Sunday, February 28, 2021

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Oklahoma banking industry remains strong in fourth quarter reports

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. …

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Get free personalized PSA encouraging community to vaccinate

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 …

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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) — …

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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 …

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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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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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