The Stock Exchange Bank, Woodward Celebrates 115 Years
The Stock Exchange Bank of Woodward were excited celebrate there 115th
anniversary on Thursday, September 20th.
The Stock Exchange Bank recently achieved an “Outstanding” rating
from FDIC for compliance. They are one of only a few banks to ever
accomplish that feat in Oklahoma. In fact, only seven Oklahoma banks
examined by the FDIC in the last fourteen years have received an “Outstanding”
The Stock Exchange Bank is a multi-generational, family-owned,
state bank. They represent a prime example of what a local, community
bank should truly be over time in how they benefit the markets they
serve. Regional Examiner Jon Morphis said, "It was a privilege to be part of their special day."
pictured above from left to right: Regional Examiner Jonathan Morphis, President Bill Fanning, and Chairman/ CEO Bruce Benbrook.
Department Attends 2018 Cyber & Technology Risk Management Forum
written by Deron Brubaker
The Conference of State Bank
Supervisors (CSBS) recently held its 29th annual Cyber &
Technology Risk Management Forum. Nearly 90 people, including representatives
from 24 state regulators, the FDIC, and Federal Reserve, gathered in Park City,
Utah, for the event. The four day forum was attended by Oklahoma Banking
Department employees Deron Brubaker, Ken Fisher, Mike Kellum, Carter Mathews
and Ashley Wilson. Oklahoma has now sent representation for 21 straight years.
Formerly known as the CSBS
Technology Conference, this assembly of IT-related personnel from state banking
departments around the country and their federal counterparts has helped
improve the use of technology within each agency as well as promote the
collaboration on bank examination tools over the years. In the last few years
the forum has incorporated a two-track philosophy – one for IT examiners and
one for agency IT staff. There are unique breakout sessions designed for each,
allowing all attendees to get the most relevant information for their specific
Speakers from the Secret Service,
Microsoft, FDIC and Federal Reserve were among a diverse list of experts
invited by CSBS to discuss cyber issues and future plans. Topics from thwarting
phishing attacks to the potential of a standard, similar to the consumer-reassuring “FDIC Insured”, that certifies a bank’s IT resiliency and ability to
recover upon being affected by an IT incident were presented.
Over the course of the event, it was
apparent that CSBS had bolstered its IT resources while building their NMLS
system and will be playing a larger role in creating and supporting tools for
state banking departments. They are currently working on an exam report system
for non-depository institutions which might become the standard for examining
money transmitter and money order companies.
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