We have all heard there’s winter weather coming our way on or about Tuesday next week and maybe even earlier. Why not take a few minutes now or over the weekend to consider the errands you’d normally be running mid-week. Head to the bank tonight or Saturday and beat all the craziness that will ensue Monday as everyone tenses up for bad weather. Plan ahead and don’t be caught off guard.
Things to consider:
1) Need to make a trip to the bank? If it is dangerous to travel please use online banking or contact us about setting up your mobile device for smart phone banking.
2) Run to the grocery store. Go now and beat the crowd. Your neighbors will wait until Monday night…so, get there before they do.
3) What about the animals. Murphy’s Law goes like this… you’ll run out of pet food when you are stuck and can’t get to the store!
4) Medical Needs: Same as #3: your prescription will need to be refilled when the roads are bad…so look at your medications now and see what you might need.
5) Warm? If you want to stay warm and need firewood or propane or whatever burns your furnace – line it up now..
6) Charge! Make sure and keep those cell phones charged and ready…just in case the power goes out!
Have a great weekend and stay weather aware!
ABA economists and others say that we are poised for strong growth in 2014. Based on what you are experiencing in the marketplace…is this what you anticipate as well?
Take a minute and watch this brief video which spells where growth is expected.
You can also stay updated by reviewing the ABA’s Banks and the Economy blog.
Make sure and come visit any Bank of Commerce location and let’s make 2014 a great year of working together and “build our community”!
We just wanted to take a moment to let you know how much we appreciate each and every one of you…whether a customer, employee, vendor or anyone of the great folks who has helped provide or utilized the banking and financial services we offer. We very literally could not do this without you.
The Bank of Commerce consists of roughly 60 local employees and we’ve been truly blessed to help and share our lives with so many of you during 2013. We will continue to grow and change, innovate and adjust to the market…and all with the hope of providing a great financial services palette for you, your families and businesses.
Among the many things we cherish is that we are a community bank. We live and work with our friends and neighbors. We feel this has as much to do about making loans and opening accounts as it does with the knowing and helping you personally…going to church with you…donating to your child’s t-ball team…and even helping fund a high school scoreboard. All of these things we find great joy in doing and participating.
All this to say, Thank You! Thank for a wonderful 2013 and thank you for the opportunity to invest in these great communities, providing capital for your businesses and sharing your lives with the Bank of Commerce.
The Bedlam Game is December 7th!
Regardless of who wins…we’d all agree that our communities can win by each of us supporting local food pantry needs during the Christmas season.
BOC is asking YOU (our incredible customers, friends and neighbors) and all employees to get involved in our bank wide food drive THIS WEEK. (Dec 2nd-6th).
Each of our offices will choose a local food pantry to support with the items collected and we’ll have a special place in the lobby for YOU to support your favorite Bedlam team!
Some suggestions are listed below:
- Monday- Canned meats, vegetables, or fruit
- Tuesday- Noodles or Peanut butter
- Wednesday- Pantry items
- Thursday- Soups (Chicken Noodle, etc)
- Friday- Personal Care items (Shampoo, body wash, toothpaste, or soap)
Who will get bragging rights in 2013??? OSUCowboys or OUSooners…
May the best team win!
(Thank YOU for getting in the game…)
BANK OF COMMERCE
Posted in Banking - General, Community
Tagged Bank Of Commerce, bedlam, canadian county, community bank, el reno, food drive, football, go pokes, local food pantry, Mustang, osu, ou, support, yukon
Many of us in the business community are asking the same questions as it relates to the economy since the “Government Shutdown” occurred. You may have wondered about this too.
- Will the shutdown impact the overall economic recovery?
- How will the housing market be impacted?
- When can we expect a full economic recovery?
Below we have provided the latest update from FreddieMac about the impact of the shutdown on the economic recovery, housing market and more.
Link to video
Stop by any of our locations and ask about our new text alerts whenever and wherever your debit card is used. Always be in the loop when it comes to the use of your debit card!
We visited with our friends at the Oklahoma Bankers Association recently about how the “shutdown” might impact Oklahoma Banks… The information below was shared in their current press release. We think it might answer a few questions and help shed light on the current situation.
