Thursday, October 21, 2021

Cami ten Napel

Final registrations needed for OBA Virtual Washington Visit

Federal Reserve staff reached out to us earlier this week asking for final registration lists for our upcoming OBA Virtual Washington Visit. At this point we plan to submit a “final” registration list first thing Monday morning. We understand not everyone has registered for this year’s (free!) program, and registration numbers continue to grow. We will continue to push for …

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Register for OBA Virtual Washington Visit!

We’re still encouraging member and non-member banks to sign up for this year’s OBA Virtual Washington Visit, and to do so at your earliest convenience. It’s a unique opportunity to hear directly from your bank’s federal regulator, as well as hearing up-to-the-minute information about the political climate and prospects for the upcoming elections in November. • There’s no charge to …

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Week of May 4

In This Issue… SBA offers clarity for PPP borrowers on attempting to rehire employees, nonprofit hospitals Survey on banks’ reopening procedures available Check out OBA’s strategic members COVID-19 Resource page OBA education corner …

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Conference call on reopening of Oklahoma bank lobbies available for download

The OBA held a video conference call via Microsoft Teams today to discuss the reopening of bank lobbies in Oklahoma and the processes and legal issues involved. Joining OBA President and CEO Roger Beverage were Mary Snyder and Joe Edwards with the Crowe & Dunlevy law group, and Oklahoma State Banking Commissioner Mick Thompson. You can download a recorded version …

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SBA clarifies PPP’s 10-day disbursement window, fee payments

The Small Business Administration last night issued an interim final rule providing clarity on the 10-day loan disbursement requirement under the Paycheck Protection Program, as well as the filing required to receive the lender processing fee. Moving forward, lenders must make a full, one-time disbursement of PPP loan funds within 10 calendar days of the loan being approved-that is, when …

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OBA President/CEO Roger Beverage addresses PPP portal problems

It has been a maddening day for the nation’s small businesses. Access to the SBA’s PPP lending mechanism has been sporadic at best, and non-existent at worst. Officially the SBA tells us that this slower processing reality was the SBA’s intention from the outset. There was no “crashing” of the system; rather, the SBA tells us they put a “pacer” …

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Week of April 27

In This Issue… Robotic processing automation restricted by SBA Banks encouraged to report pandemic-related fraud Employee benefits survey information available for order Check out OBA’s Strategic Members COVID-19 Resource page OBA education corner …

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OBA President/CEO Roger Beverage addresses PPP portal problems

It has been a maddening day for the nation’s small businesses. Access to the SBA’s PPP lending mechanism has been sporadic at best, and non-existent at worst. Officially the SBA tells us that this slower processing reality was the SBA’s intention from the outset. There was no “crashing” of the system; rather, the SBA tells us they put a “pacer” …

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OBA President/CEO Roger Beverage addresses concern for the PPP

Good afternoon. Some additional guidance was released by the Treasury Department this week, and I found it very troubling. Here’s why: Question #31 was added to the Treasury’s list of FAQs Thursday. You may recall there has been some controversy about whether large organizations, like Ruth’s Chris Steakhouse and several others, are eligible for a PPP loan. This question is as …

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