Monday, November 30, 2020

Week of April 13

In This Issue…

SBA PPP gateway update: Your authentication number must be resubmitted

The PPP gateway was offline for about an hour last night while SBA began to upgrade its security. They later sent an email to Lender gateway users about how this upgrade will affect them. The message they sent said  once the upgrades have been completed, all Lender Gateway users will need to submit a new Authentication Number to continue processing loan guarantee requests.

Below you will find instructions on how to complete this necessary process before you can successfully log-in:

The U.S. Small Business Administration is enhancing security of the Paycheck Protection Program Lender Gateway. Beginning April 13, 2020 at 10 p.m. EDT, the Lender Gateway will undergo security upgrades for approximately one hour and will be unavailable during this time.

Once these upgrades have been completed, all Lender Gateway users will need to submit a new Authentication Number to continue processing loan guarantee requests.

  • The new Authentication Number for your lending institution is available in your CAFS account.
  • To retrieve this number, please login to your CAFS account and access the partner database/PIMS. Search for your Location ID, and locate the Alias listed near the middle of the page. You will use the 9 digit Authentication Number in this section to verify access to SBA Connect.

If you do not have a CAFS account, please reach out to the authorizing official in your lending institution. If you are a lender having trouble accessing CAFS, please reach out to the SBA District Office where your bank is headquartered to request assistance in obtaining your new Authentication Number.

Once you have located this new Authentication Number, please login to SBA CONNECT to request access to the Paycheck Protection Lender Gateway application using your institution’s FRS, FDIC, NCUA, or Location ID number and the new Authentication Number. Please note that this change will not affect any loan authorization requests already submitted using the Lender Gateway.

Back to top

2020 OBA college scholarship available

Each year, the Oklahoma Bankers Association awards a $1,000 scholarship to an incoming freshman who has a parent, grandparent, sibling or spouse who is a Professional Member of the Association. The student must enroll in an accredited Oklahoma institution of higher education. The applicant must also be graduating from an Oklahoma high school. A panel of bankers will select the winning applicant.

Click here for the application for the 2020 scholarship application. Applications are due April 17, 2020.

Anyone interested in becoming a Professional Member of the Association should contact Megan McGuire at our office at 405-424-5252 or by e-mail at megan@oba.com.

Back to top

Select your Emerging Leaders chairperson by April 16

The OBA heard from bankers interested in serving as chairperson of the Emerging Leaders Division. This position was open to any OBA Emerging Leaders who are currently enrolled in OBA Emerging Leaders Academy or had previously graduated from an OBA Leadership Academy.

The Emerging Leaders chair will serve a two-year term and will work closely with OBA staff to continue to build and direct the OBA Emerging Leaders program. The chairperson will also serve as a member on the OBA Board of Directors. Click here to learn more about the candidates listed below, and then cast your vote.

  • Brandon Bixler, NBC Oklahoma, Oklahoma City
  • Mason Bolay, First Bank & Trust, Perry
  • Jeremiah Campbell, Alva State Bank & Trust Co., Alva
  • Lexi Lane, Grand Savings Bank, Grove
  • Trey Rateliff, Citizens Bank & Trust, Ardmore
  • Julie Stovall, American Exchange Bank, Henryetta
  • Kelci Werner, First National Bank & Trust, Elk City

All OBA Emerging Leaders are encouraged to learn more about the candidates and vote for the division chairperson. Click here to learn more about the candidates. Click here to cast your vote. Voting will close Thursday, April 16.

Back to top

This week’s OBA call with bankers available for download

The OBA is hosting weekly conference calls to discuss banking issues related to the COVID-19 pandemic. The latest call took place this morning.

The Oklahoma Hospital Association’s Rick Snyder was on the call along with more than five dozen bankers.

To download/listen to the teleconference call, click here

To register for future calls, contact Jeremy or Megan at the OBA!

Back to top

OBA education corner …

While live events and seminars are currently on hold, the OBA’s education department has plenty of webinars lined up:

NOTE: Effective March 16, and until further notice, TTS (our webinar provider) has extended the OnDemand access period for all ‘Live Plus Five (Days)’ registrants to 60 days (versus five business days). Also, they are waiving the $75 per location fee for additional locations.

  • Small Business Lending: The CARES Act, New SBA Programs and Other Issues, April 22, webinar — In this webinar we’ll go into detail around the new CARES Act and what it means to small business lending. We’ll discuss the new SBA programs, including qualifications and terms.We’ll also discuss the Coronavirus Economic Stabilization Act of 2020 (Title IV), which deals with loans to certain nonprofits and mid-size businesses.
  • Unclaimed Property Compliance for Financial Institutions, April 23, webinar — This webinar will focus on complex state unclaimed property reporting requirements and the unique challenges facing banks and other financial institutions. Learn best practices to mitigate risk proactively, efficiently track customer contact, and monitor recent legislative updates that could impact your organization.
  • Safe Deposit Vault Security & Disaster Recovery Essentials, April 24, webinar — Whether you have 50 boxes or 5,000, this presentation provides a realistic and well-organized method of reviewing and auditing your procedures before a catastrophe occurs. Your speaker knows first hand what to look for; from the most common errors to the not so common, but potentially costly mistakes.
  • Equipment Lease Financing, April 28, webinar — This webinar focuses on the many aspects of equipment lease financing, from structure and documentation to monitoring and administration. It will also include a review of the OCC Lease Financing Guidelines. Both new and experienced equipment lease financing lenders will find this program to be informative and useful.

Also, are you interested in joining an OBA board or committee? Click here to complete the Committee Interest Form for 2020-2021. We would love for you to get involved!

Back to top