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Take note the OBA 2020-21 Emerging Leaders Academy is currently accepting applications. We’re looking for the best and brightest bankers who seek to sharpen their leadership skills. The Academy will help you reach new heights with powerful speakers offering information leaders need for effectively maneuvering in today’s business climate. Each session helps participants become true leaders by understanding those around …

By now, your bank should have received its Oklahoma Bankers Hall of Fame ballots, which were mailed out on July 31. Please make sure your bank’s ballots are returned to the OBA by Aug. 21 so they can be tallied. If you have any questions, contact Lea Ann Jackson at the OBA.

The Small Business Administration has released its platform user guide for forgiveness applications, and the forgiveness portal will be up and running on Monday, Aug. 10. Several bankers have called us and said they are ready to start submitting the forgiveness applications they’ve already processed on Monday, especially those working with companies like OBA’s endorsed vendor Abrigo, where approved applications …

Updated Aug. 4, 2020  As of June 1, Oklahoma entered Phase 3 of the reopening process, which removed limits on group gathering sizes. However, the OBA is still limiting enrollment for live events to allow for social distancing. In the best interest of everyone involved, we will follow the guidelines below for indoor live events: Please enter and exit the …

The Consumer Financial Protection Bureau issued a request for information seeking on ways to create a regulatory environment that expands access to credit and ensures consumers and communities are protected from discrimination in all aspects of credit transactions. The bureau issued the RFI in lieu of a symposium it planned to host this fall on issues related to the Equal …

The OBA’s Elaine Dodd conducted a banking fraud webinar in partnership with the Oklahoma Insurance Department and AARP Oklahoma as a part of the series, Hoodwinked: A Fraud Conference. Topics covered included: credit/debit cards, checking/savings, money mules, social engineering, sim swapping and pandemic scams. Bankers and/or customers should click here to view the webinar recording.

The Federal Reserve announced on July 15 that it would extend a temporary exemption from Regulation O to allow bank directors and shareholders to receive Paycheck Protection Program loans from their related banks. Reg O generally limits lending activity to bank directors, shareholders, officers and businesses owned by these persons. The exception—which applies only to PPP loans—will be extended through …

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).

ABA President and CEO Rob Nichols recently shared an update and info to all bank CEOs on the Paycheck Protection Program.   To all bank CEOs – I’m writing to provide a quick update on the SBA’s Paycheck Protection Program, which both expired and was revived last week. Data Released. In response to calls from Congress for greater transparency, the …

Developed to help local businesses across the state overcome the economic challenges of COVID-19, the Oklahoma Business Relief Program offers vital funding for businesses that have suffered revenue loss due to the pandemic.   Gov. Kevin Stitt has designated $50 million in Federal CARES Act funds for the program.  Starting Monday, June 29, Oklahoma businesses can request to apply for OBRP …