Small business lending rises
Financial institutions in Oklahoma that receive capital from the federally funded Small Business Lending Fund have increased their small-business lending by more than $407 over their baselines, according to a U.S. Department of Treasury report. Small Business Lending Fund participants have increased their lending to small businesses for six consecutive quarters, according to a report released Tuesday. Nationally, Small Business Lending Fund participants have boosted lending by $7.4 billion overall, and $740 million over the previous quarter. The SBLF was established by the Small Business Jobs Act that President Barack Obama signed into law in 2010. The program encourages lending to small businesses by providing capital to community banks and community development loan funds. The Treasury has invested more than $4 billion into the fund.
Forbes ranks BOK Financial No. 22
Bank of Oklahoma's parent company, BOK Financial, was recently ranked No. 22 on Forbes' annual list of America's Best Banks, jumping from the No. 35 spot the previous year. The rankings are based on return on average equity, net interest margin, percentage of nonperforming loans and nonperforming assets, reserves as a percentage of nonperforming loans, Tier 1 and risk-based capital ratios and leverage ratio. BOK was ranked against 100 of the nation's largest publicly traded banks and thrifts.