Tuesday, April 20, 2021

April 2020

  • April 10, 2020

    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.

  • April 9, 2020

    Recording of today’s conference call with Rep. Mullin, SBA officials available

    The OBA is hosting weekly conference calls to discuss banking issues related to the COVID-19 pandemic. We had a special additional call today that included Rep. Mullin and several officials from the SBA. The call lasted more than 40 minutes and includes much information from Mullin and the officials to help banks going forward. To download/listen to the teleconference call, click …

  • April 9, 2020

    SBA code for Oklahoma district office is 0680

    Many bankers have asked where they can find their SBA Code/Authorization code. The SBA has just confirmed that the “Authorization Code” is the local SBA District Office Code. The SBA Office Code for the Oklahoma District Office is 0680.

  • April 8, 2020

    Latest SBA guidance clarifies PPP funding period, use of promissory notes

    Breaking news from the ABA: Newly added FAQs from the Small Business Administration and the Treasury Department today address two challenges with the Paycheck Protection Program that ABA and the state bankers associations have been urgently raising with officials: the promissory note to use with PPP loans and the expectation for a five-day period between loan approval and funding. Regarding …

  • April 8, 2020

    ABA updates some PPP issues

    Recent highlights on four critical issues, courtesy of ABA President and CEO Rob Nichols. • A liquidity facility to absorb PPP loans. On Monday, the Fed announced it is building a liquidity facility to absorb the PPP loans banks are making. ABA and the state associations strongly advocated for such a facility, and we are now urging policymakers to convey the contours …

  • April 7, 2020

    Treasury updates FAQs on PPP

    Woman using mobile phone

    The Treasury Department recently updated its frequently asked questions on the Small Business Administration’s Paycheck Protection Program to address several questions raised by bankers. You can download the FAQs by clicking here.  

  • April 7, 2020

    Week of April 6

    In This Issue… Fraud, security: More important now than ever for your bank FDIC provides COVID-19 Resources Select your Emerging Leaders Chairperson This week’s OBA call with bankers, featuring Sen. Lankford, available for download Resources for understanding the CARES Act Video tutorial for SBA online loan system available OBA education corner …

  • April 6, 2020

    Select your Emerging Leaders Chairperson

    The OBA heard from bankers interested in serving as chairperson of the Emerging Leaders Division. This position was open to any OBA Emerging Leaders who are currently enrolled in OBA Emerging Leaders Academy or had previously graduated from an OBA Leadership Academy. The Emerging Leaders chair will serve a two-year term and will work closely with OBA staff to continue …

  • April 6, 2020

    PPP system down to make system upgrades

    The OBA just received word the PPP system is temporarliy down to make system upgrades. We are told it will be back up soon; however, we do not know an exact time frame. Keep sending us (roger@oba.com; adrian@oba.com) questions about any issues that are making it difficult to participate in the PPP and we’ll do our very best to get …

  • April 5, 2020

    Mnuchin gives report on PPP program

    The OBA just got off the phone with Treasury Secretary Steve Mnuchin. He said directly: 1. Setting up this program has taken a monumental effort on the part of Treasury and the SBA. 2. More than 1,200 banks are already in the program and making PPP loans now. 3. Bank directors ARE ELIGIBLE to participate in the PPP process! It …