Oklahoma Bankers Association We make bankers better!

February 2021

• February 10, 2021

  Executive News: Well, it’s Groundhog Day … again

  Have you ever been to Punxsutawney, Pennsylvania? Yeah, me either. But I know what the town is all about: Groundhog Day! It’s a cultural superstition brought to this country by early Dutch settlers long ago. Nasty little critters, groundhogs are, I’m told by my Pennsylvania friends. The idea is the desi gnated groundhog for the day is roused from his …
• February 10, 2021

  Vaccine PSAs available for banks

  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 ads and stories, themed as “Nothing’s Safer Than Money In The Bank … Except For The COVID-19 Vaccine”, echo the Association’s …
• February 10, 2021

  Oklahoma banks post big numbers in latest PPP round

  Since the Paycheck Protection Program reopened last 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, among all the states.Nationally, 891,044 loans have been made to date in round three, totaling nearly $73 billion, …
• February 10, 2021

  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 …
• February 3, 2021

  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 …
• February 2, 2021

  Week of Feb. 1

  In This Issue… Oklahoma banks make more than $1 billion in round three PPP loans ABA’s (virtual) Conference for Community Bankers set for this month 2021 OBA college scholarship available Review your bank’s information for OBA directory OBA welcomes new strategic members OBA education corner … Oklahoma banks make more than $1 billion in round three PPP loans Since the …

January 2021

• January 29, 2021

  SBA issues procedural notice addressing second-draw loans

  

  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 …
• January 27, 2021

  Aspen Services Group

  We are a concierge facility maintenance company that has been in service for 25 years, a One-Stop-Shop for all business needs with a focus on Janitorial and Disinfection services. Aspen can be your trusted defense of attack when it comes to viral outbreaks and infection control with our FTO wipe downs and ESS machine sprayers. During these uncertain times, you …
• January 25, 2021

  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 …
• January 21, 2021

  January 2021 OBA Legal Briefs

  Second round of stimulus payments Accepting OK Real ID receipts Special purpose credit programs BSA revisions Second round of stimulus payments By Pauli D. Loeffler With the first round of stimulus payments, customers who died prior to receipt were not eligible to receive them. This was made clear by on the IRS’s Economic Impact Payment Information Center website (https://www.irs.gov/coronavirus/economic-impact-payment-information-center) in …