Oklahoma Bankers Association We make bankers better!
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 …
March 2020
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March 26, 2020
Tips for managing your finances during pandemic
(As of March 25, 2020) COVID-19 continues to take its toll as it impacts communities in Oklahoma and across the country, and America’s banks are helping to lead the way and taking steps to respond to the needs of individuals and small business owners directly affected. Note: This support will vary by institution and the customer’s specific circumstances. As a customer, …
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March 25, 2020
Banks essential under Gov. Stitt’s orders: your money is safe, sound and easily accessible
COVID-19 is causing many concerns with consumers, but access to your money shouldn’t be one of them. Here are the top five things you need to know about your money and banks under “Safer At Home.” 1. You have continued access to your funds and bank services. Banks are considered an essential service which means you continue to have access …
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March 25, 2020
Compliance Alliance develops pandemic resources for banks
Business continuity planning during pandemics must include compliance considerations at every level and in every department of the bank—the current COVID-19 crisis is no different. Compliance Alliance developed these tools for all banks across the United States – regardless of membership – for the challenging weeks ahead. Here are the bank pandemic planning tools: COVID-19 Essential Critical Infrastructure Worker Credential …
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March 24, 2020
Week of March 24
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 …
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March 23, 2020
March 2020 OBA Legal Briefs
Corona virus and banking Management’s actions Update Education Resonsibilities Travel Security IT Vendors Military lending update Perfecting a security interest on a trailer Tax season information in Legal Briefs Coronavirus and banking By Andy Zavoina Let’s first set the stage for our discussion on the coronavirus. The coronavirus is a large family of viruses that range from the common cold …
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March 21, 2020
SBA approves all 77 Oklahoma counties for disaster relief loan program
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 …
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March 20, 2020
Listen to COVID-19 teleconference call with Oklahoma banks, officials
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 …
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March 20, 2020
Join an OBA Committee
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 …
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March 20, 2020
ABA releases new coronavirus resources for banks
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 …