Saturday, March 28, 2020

OKBanker Direct

Oklahoma Banker Direct

March 2020

  • March 23, 2020

    Treasury secretary releases memorandum identifying bank, other financial services as part of Critical Infrastructure Sector

    The secretary of the treasury released a memorandum late Sunday night identifying the financial services sector as part of the nation’s Critical Infrastructure Sector by the Department of Homeland Security. Treasury Secretary Steven Mnuchin sent the memorandum, which stated the essential critical infrastructure workforce for the financial sector includes: • Workers who are needed to process and maintain systems for …

  • March 23, 2020

    SBA hosting another webinar Tuesday to explain disaster relief program

    The SBA webinar we promoted over the weekend appears to be full. Luckily, the SBA is hosting a second webinar on Tuesday to explain its Economic Injury Disaster Loan program (EIDL) in more detail, which you can sign up for here: 2 p.m. Tuesday, March 24: Register The Economic Injury Disaster Loan program provides small businesses with working capital loans of up to …

  • March 21, 2020

    SBA approves all 77 Oklahoma counties for disaster relief loan program

    In response to COVID-19, all 77 Oklahoma counties have been approved for low-interest disaster loans from the U.S. Small Business Administration. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. More information is available at SBA.gov/disaster. Stay informed by checking the coronavirus resource page on OBA.com. We will …

  • March 21, 2020

    SBA hosting webinar Tuesday to explain disaster relief program

    The SBA is doing a webinar on Tuesday to explain its Economic Injury Disaster Loan program (EIDL) in more detail, which you can sign up for here: 9 a.m. Tuesday, March 24: Register The Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to …

  • March 19, 2020

    OBA encourages banks to stay in contact with customers

    During this time, many bank customers might be feeling anxiety about access to their funds or if those funds will remain available in the future. The OBA encourages its member banks to stay in communication with its customers. Many/most of our banks have already reached out to their customers and we applaud those efforts. For those who haven’t – or …

  • March 16, 2020

    OBA to host conference call for bank leaders regarding coronavirus

    The OBA will host a live conference call at 10 a.m., Wednesday, for bank presidents, CEOs and other interested bank leaders to discuss the industry’s response to the coronavirus outbreak. OBA President and CEO Roger Beverage will host the call and will be joined by Oklahoma State Banking Commissioner Mick Thompson. The call-in number and passcode will be sent out to …

  • March 9, 2020

    Agencies share pandemic planning guidance for banks

    In case you missed it, federal banking regulators issued guidance for banks Friday dealing with planning for a pandemic event. The guidance for business continuity planning in the face of a pandemic has come about because of the rising number of reported cases involving the new coronavirus. According to the guidance, plans should provide for a preventative program, a documented …

January 2020

  • January 8, 2020

    Sharing some information on ABA Washington Summit

    Bakari Sellers, a CNN political analyst and former South Carolina Democratic state legislator (at one time was the youngest African-American elected official in the nation), and Republican strategist Leslie Sanchez, a CBS News political contributor and former White House official under President George W. Bush, will be keynote speakers at the ABA Washington Summit, scheduled March 23-25 in Washington, D.C. Sellers …

November 2019

  • November 7, 2019

    CFPB director to meet with OBA-member banks

    (includes updated time) CFPB Director Kathy Kraninger will make her first visit to Oklahoma City on Nov. 14 to do a number of things, which includes a briefing with OBA-member banks. The meeting will be held at 10:30 a.m. on Thursday, Nov. 14 in the conference room at Valliance Bank, which is located at 1601 NW Expressway, Oklahoma City, OK …

October 2019

  • October 30, 2019

    USDA issues interim final rule on hemp production

    (Information courtesy of ABA) The U.S. Department of Agriculture on Tuesday issued an interim final rule establishing new regulations and procedures for the legal production of industrial hemp, as required by the 2018 Farm Bill. The Farm Bill reclassified hemp as a legal agricultural commodity, but questions remained, including those related to banks’ ability to serve hemp producers and hemp-related …