Thursday, February 25, 2021

Jeremy Cowen

OBA Board info

Materials for the Feb. 24, 2020, meeting: Board Agenda Board Agenda Summary Exhibit A Exhibit B Exhibit C All Documents (combined if printing)

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Join an 2021-2022 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 2021-20220 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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Oklahoma banks make more than $1 billion in PPP loans

ince the Paycheck Protection Program reopened earlier this month for the third round, Oklahoma banks have made the majority of more than 27,000 loans worth more than $1.3 billion in the state thus far. These numbers represent the 8th and 18th most, respectively, of all the states. Nationally, 891,044 loans have been made to date in Round 3 totaling nearly …

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Week of Feb. 1

In This Issue… Oklahoma banks make more than $1 billion in round three PPP loans ABA’s (virtual) Conference for Community Bankers set for this month 2021 OBA college scholarship available Review your bank’s information for OBA directory OBA welcomes new strategic members OBA education corner … Oklahoma banks make more than $1 billion in round three PPP loans Since the …

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SBA issues procedural notice addressing second-draw loans

Pen and paper

As the Small Business Administration works to resolve several issues with the Paycheck Protection Program, it issued a procedural notice this week 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 OBA’s …

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Federal agencies issue FAQs on suspicious activity reporting

The federal banking agencies on Jan. 19 issued a set of frequently asked questions providing clarity about suspicious activity reporting and other anti-money laundering issues. The agencies issued the FAQs at the recommendation of the Bank Secrecy Act Advisory Group, of which ABA is a member. The FAQs clarify existing expectations and do not establish new requirements. The agencies said …

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Keep up with latest PPP information!

The OBA is keeping its member banks appraised of all the latest Paycheck Protection Program information. Continue to follow the OBA’s OK Banker Directs and OBA Updates to get the most up-to-date information. You can also look back to archived issues of both these publications in case you missed one, or want to give it another look over! OK Banker …

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GSB-Madison offers pair of scholarships for 2021

Pen and paper

The Graduate School of Banking at Madison, Wisconsin, is offering a couple of scholarship for the 2021 school year to a pair of its schools. GSB-Madison plans to award both the HR School scholarship and the Graduate Banking School scholarship in the coming months. Here’s additional info: HR Virtual School Scholarship — $700 The school will start April 12 and …

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SBA releases technical information for PPP system

The SBA released technical information tonight that lenders will need to access the updated Paycheck Protection Program loan portal system. The portal opens Monday but only for “community financial institutions,” which mean CDFIs, MDIs, certified development companies and microloan intermediaries. The first part released tonight contains information regarding API technical information. The second part is the SBA Paycheck Protection Platform …

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