News

The Small Business Administration, along with the Treasury, released early this morning a new Paycheck Protection Program forgiveness application, which is more streamlined and easier for applicants to navigate. The new form, which is being referred to as an EZ Loan Forgiveness Application, can be downloaded by clicking here. The full Loan Forgiveness Application Form can be downloaded here. This …

Banks in Oklahoma have responded to #COVID19 by standing by communities and serving as a critical delivery system for government relief. The most gratifying response has come from customers. See more ways #AmericasBanks are helping: https://bit.ly/2X31zlU #OKBanksAreHelping

The State of Oklahoma will start its Oklahoma Business Relief Program next week. The program is similar to the Paycheck Protection Program, but at the state level. Oklahoma Gov. Kevin Stitt and Secretary of Commerce and Workforce Development Sean Kouplen asked the OBA to help spread the word about the program, as well as a pair of training calls next …

In This Issue… This week’s OBA Tuesday Teams call, featuring Rep. Tom Cole, available for download Oklahoma Bankers Hall of Fame taking nominations for 2020 inductees Bank performance shows some stress over first quarter as banks deal with COVID-19 OBA recommends Abrigo PPP Forgiveness & Administration solution Salary and Cash Compensation Survey looking for respondents OBA education corner …

The following information comes courtesy the ABA: The Small Business Administration last night (June 12) released new borrower and lender guaranty application forms for the Paycheck Protection Program to reflect expanded eligibility for applicants with prior felony convictions. Previously, businesses were ineligible for PPP loans if at least 20% of their equity was owned by someone who had been convicted …

The OBA will be taking nominations for 2020 Oklahoma Bankers Hall of Fame inductees through the middle of July. The Hall of Fame was created by the OBA Board of Directors to honor individual bankers for their contributions to the banking industry and the State of Oklahoma. In addition, the Hall of Fame is intended to recognize bankers’ achievements on …

The OBA will be taking nominations for 2020 Oklahoma Bankers Hall of Fame inductees through the middle of July. The Hall of Fame was created by the OBA Board of Directors to honor individual bankers for their contributions to the banking industry and the State of Oklahoma. In addition, the Hall of Fame is intended to recognize bankers’ achievements on …

Longtime OBA President and CEO Roger Beverage filmed a special video webcast message to share with all Oklahoma bankers. It can be viewed by clicking through the link below. If you do not have audio and/or video capabilities on your computer, you can download the transcript of his message by clicking here (.pdf)

The following information comes courtesy the ABA: As expected, the Small Business Administration and Treasury Department late last night (June 10) released an interim final rule to reflect changes made by H.R. 7010, the Paycheck Protection Program Flexibility Act. SBA also published updated, streamlined application forms for borrowers and lenders to use for loans made on or after June 5, …

The Oklahoma Bankers Association and the Oklahoma State Election Board held a joint press conference on June 5 to announce a plan for banks across the state to offer free absentee voting services to all Oklahoma voters. “Community banks across Oklahoma are excited for the opportunity to make absentee voting easier for all Oklahomans,” OBA Chief of Staff/EVP Adrian Beverage said. …