April 2, 2020: In this unprecedented time of economic uncertainty our leaders in Washington have enacted various laws to provide relief to consumers and business owners during this time. Below is information regarding the ‘Economic Impact Payments’ and the ‘Paycheck Protection Program’.
Economic Impact Payments: The Treasury Department will begin distributing tax relief to consumers within the next three weeks. The Federal Communications Commission (FCC) has released the following information regarding these funds: No one will call or text you to verify your personal information or bank account details in order to "release" the funds. The Treasury Department expects most people to receive their payments via direct-deposit information that the department has on file from prior tax filings.
Paycheck Protection Program (PPP): Generally, this program aims to provide cash so workers can keep their paychecks. This directly gives businesses cash – in the form of loans – to help your employees stay on the job. If the money is used correctly, the loans will be forgivable. The program authorizes $349 billion to be shared through PPP loans and all 7(a) loans during the covered period, which will run from April 3rd to June 30th, 2020. However, it is anticipated that due to high demand, these funds will be allocated quickly. Blue Sky Bank will help you with both the initial PPP application and the loan forgiveness application. Please contact your local branch for more information.
March 25, 2020: Safety deposit box access is available by appointment during normal drive thru hours (Monday – Friday only). We will take all necessary precautions for your safety and ours during your appointment, please contact your local branch to schedule. Thank you for your continued patience during this unforeseen time.
March 24, 2020: In an effort to help mitigate the impact COVID-19 is having on our community, Blue Sky Bank announced last week a deferment plan whereby Blue Sky’s current commercial borrowers have the option to defer principal payments on existing loans. During this unprecedented time and economic uncertainty, we believe it is the right time to focus on our neighbors, businesses, and community. Accordingly, we are providing a similar program to help over 600 of our consumer borrowers that need assistance from any COVID-19 related hardships. Most non-mortgage consumer borrowers will have the option to defer payments for up to 90 days. Please contact your Blue Sky Banker for more details.
March 16, 2020: Due to the increasing concerns surrounding COVID-19, Blue Sky Bank locations will conduct business primarily through the drive-thru. The branch lobbies will be closed, but we are able to handle all normal courses of business via phones, digital banking, and email communication. Thank you for your patience as we all work together to reduce the spread of the virus. Please contact your local branch should you have any questions.
During this time our Boxyard branch in downtown Tulsa will be temporarily closed. Please visit our Tulsa location at 3353 E. 41st Street. Our 41st Tulsa branch will maintain normal drive-thru hours during the week, and temporarily open on Saturdays from 10am – 1pm.
March 14, 2020: A message from Blue Sky Bank family on COVID-19.