Consumer & Business Response

Disasters are unpredictable and can be devastating to a community. But there is a lot your bank can do to help prepare your customers for these events.

Help Consumers Prepare for a Natural Disaster

Disasters are unpredictable and can be devastating to a community. But there is a lot your bank can do to help prepare your customers for these events.

Share these tips:

  • Store important documents such as proof of identity, property ownership, insurance policies, bank and investment account information, and three years of tax returns in a bank safe-deposit box. Encase these items in plastic bags to prevent moisture.
  • Prepare additional copies of critical documents such as birth certificates, adoption papers, marriage licenses and the deed to your home for safekeeping and inform a trustee, relative or attorney of their location.
  • Print out key contact information for executors, trustees and guardians and store it in a secure location, either in your safe-deposit box or with a close relative.
  • Inventory personal and household valuables (take photos and keep receipts) to help evaluate replacement costs.
  • Include surplus cash, preferably small bills, in your home emergency kit. The kit should also include a three-day supply of food and water, a first aid kit, can opener, radio, flashlights and batteries.
  • Create digital copies, which can serve as a supplement or backup to paper documents.  Scanned or electronic documents can be uploaded with secure online backup services.
  • Contact your insurance agent or visit the Federal Emergency Management Agency’s website to determine if a flood insurance policy is right for you.

Senate stimulus package includes ICBA priorities

Sep. 09, 2020

Senate Republicans introduced a scaled-back coronavirus relief package that includes ICBA-advocated provisions contained in previous drafts.

The $500 billion "skinny" package, which Senate Majority Leader Mitch McConnell (R-Ky.) said would be brought to a vote as soon as this week, includes provisions forgiving Paycheck Protection Program loans under $150,000, providing a lender safe harbor, expanding forgivable expenses, and more.

The House isn't expected to take up the legislation. ICBA continues working with policymakers on the next stimulus package as Congress and the Trump administration work to resume negotiations.