First State Bank in Camargo was closed Friday by the Oklahoma State Banking Department, which appointed the Federal Deposit Insurance Corp. as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank 7 of Oklahoma City to assume all of First State Bank’s deposits. The sole branch of First [...]

The next OCA Business Forum will feature a lending expert with the U.S. Small Business Administration addressing the new 504 refinancing program that became available March 1. Participants in the free webinar, which will be at 9 a.m. April 7, will have access to the latest information on the program and be able to ask [...]

TTCU The Credit Union, which recently celebrated its 75th anniversary, has another reason to celebrate: It reached $1 billion in assets as of Feb. 28. As Oklahoma’s largest state-chartered credit union, TTCU has grown more than 55 percent since 2005, when its asset size was $645 million. TTCU has continued to grow in spite of [...]

Williams Partners LP yesterday announced unaudited third-quarter 2010 net income of $226 million, compared with Q3 2009 net income of $279 million. Net income per common limited-partner unit for Q3 2010 was 63 cents, compared with $1.04 per unit for Q3 2009. The decline in net income in the third quarter reflected higher interest expense [...]

Unit Corp. reported net income of $34.5 million or 73 cents per diluted share for the three months ended Sept. 30. For the same period in 2009, net income was $31.4 million or 66 cents per diluted share. Total revenues for the third quarter 2010 were $218.1 million (39 percent contract drilling, 44 percent oil [...]

Williams Cos. Inc. announced an unaudited net loss attributable to Williams for the third quarter of $1.26 billion or loss of $2.16 per share on a diluted basis, compared with net income of $143 million or 24 cents per share on a diluted basis for Q3 2009. The net loss for Q3 2010 was primarily [...]

Intellectual property laws encourage entrepreneurs to share ideas and, in return, award certain rights that can be leveraged strategically. Everyone, from startups to transnational conglomerates, can compete more effectively in the marketplace by leveraging intellectual capital to achieve goals, whether for profit or not for profit. New ventures are in a unique position to benefit [...]

Tulsa-based SemGroup Corp. announced yesterday that shares of its Class A common stock are expected to begin trading on the New York Stock Exchange tomorrow under the symbol SEMG. The listing completes the registration process with the Securities & Exchange Commission commenced by SemGroup earlier this year. “It has been our goal to be listed [...]

Mayor Dewey Bartlett Jr. yesterday said the City of Tulsa’s sales tax collections for mid-September to mid-October, as reported by the Oklahoma Tax Commission, are above last year’s totals for the same period and above the budget estimates for the month. Bartlett said the gain is partially attributed to an increased effort to collect overdue [...]

The University of Tulsa has announced the naming of the Chevron Center for Education & Research, made possible by a $1 million commitment that stems from the success of TU’s partnership with Chevron Corp., one of the nation’s leading energy companies. The donation, made through Chevron’s University Partnership Program and announced during halftime at Saturday’s [...]