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

EIPs start depositing today

Mar 17, 2021 | NewsWatch Today
The first tranche of new Economic Impact Payments sent through the ACH Network is effective today. In a joint statement, ICBA and other financial services groups clarified that the March 17 payment date was chosen by the IRS—not the banking industry.

FS-ISAC Coronavirus Update, March 17, 2021

Mar 17, 2021 | Coronavirus Update
Nearly 111 million doses of Covid-19 vaccine have been administered in the US, according to data published Tuesday by the US Centers for Disease Control and Prevention.

PPP loans reaching smallest borrowers: SBA data

Mar 16, 2021 | NewsWatch Today
The current round of the Paycheck Protection Program is successfully reaching smaller borrowers, according to recent data from the SBA.