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Oklahoma regulators
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- 1FDIC declares Old Glory Bank severely undercapitalized▼Old Glory Bank is 'severely undercapitalized,' FDIC says The bank has struggled to turn a profit despite growth in depos
The FDIC has determined that Old Glory Bank is severely undercapitalized, according to American Banker. The Oklahoma-based bank, founded as a conservative-focused institution, has grown deposits rapidly, from $10 million in 2023 to more than $245 million by the end of 2025, but has struggled to turn a profit despite that expansion. Regulators now face questions about the bank's financial footing and its ability to meet capital requirements.
- 2Solar farm and power line request filed with Oklahoma regulators▼Solar farm and power line request presented to Oklahoma regulators
A proposal combining a solar farm with associated power line infrastructure has been presented to regulators in Oklahoma. Details of the developer, project size, and location have not yet been made public beyond the filing itself. The request now awaits review by state utility regulators, who will determine whether the project can proceed.
- 3Oklahoma judge rules NextEra overcharged for gas during Winter Storm Uri▼Oklahoma judge finds NextEra overcharged for gas during 2021 Winter Storm Uri
An Oklahoma judge has ruled that NextEra overcharged for natural gas during the February 2021 Winter Storm Uri, when record cold drove fuel prices sharply higher across the state. The finding could affect repayment obligations and refunds tied to the storm's costs, and is likely to draw attention from regulators, utilities and consumers still dealing with the storm's financial fallout.