Oklahoma Bankers Association We make bankers better!
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
June 2020
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June 17, 2020
State of Oklahoma starting Oklahoma Business Relief Program
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 …
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June 16, 2020
June 2020 OBA Legal Briefs
Coronavirus Compliance Changes Changes in UCCC Amounts Effective 7/1/20 Coronavirus Compliance Changes By Andy Zavoina We are in a much different compliance environment than we were when the calendar went to 2020 – or are we? I want to highlight some recent rulings that have come down from the regulatory agencies so that you can see that the agencies are …
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June 16, 2020
Week of June 16
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 …
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June 16, 2020
Free FBI training coming up; more info on unemployment scams
This alert has two distinct and separate topics. Please read both and understand the first is an invitation for training on Thursday, and requires you sign up beforehand. Typically, you have to be an Infragard member to attend these meetings, but FBI has extended an offer to our bankers to attend this one without being a member. If afterward you …
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June 13, 2020
SBA revises PPP application forms to reflect change in applicant eligibility
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 …
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June 11, 2020
Oklahoma Bankers Hall of Fame taking nominations for 2020 inductees
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 …
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June 11, 2020
Oklahoma Bankers Hall of Fame taking nominations for 2020 inductees
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 …
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June 11, 2020
Special message from OBA President/CEO Roger Beverage
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)
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June 11, 2020
SBA, Treasury issue guidance on PPP flexibility, new application form for borrowers
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, …