subscribesubscriber servicescontact usabout ussite mapBuy a Classified
Wed, Aug 20 2008 

Published: July 19, 2008 12:07 am    print this story   email this story     

Oklahoma banks are still on solid financial footing

Oklahoma bankers are correct in reassuring their customers banks in Oklahoma are on solid ground.

News about the collapse of IndyMac bank in California — and subsequent alarming comments made by some Washington lawmakers — produced a mini panic effect in some areas of the country about banks.

The situation with that investment bank was completely different from the situation with most banks in Oklahoma, and especially most of the banks in the Enid area.

Also, the home mortgage crisis contributing to this failure is much more severe on the east and west coasts than it is in Oklahoma.

While it’s always a good idea to diversify banking accounts and for large depositors to keep accounts in more than one bank, it’s also a sure bet that a bank is still the safest place to deposit money. Bank deposits are insured by Federal Deposit Insurance Corp., an independent agency of the federal government. FDIC protects against loss of deposits if an FDIC bank or savings association fails.

The other factor to consider is the Oklahoma economy is generally performing well. Also, over the past 25 years regulation and supervision of bank operations and risk management has improved dramatically.

If bank customers have questions about ways to make certain their deposits of over $100,000 are insured, we encourage them to contact their local banks.

print this story   email this story     
Click here to load this Caspio Bridge DataPage.
Click here to load this Caspio Bridge DataPage.


monster
wheels
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Premium Jobs

DRIVER/FIELD OPERATOR
Acidizing & Fracturing Job Openings in
Blackwell and Woodward at:
Great White Pressure Pumping
(for
...>MORE

A Laborer
For a manufacturing plant for day shift. Heavy labor, outside work & shift work & overtime required. Health insurance, p...>MORE

Enid Senior Care is now hiring!!
Dietary cook
And Aide Position
Available at
Enid Senior Care
Contact: Tina @ 237-1973
...>MORE

Mystery Shoppers
Earn upto $150/ day!
Undercover shoppers
needed to judge retail and
dining establishments.
Experienc
...>MORE

Winch Truck Drivers & Backhoe Operators
Apply in person
4805 E. Chestnut, Enid
...>MORE

Full Time Help Needed
Must have DL & dependable transportation. Texas Oklahoma Production Co. Ames, OK 580-603-3172, ask for Mike...>MORE

A-DON and Daytime & Evening CMA
Enid Senior Care is now hiring
for the following positions:
A-DON and
Daytime & Evening CMA
Call San
...>MORE

Experienced Seamstresses
For established manufacturing company.
Relocating to Enid. Call 580-234-5925.
...>MORE

ENID MACK SALES
Parts Pick-up & Delivery Driver/
Warehouse

We offer:
• Health insurance
• Paid vacatio
...>MORE

Drivers Needed
for new equipment. Excellent pay & benefits including health, dental, & 401. Apply in person
Hoskins Trucking, Inc
...>MORE

See all ads

More Premium Jobs!

Attention Teachers
Innovative State Pilot Education Program
seeking early childhood teacher. BA or AA
required. Apply at Turn th
...>MORE

DRIVERS: Avg. Weekly $1000-$1200.
Consistent Work with a Growing Tanker Company. Great Pay, Benefits, and Hometime!! CDL-A w/ X End., 2 yrs Exp. Req. 866-...>MORE

PETITION CIRCULATORS WANTED
Need petition circulators for pro-education petition. Must be at least 18 years of age, U.S. citizen, and resident of Ok...>MORE

Courier Route Driver
Enid to OKC 6pm to 11pm Mon-Fri. Dependable economy vehicle needed. Must be punctual & dependable & have clean MVR. To a...>MORE

New CNA/CMA - The Commons
Scheduling Opportunities Available in a Family
Friendly Facility to Fit Your Busy Life Style!

Apply in p
...>MORE

See all ads


bottombanner

 

Community Newspaper Holdings, Inc.CNHI Classified Advertising NetworkCNHI News Service
Associated Press content © 2008. All rights reserved. AP content may not be published, broadcast, rewritten or redistributed.
Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide.
Some parts of our site may require you to download the Flash Player Plugin.
View our Privacy Policy
Advertiser index