Oklahoma Banker

August 2020

  • August 23, 2020

    Executive News: Forgiveness: How’s that supposed to work?

    In spite of the persistence of our COVID-19 problems, the process of getting back to “normal” grinds on. Slowly, to be sure, but slowly, nevertheless. In the meantime, the banking industry remains right in the middle of the discus sion about the Paycheck Protection Act, specifically as it relates to forgiveness. I think Congress is right to focus on forgiveness …

  • August 23, 2020

    Emerging Leaders Academy now accepting applications

    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 …

  • August 23, 2020

    Community banks can also find COVID relief in captive insurance

    By Joshua Miller & David Guerino KeyState Captive Management, LLC COVID-19 presents significant challenges for U.S. businesses across every industry, and community banks have had to respond to some unique circumstances. As we focus on moving toward recovery, nearly everyone agrees some changes to operating environments will be permanent and this is the “new normal.” When community banks adjust to …

July 2020

  • July 18, 2020

    Executive News: Taking your eyes off the ball

    Just about every banker I know, and certainly every bankers’ trade association I know, has been up to his/her/their eyeballs in Paycheck Protection Program matters – loans, guarantees, forgiveness applications and so forth since April. Four separate pieces of legislation have been passed by this Congress dealing with the subject, followed by several sets of (very confusing) rules and regulations …

  • July 18, 2020

    Second phase of OBRP slated to start this month

    The Oklahoma Department of Commerce announced a second phase of the Oklahoma Business Relief Program, which will begin later this month. Phase II of the OBRP is scheduled to begin at 8 a.m. on Tuesday, July 14. Another $50 million has been designated for use in the Program. Additionally, when sending in OBRP applications, the Department of Commerce mentioned frequent …

  • July 18, 2020

    PPP extended into August

    The Paycheck Protection Program was extended through Aug. 8 after a measure passed through the U.S. Senate and House early this month and was signed by President Trump. The U.S. House of Representatives approved an extension of the Paycheck Protection Program on July 1, only hours after the U.S. Senate approved the measure to extend the Paycheck Protection Program. The …

  • July 18, 2020

    Oklahoma Bankers Hall of Fame taking nominations

    The OBA will be taking nominations for 2020 Oklahoma Bankers Hall of Fame inductees through the middle of July. The Hall of Fame was created by the OBA Board of Directors to honor individual bankers for their contributions to the banking industry and the State of Oklahoma. In addition, the Hall of Fame is intended to recognize bankers’ achievements on …

June 2020

  • June 22, 2020

    Executive News: Food production, banking and beyond

    I recently read an article written by Evan Sparks, who is the editor-in-chief of the ABA Banking Journal and vice president for publications at the American Bankers Association. His article hit home and stirred up some memories for me – some good, most bad. Years ago, I was the director of the D epartment of Banking and Finance in Nebraska. …

  • June 22, 2020

    Lawton’s Walker takes OBA chairman reins

    Rick Walker, vice chairman and CEO of Liberty National Bank in Lawton, was inducted as the 2020-21 chairman of the Oklahoma Bankers Association during a video conference on May 19. Walker has been with his bank for almost 15 years. He began his banking career in 1987 working in various aspects of lending and management. He holds a bachelor’s in …

  • June 22, 2020

    OBA joins colleagues in asking to simplify PPP’s loan forgiveness policy

    The OBA has joined two different groups of trade associations in asking the Trump Administration to simplify the confusing forgiveness process for PPP loans. “As this issue of the Oklahoma Banker goes to press, we’re waiting for President Trump to sign H.R. 7070, the Paycheck Protection Program Flexibility Act,” OBA Executive Vice President/Government Relations Adrian Beverage said. “The Senate approved …