The following information comes courtesy the ABA: The Small Business Administration last night (June 12) released new borrower and lender guaranty application forms for the Paycheck Protection Program to reflect expanded eligibility for applicants with prior felony convictions. Previously, businesses were ineligible for PPP loans if at least 20% of their equity was owned by someone who had been convicted …

The OBA will be taking nominations for 2020 Oklahoma Bankers Hall of Fame inductees through the middle of July. The Hall of Fame was created by the OBA Board of Directors to honor individual bankers for their contributions to the banking industry and the State of Oklahoma. In addition, the Hall of Fame is intended to recognize bankers’ achievements on …

The OBA will be taking nominations for 2020 Oklahoma Bankers Hall of Fame inductees through the middle of July. The Hall of Fame was created by the OBA Board of Directors to honor individual bankers for their contributions to the banking industry and the State of Oklahoma. In addition, the Hall of Fame is intended to recognize bankers’ achievements on …

Longtime OBA President and CEO Roger Beverage filmed a special video webcast message to share with all Oklahoma bankers. It can be viewed by clicking through the link below. If you do not have audio and/or video capabilities on your computer, you can download the transcript of his message by clicking here (.pdf)

The following information comes courtesy the ABA: As expected, the Small Business Administration and Treasury Department late last night (June 10) released an interim final rule to reflect changes made by H.R. 7010, the Paycheck Protection Program Flexibility Act. SBA also published updated, streamlined application forms for borrowers and lenders to use for loans made on or after June 5, …

In This Issue… President Trump signs Paycheck Protection Program Flexibility Act OBA, State Election Board hosts press conference announcing plan to aid absentee voters OBA education corner …

Bankers garnered a strong bipartisan group of U.S. representatives to co-sign a letter urging senators to approve the PPP Flexibility Act prior to its passage on Wednesday. Oklahoma fifth district representative, Kendra Horn, was one of the co-signers of the letter, which reached the Senate shortly before it passed the bill via voice vote. We’d like to thank Rep. Horn …

The Senate passed legislation this afternoon to help businesses get their Paycheck Protection Program loans forgiven and lengthening the time they have to use the funds. You can read more about the details of the bill in the OK Banker Direct sent on May 28 after the bill passed the U.S. House of Representatives. https://www.oba.com/2020/05/28/house-passes-ppp-flexibility-act/ The bill passed by voice …

In This Issue… OBA partners with State Election Board to aid absentee voters OBA asking for responses to two short surveys Check out OBA’s Strategic Members Covid-19 Resource Page OBA education corner …

The Oklahoma Bankers Association, along with the Community Bankers of Oklahoma and the Oklahoma Credit Union Association, is partnering with the State Election Board to encourage the state’s financial institutions to aid absentee voters this election season. The OBA is asking its banks to provide one or more of the following services for free to absentee voters this year: • …