Regulatory Alerts2020-02-12
Added · Updated
State Banking Board Approves Reduction to 2020 Assessments
The Oklahoma State Banking Board approved a discount on 2020 regulatory assessments for state-chartered banks to advance Governor Kevin Stitt’s fiscal responsibility initiatives. The reduction applies a 20 percent discount to institutions with assets under one billion dollars and a 10 percent discount to those exceeding that threshold. This measure builds upon previous cuts that have collectively saved state-chartered banks over $14 million in the past nine years while allowing the agency to maintain efficient operations.
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