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 summarizes stimulus plan

Mar 10, 2021 | NewsWatch Today
ICBA released a summary of the $1.9 trillion American Rescue Plan Act (H.R. 1319), which Congress is expected to pass this week.

ICBA: Ensure SBA clears all PPP loans on hold

Mar 8, 2021 | NewsWatch Today
ICBA and other financial groups called on policymakers to ensure the SBA clears the thousands of Paycheck Protection Program loan applications in process through the end of March.

Key takeaways on new PPP rule

Mar 5, 2021 | NewsWatch Today
ICBA offers the following community bank takeaways on this week's SBA interim final rule, frequently asked questions, updated application forms, and webinar implementing Paycheck Protection Program changes for IRS Form 1040, Schedule C filers.