First Oklahoma Bank’s Post

Had an eye-opening networking session today with the incredible Jessicia Myers and Sara Butch from First Federal Bank of Kansas City! 🏦🤝 In the credit union world, we often talk about our "people helping people" philosophy. Today, I discovered that community banks, particularly First Federal Bank of KC, are driven by the same spirit! Key takeaways: - First Federal Bank is run by a board of directors, not shareholders - aligning their focus squarely on community needs. - The parallels between credit unions and community banks in prioritizing people over profits was interesting. - We found common ground not just in finance, but in our personal lives too - swapping stories about kids and sports! Jessicia and Sara, thank you for this enriching exchange. It's heartening to see that whether in credit unions or community banks, the core mission of serving people and communities remains strong. To my network: Have you experienced similar "aha moments" when networking outside your immediate industry? The insights can be game-changing! Learning the 90% - People of All Colors Succeed (POAC Succeed) #CommunityBanking #CreditUnions #NetworkingInsights #PeopleHelpingPeople Jamie Grayson

Wealth, cash, risk....building wealth and assets is definitely a goal for most, but what about protecting those assets? KeyBank Pearl River with the partnership of local attorneys and our amazing Key Private Client Banker, Pat Linekin, and Advisor Evan Galbraith. Long Term Care, Irrevocable vs Revocable Trusts, Wills....what is best for you?! Come see us at KeyBank Rockland Hudson Valley to get the conversation started! See you there! #protect your wealth #ltc #trusts #rhve #iamkey

🙌𝐂𝐞𝐥𝐞𝐛𝐫𝐚𝐭𝐢𝐧𝐠 Berkshire Bank 𝐅𝐨𝐫 𝐌𝐚𝐤𝐢𝐧𝐠 𝐚 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞! 🙌 We are thrilled to spotlight Berkshire Bank as a distinguished Leadership Bank in the Connecticut Bar Foundation’s IOLTA Program! Berkshire Bank's outstanding commitment to our community through the Interest on Lawyers' Trust Accounts (IOLTA) Program is a testament to their dedication to justice and equality. By participating as a Leadership Bank, they play a crucial role in funding civil legal aid for those who need it most. 𝐖𝐡𝐲 𝐢𝐬 𝐭𝐡𝐢𝐬 𝐬𝐨 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭? 🛡️ 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐉𝐮𝐬𝐭𝐢𝐜𝐞: The support from Leadership Banks like Berkshire Bank helps bridge the gap in access to legal services for low-income individuals and families, ensuring that everyone has a fair chance to be heard and represented. 🌟 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐢𝐧𝐠 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐢𝐞𝐬: By funding civil legal aid, Berkshire Bank aids in resolving critical issues such as housing, healthcare, and domestic violence, fostering stronger, more resilient communities. 💼 𝐏𝐫𝐨𝐦𝐨𝐭𝐢𝐧𝐠 𝐄𝐪𝐮𝐚𝐥𝐢𝐭𝐲:  Their participation underscores a commitment to social responsibility and the belief that economic status should not be a barrier to justice. Join us in celebrating Berkshire Bank's leadership and dedication to making a difference. Together, we can continue to build a fair and just Connecticut for all. #LeadershipBank #CivilLegalAid #AccessToJustice #CommunitySupport #ConnecticutBarFoundation #BerkshireBank #SocialResponsibility #EqualityForAll

On April 30th, 1791, the First Bank of the United States opened in Philadelphia, becoming the nation's first federally chartered bank. Led by Alexander Hamilton, it played a vital role in shaping the early American financial system, despite facing significant political opposition. Follow BankQuality for more such updates. #firstbank #unitedstates #alexanderhamilton #philadelphia #financialsystem #bankinghistory #federalcharter #americanhistory #earlyamerica #bankinginstitution #historicbank #economicdevelopment #foundingfathers #financialpolicy #politicalopposition

At Family Wealth, we are constantly teaching the Trustees how to manage their Legacy Trust accounts. "It is more than paperwork, it's a lifestyle." For more information about Trusts & Trustee services, go to: https://lnkd.in/gkEtQZCn #LegacyBuilding, #legacywealth, #generationalwealth, #lacktoabundance, #takebackyourwealth, #familywealthtoday

Did you know that 1 in 4 Americans don't have enough savings to cover an emergency? Don't let that be you! Check out these tips that Diana Gómez with Bank of Oklahoma shared on starting an emergency fund (article can be viewed in Spanish or English): https://ow.ly/PHpl50TfrQC #EmergencyFund #FinancialPlanning #Savings #MoneyManagement

Jamie Dimon touts #Florida connections for JPMorgan Chase & Co. — * $210M to #Tampa #economy re a 9K-SF expansion there; 6K #workers * $65M in #charitable contributions * The #namingrights deal for #soccer stadium in #FortLauderdale Overall: 14K #employees in the state, No. 3 for company after #NewYork and #Texas, which each have about twice that. Average #employee makes $87K, twice the state average [which admittedly must be weighted down some by #hospitality-heavy numbers — the shuttle drivers married to housekeepers and so on. "[O]ne-third of all Floridians do business with us through deposits, credit cards or a mortgage,” he wrote in part of his annual letter. Bloomberg #Dimon #banking #jobs #investment #sports #construction https://lnkd.in/gmwJyaWh [Gift link valid for seven days]

This is a powerful story on how access limitations to key financial services cost unbanked and underbanked individuals several hundred thousand dollars over their lifetime. This is especially true for Native American communities in Arizona and New Mexico. If you are ever in the Gallup, NM area, please stop by the local Wells Fargo branch to see firsthand how Operation Hope Financial Coach Eli Tully is helping the Navajo Nation and other local residents stabilize their finances, build wealth, and avoid high-cost banking alternatives. Operation HOPE Wells Fargo

There is a great OP-ED in the American Banker written by Clint Walters, the Chairman and CEO of The First Security Bank, Beaumont, TX. As a former credit union executive, Mr. Walters rips back the veil on the credit union industry. Their tax exempt status and government subsidy no longer supports the original mission of providing low cost services and credit to individuals of modest means. According to Mr. Walters, this subsidy merely allows them to spend lavishly on technology, buildings, executive compensation, and, even, naming rights for sports complexes. This spending comes at the cost of profitability, capital formation, and earnings that should be returned to their "members". Mr. Walters further states that credit unions routinely and intentionally exploit every loop hole the government provides to undercut community banks to weaken and acquire them.

Did you know that Lake Elmo Bank can serve as your professional trustee? Learn more from Katie Bang, CTFA, about the variety of services provided in our Trust Department.