OPERATIONAL RISK

Pandemic Response

A pandemic response plan is critical piece of any business continuity plan. The COVID-19 Pandemic serves as an extreme example of why pandemic plans are a necessity, but each year new diseases have the potential to disrupt our communities.

A disease outbreak becomes a pandemic in the event a disease spreads across several countries and affects a large number of people. Recent pandemics include the 2019-2020 COVID-19 Pandemic, the 2009 H1N1 Pandemic and the 1958 H3N2 Pandemic. Pandemics impact entire communities and stress entire economies.

A community bank’s preparedness and resilience during a pandemic may mean the difference between small businesses surviving a pandemic or not. Managing your staff and your operations efficiently through a pandemic is vital to the strength and stability of main street.


Sector Calls

Pandemic News

Lawmakers seek SBA feedback on PPP backlog

Apr 20, 2021 | NewsWatch Today
A group of House Republicans asked the SBA for information on its backlog of Paycheck Protection Program loan-forgiveness applications.

FS-ISAC Coronavirus Update, April 20, 2021

Apr 20, 2021 | Coronavirus Update
Nearly 212 million doses of vaccine have been administered in the US for an average of 3 million shots a day, despite a pause in delivering Johnson & Johnson’s Janssen vaccine, according to data published Monday by the US Centers for Disease Control and Prevention.

FDIC launches campaign promoting financial inclusion

Apr 16, 2021 | NewsWatch Today
The FDIC launched a public awareness campaign supporting financial empowerment to educate consumers about the benefits of opening a bank account to gain access to safe, low-cost financial products.