Oklahoma Banker

June 2020

• June 22, 2020

  OBA joins colleagues in asking to simplify PPP’s loan forgiveness policy

  The OBA has joined two different groups of trade associations in asking the Trump Administration to simplify the confusing forgiveness process for PPP loans. “As this issue of the Oklahoma Banker goes to press, we’re waiting for President Trump to sign H.R. 7070, the Paycheck Protection Program Flexibility Act,” OBA Executive Vice President/Government Relations Adrian Beverage said. “The Senate approved …

May 2020

• May 21, 2020

  Executive News: Next big hurdle: ‘forgiveness’

  It may be a new beginning as consumer patience wears off and people begin to venture out to test the waters. Some of us recognize the difference between previous recessions (usually they begin in a sector, like energy or agriculture) and this one. Right now, consumers are on the front lines o f the current recession (no jobs, no income, …
• May 21, 2020

  Safe harbor granted extension

  In updates to its list of Frequently Asked Questions, the Small Business Administration said it will grant a seven-day extension to the safe harbor for firms that have access to other sources of capital to repay PPP loans. Borrowers that applied for a PPP loan prior to April 24, 2020, and that repay the loan in full by May 14, …
• May 21, 2020

  SBA looks for help – what does it imply?

  We received an email notice from the SBA recently asking us to spread the word that they are looking to hire a large number of people who are experienced bankers, or who have accounting or finance experience. The agency is looking for temporary employees for a period of 2-6 months. During those 2-6 months, it would be a full-time position, …

April 2020

• April 15, 2020

  Executive News: Nightmare on main street

  There I was, minding my own business, with thoughts of the upcoming anniversary of my heart attack. Happy thoughts they were because I was so very blessed to have survived it. That memory brought back feelings of gratitude and praise that I lived to celebrate my 74th birthday. It was the best one ever, as you might imagine. Now I’m …
• April 15, 2020

  Implementing the CARES Act – successes, frustrations

  We’re almost a week into the process of implementing the CARES Act, and still there seem to be more questions than answers. “We have been trying to keep our member banks up to date on various aspects of the PPP (Paycheck Protection Program),” said Adrian Beverage, OBA’s chief of staff. “It just seems like once we think we have an …

March 2020

• March 11, 2020

  Executive News: Credit unions – Enough is enough already

  Over the years, many of you have heard me talk about credit unions and their growing presence both in Oklahoma and across the nation. And every time I see a commercial for Navy Federal Credit Union, I want to barf. What are we, 1,500 miles away from an ocean? Isn’t that where one would expect to find our “navy” and …
• March 11, 2020

  Nominations open for OBA Board

  Pursuant to Section 5.4 of the bylaws of the Oklahoma Bankers Association, this will serve as official notice of the process of selecting members of the board of directors of the Association. There are six board nominating committees, each of which will select a banker to replace the board member whose term on the OBA’s board will expire at the …

February 2020

• February 21, 2020

  Executive News: Looking at the Alliance

  One of the things many of you have heard me talk about over the last five years or so deals with the Alliance between and among the 51 state bankers associations across the country and the ABA. The alliance is of immeasurable value to the commercial banking industry, but it wasn’t always so. When I first arrived at the OBA …
• February 21, 2020

  Bankers’ Night Out events set for Spring

  The dates for the OBA Bankers’ Night Out programs have been finalized. Mark your calendar for the date of the program that’s in your area of the state and plan to attend. Bring your coworkers with you so that everyone can be up to speed on the most recent developments affecting their job. In addition to state and federal legislative …