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DOJ settles another redlining case

CFPB Monitor

The Department of Justice (DOJ) announced that it has entered into a settlement with American Bank of Oklahoma (ABOK) to resolve allegations that ABOK engaged in unlawful redlining in Tulsa, Oklahoma. The DOJ opened its investigation of ABOK after receiving a referral from the FDIC.

Tulsa 88
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Entering the cannabis banking market

Independent Banker

When Oklahoma legalized the sales of cannabis for medicinal purposes in 2018, executives of $550 million-asset Blue Sky Bank in Tulsa, Okla., Cogent Bank designates specific cannabis subject matter experts in each market it serves and channels prospects to these relationship managers for optimal service. By Judith Sears.

Marketing 113