Oak Bank is here for you. COVID-19 Update.

With the recent “Safer At Home” order by Governor Evers, rest assured that Oak Bank is an essential business and we remain open and are here to help you.

Oak Bank is closely monitoring the evolving circumstances related to the Coronavirus (COVID-19). We are following the guidelines of the Centers for Disease Control and Prevention (CDC), World Health Organization (WHO) and our Wisconsin Department of Health (Wisconsin DHS) and we are following their guidelines to aid in the prevention and spread of the virus.

While the actual impact of coronavirus is unknown at this time, we have proactively reviewed our Pandemic and Business Continuity Plans. While we respect the uncertainties inherent in the coronavirus outbreak, we believe we are well prepared to respond to the possible impact with a client-focused staff, business continuity plans and resources.

For the safety of our clients, team, and the community our lobby is temporarily closed while our drive-thru service will remain fully open. Our associates will continue to be available by phone, email, and drive-thru banking during normal business hours (Monday – Friday 8 am – 5 pm) to assist with wire transfers, ACH transactions, loan closings and other needs that you may have. In-person meetings, if necessary, are available by appointment. Through it all, we’re ready to help with any financial assistance you need during this uncertain time.

If you have specific questions about our efforts to minimize the possible impact to our clients, please contact us at 608-441-6000 or bank@oakbankonline.com.

Oak Bank COVID-19 Newsletter Archive

April 17, 2020: CARES Act Relief Payments
April 9, 2020: We’re Here To Help
March 30, 2020: Prevent The Spread
March 27, 2020: Coronavirus Safer At Home Order Response
March 17, 2020: Lobby Closure
March 16, 2020: Updated Hours and Lobby Usage
March 11, 2020: Coronavirus Statement

Not yet enrolled in online banking?

Oak Bank Electronic Services

Oak Bank, like most financial institutions, has invested in digital technologies. By leveraging secure digital technologies, you can do your banking remotely by using our personal and business banking products below.

Have you set up your banking electronic services? Download and start using our mobile banking app. If that sounds daunting, call us and we will walk you through it.

Using your computer to access your online banking is also a safe and easy to use option for reviewing your account activity, make transactions, transfer funds, and make payments. Please call us at 608-441-6000 if you need help getting started.

Business Loan Resources

U.S. Small Business Administration – COVID-19 Disaster Assistance Loans

Wisconsin small businesses may be eligible to apply for federal disaster loans through the Small Business Administration (SBA) website as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act.

Click here to visit the SBA website.

Coronavirus and your mortgage from the Federal Trade Commission

Because of the Coronavirus, many people are facing financial challenges, especially paying their mortgage. If you’re unable to make your mortgage payments, you could lose your home to foreclosure. Federal lenders and some private lenders are offering borrowers temporary help, like stopping or delaying foreclosure or modifying the mortgage. But these measures don’t apply to everyone. If you need help, research the options available to you for getting through these tough times.

Click here to visit the FTC website for mortgage tips.

Fannie Mae Resource – What is Forbearance?

COVID-19 may impact your ability to make mortgage payments, making you eligible for a forbearance. Watch this brief video to learn more about forbearance and what it may mean for you.

Click here to watch the video.