Saturday, July 27, 2024

News

2020 Oklahoma Banker Hall of Fame inductees

Click on each link to download: Bruce Benbrook nomination form & letter biographical sketch letters of recommendation additional info photo Steve Burrage nomination form & letter biographical sketch letters of recommendation photo Carlisle Mabrey III nomination form & letter biographical sketch letters of recommendation photo

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Friends of Traditional Banking looks for help in three key races

Friends of Traditional Banking has picked key close races each election cycle and encourage community bankers around the country to contribute what they can to help. Friends of Traditional Banking is a non-partisan grassroots effort organized by bankers in 2012 to improve the political and regulatory environment for the traditional banking industry in the U.S. FOTB is the inverse of …

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Week of Oct. 19

In This Issue… ABA, others urge Congress to address forgiveness issues FDIC survey shows 95 percent of U.S. households were banked in 2019 Office Depot offers coupons for OBA members OSU Extension aiming to help farm financial programming OBA education corner … ABA, others urge Congress to address forgiveness issues The American Bankers Association and seven other financial trade groups …

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Executive News: Four weeks out, all is well … ?

… umm … maybe. Maybe not. The upcoming election is about four weeks away. This year has been interesting/challenging, to say the least. That being the case, I have just a couple of quick election-related observations. The Trump Administration seems to be in the crosshairs of this dreaded COVID-19 virus: First it was Hope Hicks; then it was the president …

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ABA, OBA create voting toolkit

It’s officially October, and news on the presidential election is on every corner. The conversation has taken over social media, television and even the dinner table. While talking about the election is a great way to educate yourself and others, the most essential part is exercising your right to vote. The American Bankers Association has teamed with the Oklahoma Bankers …

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SBA streamlines PPP loan forgiveness for $50,000 or less

The Small Business Administration tonight released a streamlined loan forgiveness application for Paycheck Protection Program loans of $50,000 or less. The forgiveness application, Form 3508S, includes certifications from the borrower but does not require calculations to be submitted with the application. Applicants must submit documentation verifying forgivable payroll and non-payroll expenses. Borrowers are required to retain the documentation supporting their …

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Week of Sept. 28

In This Issue… Free-to-all ABA anti-phishing campaign kicks off Final call: Emerging Leaders Academy applications due on Oct. 1 Social Security Administration services available to all OBA education corner … Free-to-all ABA anti-phishing campaign kicks off The ABA has designed an anti-phishing campaign that is an excellent tool for all bankers. It is offered free to all bankers, ABA members …

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Executive News: Next big hurdle: DEI, compliance concerns

We’ve all been impacted by the COVID-19 pandemic, some more than others. As many of you who read this column know, my wife and I have been self-quarantined since mid-March. Most days I work from home and I find the environment surprisingly calm and productive. On at least a weekly basis, I go to the office when no one else …

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Navigating work absences due to closed schools

Crowe & Dunlevy As the school year begins, Oklahoma’s banks once again face the challenge of accommodating the need for employees to be home to care for school-age children due to the negative impacts of the COVID-19 pandemic. This article focuses on the relevant paid leave mandates of the Families First Coronavirus Response Act, the challenges caused by the varying …

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Pandemic strikes banks’ net income in second quarter

On August 25, the Federal Deposit Insurance Corporation reported the banking industry saw a 70 percent decline in net income when compared to net income in 2019. The Agency said liquidity and capital levels remain strong enough to meet loan demand and absorb any losses in the future. Although economic stress related to the COVID-19 pandemic continued to affect bank …

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