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In response to COVID-19, all 77 Oklahoma counties have been approved for low-interest disaster loans from the U.S. Small Business Administration. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. More information is available at SBA.gov/disaster. Stay informed by checking the coronavirus resource page. We …

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 …

NOW is the time to get involved in your Association, and one good way to accomplish this is to join one of our committees! We are now taking names for those interested in our committees for the 2020-2021 year. By participating with the group three to four times a year, you learn more about your profession, meet other bankers, share …

With banks, their customers and their employees facing unprecedented challenges associated with the 2019 novel coronavirus pandemic, ABA yesterday published a suite of new resources for bankers to help them navigate this ever-changing situation. Resources include: A comprehensive set of frequently asked questions covering a range of topics, including regulatory concerns, workforce health and safety and branch operations. This FAQ …

To ensure the health and safety of all those involved, OBA live events and seminars scheduled through April 10 are either canceled or postponed in response to the coronavirus (COVID-19). Webinars on a variety of topics to meet your training and continuing education needs are available on the events calendar.

The OBA is looking for bankers interested in serving as chairperson of the Emerging Leaders Division. Any OBA Emerging Leaders who are currently enrolled in OBA Emerging Leaders Academy or have previously graduated from an OBA Emerging Leaders Academy or OBA Leadership Academy are eligible for the position. The Emerging Leaders chair will serve a two-year term and will work …

America’s banks prevented $22.3 billion in attempted fraud against deposit accounts in 2018, according to the American Bankers Association’s 2019 Deposit Account Fraud Survey report released on Jan. 15. While total attempted fraud against deposit accounts reached $25.1 billion in 2018, banks’ prevention measures stopped nearly $9 out of every $10 of attempted fraud. The Oklahoma Bankers Association did its …

Several scholarships are now available to bankers from OBA-member banks for various graduate schools of banking. Applications should be submitted to the OBA’s Janis Reeser by email (janis@oba.com), regular mail (643 N.E. 41st St., OKC, 73105) or fax (405-424-4518). The scholarship recipients will be selected and announced no later than April 22. Click on the links below for more specific …

The Key Ratios seminar, scheduled for Jan. 15 in Tulsa, has been canceled. Refunds will be given to those who already registered. The Key Ratios seminar set for Jan. 16 in Oklahoma City is still set to take place as scheduled. If you have any questions, contact our education department at (405) 424-5252.

The federal bank regulatory agencies announced on Dec. 31 the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act regulations. The annual adjustments are required by the CRA rules. Financial institutions are evaluated under different CRA examination procedures based upon their asset-size …