-insured account,” Beverage said.
“Regardless of whether a bank’s Texas Ratio – which is only a snapshot of a bank’s performance as of a certain date – is high or low, FDIC insurance covers all deposits up to the insured limit without regard to the bank’s condition, size or geographical location,” Beverage added.
Arvest Bank Sets Seminar for Small Business Owners
Arvest Bank has scheduled a free seminar to answer the economic concerns of small business owners Feb. 18.
Speakers and topics will include:
Jackie Randle, SVP/SBA loan administrator, Arvest Bank
? How can small businesses benefit from the SBA loan programs?
? What is Arvest Bank’s process in obtaining an SBA loan?
? Will there be any changes in the SBA loan programs in the Economic Stimulus Act proposed by President Obama?
Leslie Bercher, VP, Treasury Services, Arvest Bank
? Tailor-fitted Banking to Meet Your Small Business Needs
Chuck Foster, Certified Financial Planner, Arvest Asset Management
? Investment Strategies
? Retirement Plans
? Asset Management
Kevin Lackner, SVP, Commercial Relationship manager, Arvest Bank
? Interest rates, why prime isn’t prime anymore?
? What should I bring to the application process?
The seminar will be held 11:30 a.m. to 1 p.m. at the Stokely Event Center, 10111 E. 45th Place. Lunch will be served. The seminar is free and open to the public, but participants are asked to RSVP to Casie Murray at 918-384-2752.
AVB Financial Services Hosts ‘Crisis to Confidence’ Seminar
AVB Financial Services is partnering with The Hartford to offer a free seminar, “Crisis to Confidence,” for consumers at 8:30 a.m., March 6, at Panera Bread, 71st St. and S. Garnett Road.
The seminar is designed to calm concerns of investors.
“Market volatility of this magnitude is upsetting, but you don’t have to let emotions guide your financial decisions,” said Meg Otterstrom, financial consultant with AVB Financial Services. “We are reaching out to consumers because we understand that everyone is concerned, and we would like to offer information and ideas.”
The seminar is free and open to the public but registration is required. Breakfast will be served. Email register@bankavb.com to reserve a seat. For more questions, please call 259.2792.
Organizations Taking Issues To the Streets of Tulsa
In recognition of the growing difficulties facing consumers in the economic downturn, three financial industry leaders are taking the issue of debt and saving to the streets of Tulsa during a national bus tour stop to deliver pro bono financial advice from volunteer, independent registered investment advisors.
The National Association of Personal Financial Advisors Consumer Education Foundation, TD Ameritrade Institutional and Kiplinger’s Personal Finance magazine are collaborating on the Your Money Bus Tour.
Coming to Tulsa Feb. 24, the tour will deliver the message that it is never too late to start taking steps to prepare for a secure financial future.
During the stop in Tulsa, volunteer financial advisors will be on-hand to conduct the following event from 10 a.m. to 3 p.m. at the Hardesty Regional Library, 8316 E. 93rd St.
To learn more about the events taking place in Tulsa, visit www.yourmoneybus.com.
BOK Financial Names Cowen To Head Mortgage Company
BOK Financial Corp. named industry veteran Ben Cowen as president of its mortgage company.
Cowen will be responsible for all aspects of the mortgage company, which operates in eight states throughout the southwest.
“Cowen has a solid background in mortgage lending, combining sales, operations, risk management and strategic development,” said BOK Financial Senior Executive Vice President Steve Bradshaw. “He has an impressive track record for delivering strong results and he will be charged with building a growth strategy for our mortgage company that will expand market share and increase revenue in every market we serve.”
Cowen brings 25 years of mortgage experience in multiple production channels to BOK Financial, including retail mortgage, consumer bank channel, wholesale and correspondent lending.
Cowen most recently served as the national sales leader for LendingTree. He previously was a senior vice president with Wachovia, managing national wholesale sales and branch operations where he was responsible for leading and growing 26 production branches. Prior to that, Cowen was a senior vice president with Bank of America, serving in several roles including retail growth executive for Bank of America Mortgage, regional mortgage sales executive for Texas, Oklahoma and the Midwest, and finally, divisional sales executive and national operations manager for Bank of America’s Correspondent Lending Division.
BOK Financial Executive Joins Fed Advisory Council
The Federal Reserve Board of Governors named BOK Financial Corp. Senior Vice President Paula Bryant-Ellis to its Consumer Advisory Council.
The Consumer Advisory Council advises the Federal Reserve Board of Governors directly on a wide range of consumer laws and regulations, including the Consumer Credit Protection Act, the Truth in Lending Act, and the Community Reinvestment Act. Bryant-Ellis and nine other new members will serve three-year terms, beginning in 2009.
“It’s a tremendous honor for Paula to be selected as one of the advisors to the Federal Reserve,” said Senior Executive Vice President Steve Bradshaw. “I know her exceptional leadership skills, banking expertise and passion for community development will be a guiding force as the Council advises the Board of Governors regarding consumer policy issues.”
The Council meets three times a year in Washington, D.C., with Chairman Ben Bernanke and the Federal Reserve Board of Governors. The Consumer Advisory Council is one of three councils that advise the Federal Reserve Board of Governors directly.
“I am honored to have this opportunity and responsibility at a very important time for financial services consumers and the financial services industry,” Bryant-Ellis said.
Bryant-Ellis is the manager of the Community Development Banking Group for the seven bank subsidiaries of BOK Financial. She also is president of the BOKF Community Development Fund, a community development corporation and an equity subsidiary created to focus on supporting affordable housing and other real estate development, economic development, small business expansion, and the revitalization and stabilization of low- and moderate-income areas in the communities served by BOK Financial’s seven subsidiary banks.
IBC Added to S&P 400
International Bancshares Corp. been added to the S&P 400 Index in the S&P Regional Banks Sub-Industry Index.
Standard & Poor’s Index Services, the world’s leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs.



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