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

ICBA urging grassroots outreach on PPP reform

Mar 18, 2021 | NewsWatch Today
ICBA is urging community bankers to use its Be Heard grassroots action center to urge their members of Congress to make needed changes to the Paycheck Protection Program if it is extended beyond March 31.

FS-ISAC Coronavirus Update, March 18, 2021

Mar 18, 2021 | Coronavirus Update
Approximately 90 million stimulus checks have been disbursed to Americans, the Department of Treasury, Internal Revenue Service, and the Bureau of the Fiscal Service announced Wednesday, totaling over $242 billion in payments.

House passes PPP extension with Senate outlook in question

Mar 17, 2021 | NewsWatch Today
The House voted 415-3 to pass ICBA-supported legislation to extend the Paycheck Protection Program, though the Senate outlook remains unclear.