US Treasury Retires Paper Checks, Transitions to Digital
In a move designed to encourage safer payment transactions and saving American taxpayers more than $1 billion over the next 10 years, the U.S. Treasury officially retired paper check payments to new recipients of Social Security and other federal benefits on May 1, 2011. Current recipients of federal payments have until March 1, 2013 to make the transition to electronic payments. Anyone applying for Social Security, Veterans Affairs or other federal benefits for the first time on or after May 1 must choose an electronic payment option.
1st Quarter Office and Industrial Markets Reports Released
Northeast Oklahoma Real Estate Services, a subsidiary of the Greater Tulsa Association of Realtors, and Xceligent, Inc., a nationwide provider of property and listing information for the commercial real estate industry, has released first quarter market reports for Tulsa commercial office and industrial segments.
Business and People Notes
Tulsa Community College has appointed new executive positions at two of its campuses. Brett Campbell, Ed.D. and John Gibson, Ed.D. began serving as provosts of Southeast and Northeast Campuses.
Cloud Nine Productions Celebrates 30 Years
Tulsa-based Cloud Nine Productions, Inc. (C9) is celebrating 30 years in the production industry this year. Johnny B. Graham, founder and president of C9 Productions, is an industry veteran who has experienced much success.
Ray Hoyt Named VisitTulsa Leader
The Tulsa Metro Chamber’s president and Mike Neal announced the selection of Ray Hoyt to lead VisitTulsa, the convention and visitors program at the Tulsa Metro Chamber.
ONB Bank and Trust Co. to Help Elderly Vets
Bank and Trust Company has joined with the Senior Housing Crime Prevention Foundation (SHCPF), the American Bankers Association () and the Independent Community Bankers of America () to ensure that 40,000 Veterans living in 160 State Veteran Nursing Homes in the U.S. are able to live out their lives in safe, secure, enhanced quality-of-life environments free from the daily fear of crime, abuse, neglect, hostility and deprivation of personal freedom, as provided through the Senior Housing Crime Prevention Foundation’s Senior Crimestoppers program.
The Garden Trug Celebrates One Year
The Garden Trug has brought a unique option for spring shopping to the South Tulsa area. Opening its doors just one year ago, the shop has surprised visitors with an array of plants, beautiful decorations, useful tools and educational classes.
FOBI Discussion
Dr. Art Rasher, professor of management at the University of Tulsa, was the guest lecturer at the March 21 Family Owned Business Institute meeting at TU. His discussion was “Assessing and Enhancing Individual Power in the Family Business System.”
Waller Wednesday Held
Waller & Company Public Relations has been hosting a series of events appropriately titled Waller Wednesday. The events were created in order to celebrate friends and creativity while providing a relaxed after work mixer that will reenergize the workweek.
Business and People Notes
Arvest Bank recently promoted Kim Adams to private banking manager at its downtown branch, 502 S. Main St. in Tulsa.
Adams has served Arvest for more than 15 years starting as a part time teller, moving up through retail management, business banking and private banking. She is active in the community serving on the Board of Directors of and is a member of the Medical Group Management Association. Adams resides in Broken Arrow with her husband, Darin and two sons.
TTCU Achieves $1 Billion
The Credit Union, having recently celebrated its 75th Anniversary, has another reason to celebrate – reaching $1 billion in assets as of Feb. 28, 2011. As Oklahoma’s largest state-chartered credit union, has grown over 55 percent since 2005 when their asset size was $645 million.
April Sales Tax Collections Up 0.14 Percent; Use Tax Collections Up 27.96 Percent
Mayor Dewey Bartlett said today the City of Tulsa’s sales tax revenue for mid-February to mid-March, as reported by the Oklahoma Tax Commission, is 0.14 percent above the same period last year.
Kline Tools Opens Odessa Location
Tulsa-based Kline Tools, a leading manufacturer of downhole tools for the oilfield industry, opened a second location in Odessa, Texas.
In 1978, Kline Tools began manufacturing a variety of specialized oilfield equipment, including packers, tubing anchors, bridge plugs, tubing swivels, retrieving tools, scab liner assemblies, unloading valves and collar locators. The Tulsa facility employs 30 and will continue to manufacture Kline products, while the new location will warehouse and distribute products for customers in the Permian Basin of west Texas, a large oil- and natural gas-producing area.
Tulsa Area CPAs Selected for Trailblazers
The Oklahoma Society of Certified Public Accountants recently released the 20 names of the class of 2011 Trailblazers in a special issue of the society’s magazine, CPAFOCUS. The Trailblazers program was established to recognize the innovation, professional dedication and community commitment of the OSCPA’s “New s,” defined as a member who is under 40 or has five or fewer years of experience.
Osage Casino Receives Top Marketing Award
Osage Million Dollar Elm Casino has been awarded the prestigious Barona/VCAT Award for Excellence in Indian Gaming Marketing. The award was announced at the 13th Indian Gaming National Marketing Conference in Mirage, Calif.
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