Thursday, October 21, 2021

Cami ten Napel

OBA offices closed, staff remains available for assistance

The OBA offices will be closed on Wednesday and Thursday for the safety of our staff in the wintry weather. We remain available to assist our bankers, however, and you can reach our staff through our emails or cell phones. Roger Beverage (president & CEO) — roger@oba.com; 405/850-0695 Adrian Beverage (government relations) — adrian@oba.com; 405/323-2819 Lea Ann Jackson (accounting/operations) — …

Read More »

Week of Feb. 15

In This Issue… OBA offices closed, staff remains available for assistance Get free personalized PSAs encouraging community to vaccinate OBA education corner … OBA offices closed, staff remains available for assistance The OBA offices will be closed on Wednesday for the safety of our staff in the wintry weather. We remain available to assist our bankers, however, and you can …

Read More »

Fed extends rule allowing bank directors to apply for PPP loans

The Federal Reserve Board announced Tuesday that it is temporarily allowing certain bank directors and shareholders to apply to their banks for PPP loans. This is the second extension of the rule and will allow those individuals to apply for PPP loans. The extension, which is applicable only to PPP loans, is effective immediately. This extension applies to PPP loans …

Read More »

SBA updates PPP interactions

The Small Business Administration announced this morning it is taking additional steps toward improving the speed to resolve data mismatches and eligibility concerns so small businesses have as much time as possible to access much-needed PPP funds, while maintaining the integrity of the program. Three changes were mentioned by the SBA: 1. Enable lenders to directly certify eligibility for borrowers …

Read More »

Week of Feb. 8

In This Issue… ICYMI – thanks to the ABA/Alliance for providing this information SBA to begin sending EIDL advance reconciliation payments Oppose NCUA field of membership proposal scholarship available Fed research paper flags climate change as source of financial risk Review your bank’s information for OBA directory Make your nominations for 50-Year Club OBA Intern Program looking for participants OBA …

Read More »

SBA issues procedural notice addressing second-draw loans

As the Small Business Administration works to resolve several issues with the Paycheck Protection Program, it issued a procedural notice late last night outlining how it will move forward with the processing of second-draw PPP loan applications for borrowers who still have an unresolved issue related to their first-draw loan. “This is a timely issue that was discussed by the …

Read More »

Week of Jan. 25

In This Issue… Yellen named nation’s 78th treasury secretary Review your bank’s information for OBA directory OBA education corner … Yellen named nation’s 78th treasury secretary Following a nomination by President Joe Biden, Janet Yellen was approved by the Senate on Monday to be the nation’s 78th treasury secretary, and first woman to hold the job in the department’s history. …

Read More »

SBA releases updated PPP forgiveness information

The SBA published new Paycheck Protection Plan loan forgiveness forms on Tuesday night, and an IFR on Loan Forgiveness Requirements and Loan Review Procedures as Amended by the Economic Aid Act. The documents can be downloaded below: • IFR on PPP – Loan Forgiveness Requirements and Loan Review Procedures as Amended by Economic Aid Act • Revised SBA Form 3508 PPP Loan …

Read More »

Week of Jan. 18

In This Issue… SBA issues FAQs on revenue reduction, max loan amount calculations for second-draw PPP loans New resources available for reopening of PPP Review your bank’s information for OBA directory 2021 OBA college scholarship available OBA education corner … SBA issues FAQs on revenue reduction, max loan amount calculations for second-draw PPP loans With the Paycheck Protection Program portal …

Read More »