Wednesday, October 20, 2021

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Banking profits increase in second quarter

Despite the drop in net interest revenue, 64.1% of Oklahoma banks reported more net interest income than the previous year, according to the recently released Quarterly Banking Profile by the FDIC for the second quarter. For Oklahoma banks, the average return on assets was 1.24% in the second quarter of 2020, up from 0.36% the previous quarter. The FDIC reported …

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Adrian Beverage assumes president/CEO position at OBA

The Oklahoma Bankers Association will have a new president and CEO for the first time in 33 years – but one with a familiar name – when Adrian Beverage assumes the post officially on Saturday, May 1. Beverage will be moving from his current position as chief of staff, executive vice president and director of government relations for the OBA, …

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Banks across Oklahoma, nation are stepping up

Banks in Oklahoma have responded to #COVID19 by standing by communities and serving as a critical delivery system for government relief. The most gratifying response has come from customers. See more ways #AmericasBanks are helping: https://bit.ly/2X31zlU #OKBanksAreHelping

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SBA guidance on PPP loans for self-employed, independent contractors

Agency also clarifies bank director, shareholder eligibility for PPP loans‌ Breaking news from the ABA: With independent contractors and the self-employed now applying for Paycheck Protection Program loans, the Small Business Administration today issued an interim final rule clarifying eligibility and application processes for these individuals. The rule clarifies that self-employed individuals who filed Schedule C with their federal income …

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2020 OBA Convention postponed

The 2020 OBA Convention planned for May 18-20, 2020 has been postponed in order to protect the health and well-being of our attendees and speakers. We are working our hardest to reschedule the event and updates will be provided as they become available. Thank you for your understanding and please do not hesitate to reach out with questions.

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GSB-Madison hosting COVID19 workplace issues webinar

We’re all aware of the concern around the coronavirus – and the common-sense recommendations by public health officials around hand washing and staying home when sick that are as ubiquitous as they are important. Certainly, with increased testing nationwide, the number of confirmed cases will continue to rise. What does this mean for your bank? GSB-Madison has put together a …

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OBA creates coronavirus information page for member banks

The OBA has created a coronavirus resource page for our member access to quickly reach ACCURATE information and the latest RELIABLE news sources concerning the coronavirus and resulting COVID-19 illness. Oklahoma banks have always been leaders in their communities, particularly in smaller towns across the state where the local bank sometimes has more resources to reach the public than the …

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