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Oklahoma banks, saw an increase in their numbers from the recently released FDIC Quarterly Banking Profile. Oklahoma banks saw their net income increase from $1.342 billion in the fourth quarter of 2019 to $1.501 billion in the fourth quarter of 2020. Total assets also showed a marked increase from 2019 to 2020, going from $114 billion to roughly $129.5 billion. …

In This Issue… Compliance Alliance offers bankers compliance help Oklahoma banks show strong performance in 2020 despite pandemic Review your bank’s information for OBA directory Get your photos in for OBA 2022 Views & Vista photo contest Get involved with an OBA committee OBA welcomes new strategic members OBA education corner … Compliance Alliance offers bankers compliance help As you …

The White House announced today several measures to ensure the smallest firms have access to Paycheck Protection Program loans, including an exclusive application window for firms with fewer than 20 employees, a revised loan calculation and funding set-aside for sole proprietors and self-employed individuals and new eligibility for businesses owned by those with certain felony convictions. Five weeks after the …

The Oklahoma Bankers Association has created COVID-19 vaccine-related public service announcements for its member banks, both in advertising form as well as in story form, ready for display at the bank or for insertions into local newspapers. These free advertising files and stories, themed as “Nothing’s Safer Than Money In The Bank … Except For The COVID-19 Vaccine”, echo the …

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) — …

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 …

Section 603 of the Oklahoma Banking Code provides authority to the officers of a bank or credit union to close the institution (or one or more of its facilities) when an emergency exists – which could include the upcoming winter storm. Notice must be given to the Oklahoma State Banking Department when the bank decides to close because of an …

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 …

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 …

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 …