OKLAHOMA CITY — With the COVID-19 pandemic impacting communities and businesses across the state, Oklahoma banks are focused on helping as much as they can. The Paycheck Protection Program will offer some relief to small businesses in Oklahoma as it launches on Friday, April 3. Oklahoma bankers, however, do ask for patience from the public as the program begins. Financial …

In This Issue… OBA weekly call with bankers concerning COVID-19 response available for download Treasury releases assistance for small businesses, information for lenders SBA Form 750 available for bankers Interested in leading our Emerging Leaders? Let us know … TODAY! OBA education corner …

Who can get a loan? Businesses, including self-employed and independent contractors, nonprofits (501 C3), veterans’ organizations (501 C19) and tribal business concerns with less than 500 employees. Where do I apply? Any federally insured depository (bank or credit union). How much can I borrow? Up to $10 million but not more than 2.5 times average monthly payroll. How much will …

Federal Deposit Insurance Corporation Chairman Jelena McWilliams addressed the Financial Stability Oversight Council on Thursday, highlighting the agency’s ongoing efforts to provide the necessary flexibility to both banks and their customers in response to the coronavirus (COVID-19) pandemic. “I want to underscore that our banks are safe,” McWilliams said. “Your FDIC-insured deposits are safe. […] The FDIC was borne out …

In This Issue… SBA webinars filled … but more information is available Federal Reserve announces new measures to support economy FBI sees rise in fraud schemes related to pandemic OBA’s COVID-19 teleconference call recording available for download OBA 2021 Views & Vistas Photo Contest deadline approaching OBA education corner …

The OBA hosted a teleconference on Wednesday, March 18, discussing the banking response to the COVID-19 pandemic. The call included representatives from many of our member banks, along with Gov. Kevin Stitt, Sen. James Lankford, State Banking Commissioner Mick Thompson and Oklahoma Secretary of Commerce and Workforce Development Sean Kouplen. The call lasted nearly 50 minutes and includes much information …

We’re all aware of the concern around the coronavirus – and the common-sense recommendations by public health officials around hand washing and staying home when sick that are as ubiquitous as they are important. Certainly, with increased testing nationwide, the number of confirmed cases will continue to rise. What does this mean for your bank? GSB-Madison has put together a …

Over the years, many of you have heard me talk about credit unions and their growing presence both in Oklahoma and across the nation. And every time I see a commercial for Navy Federal Credit Union, I want to barf. What are we, 1,500 miles away from an ocean? Isn’t that where one would expect to find our “navy” and …

Pursuant to Section 5.4 of the bylaws of the Oklahoma Bankers Association, this will serve as official notice of the process of selecting members of the board of directors of the Association. There are six board nominating committees, each of which will select a banker to replace the board member whose term on the OBA’s board will expire at the …

In This Issue… All OBA events currently remain on schedule OBA coronavirus webpage gives up-to-date information Nominations open for OBA first vice chairman Interested in leading our Emerging Leaders? OBA education corner …