“The government shutdown has raised a few questions about what it may mean for individual consumers. How will it impact the ability to access their money and other banking services? Is the FDIC insurance still effective and in place? Here’s what consumers need to know:
- Access to your money. Yes, you will continue to have access to your money. ATMs will continue to work and your bank will still be open during its regular business hours; (Locate BOC’s ATM’s HERE)
- Deposits are safe. Your money is safe. The Federal Deposit Insurance Corporation (FDIC) will continue to insure your deposits up to $250,000. Remember: your bank BUYS this insurance. It is not taxpayer money and, thus, is not affected by the appropriations process in Congress;
- Social Security and Medicare payments will continue. Both are funded by payroll taxes and those payments will continue during the shutdown, however long it may last;
- Most loans are still available. Fannie Mae and Freddie Mac are largely unaffected by the shutdown. Their operations are funded by fees to lenders, so most loans will continue to be available to consumers. This same scenario applies to VA loans. While the loans are available, the tax transcripts (from the IRS), which may be required by some vendors to close, are not. BUT;
- Some government-guarantee loans may be unavailable. There’s a lot of confusion out there, but the Farm Service Agency (part of the Department of Agriculture), the Federal Housing Administration and the Small Business Administration will continue to process loans, but at a reduced rate. As a result this may create a backlog and could keep banks from offering consumers these products. This does not apply to Fannie or Freddie, as noted above;
- Banks will continue to be regulated. Federal banking regulators – the Federal Reserve, the Office of the Comptroller of the Currency, the Consumer Financial Protection Bureau and the FDIC – are all open and will remain open because they are not subject to the federal budget. Banks pay for those federal banking examinations.
Oklahoma bankers will continue to work with their customers as they always have, and they will be ready to answer any questions or concerns raised by their customers about how they may be impacted by the shutdown. Most customers and bank services will not be affected by this national event.” (Source: OBA, published with permission)
**The OBA conducts more than 70 educational programs and seminars each year, which reach more than 5,000 bankers across the state. The Association represents approximately 230 banks across the state and serves as the primary advocate for the banking industry. It’s also heavily involved in fraud training and prevention as well as legal and compliance services and communications for its member banks.
Bank of Commerce is proud to serve YOU! If you ever have concerns, questions or need assistance, please do not hesitate to contact us on our BLOG.
Posted in Bank Regulatory, Banking - General, Community
Tagged Bank Of Commerce, congress, government shutdown, Home loan, local banks, oklahoma bankers association, refinance home, regulation, security
Smithsonian in EL RENO! Sponsored by Bank of Commerce
Isn’t it interesting how we can tell a lot about a person by the music they listen to each day? In fact, you can tell a lot about our country (USA) and its roots just from the musical heritage we have experienced and enjoyed!
Over the next several weeks the communities we serve will have a great opportunity to experience the history and culture of the music that has shaped our culture…our American roots.
Bank of Commerce is proud to be a sponsor of the Smithsonian traveling exhibition, “New Harmonies – Celebrating American Roots Music” which is now setting up at Redlands Community College in El Reno. We hope you will take a few hours from your busy lives and go see and hear the music that has formed our culture. Whether you enjoy sacred or secular, jazz, country or rock n roll…this exhibition will be enjoyed by all! Special thanks to the Oklahoma Humanities Council for facilitating this great experience for our state!
“The main beat of the exhibition is the ongoing cultural process that has made America the birthplace of such great music. An inspiring and toe-tapping examination of America’s mulch-culutural exchange, New Harmonies is full surprises about familiar songs and instruments while exploring the continuity of musical roots – from the flourishing of sacred music to the emergence of commercial folk and country.”
– Smithsonian Institution
Experience the exhibition:
at REDLANDS COMMUNITY COLLEGE
SEPTEMBER 27th – November 8th
If you visit, tag us on twitter @bankofcommerce and mention #newharmoniesER
Posted in Community
Tagged #newharmoniesER, Art, Bank Of Commerce, canadian county, el reno, exhibit, heritage, museum on main street, music, new harmonies, ok humanities council, redlands community college, roots, smithsonian