Okla. Stat. tit. 18, § 18-381.24g: Association subsidiary as agent of holding company

A. Any association subsidiary of an association holding company

may receive deposits, renew time deposits, close loans, service

loans, and receive payments on loans and other obligations as an

agent for any other bank or association owned or controlled by the

same holding company.

B. Despite any other provision of law, an association as an

agent in accordance with subsection A of this section for an

affiliate shall not be considered a branch of the affiliate.

C. An agency relationship between subsidiary institutions

pursuant to subsection A of this section shall be on terms that are

consistent with safe and sound practices and all applicable

regulations of any appropriate regulatory agency.