Bank of Oklahoma is a regional American bank providing retail and corporate banking and wealth management products and services to individuals and companies. Bank of Oklahoma provides its sweep services to business customers via its Cayman Island branch.
Bank of Oklahoma N.A. has Category B banking license number 100074 issued by the Cayman Islands Monetary Authority. This type of license allows Bank of Oklahoma N.A. to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Bank of Oklahoma N.A. failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Bank of Oklahoma N.A. failure its depositors will not be paid out any compensation.