Issues : COVID-19
Peoples Bank was the top-performing bank throughout its three-state footprint through the first round of the Paycheck Protection Program measured by dollars of loans approved per assets.
As a result of the pandemic, financial institutions may find it challenging to determine whether a triggering event has occurred, resulting in the need for an impairment analysis.
The Covid-19 pandemic is forcing bank boards to meet virtually, but there are other good reasons to incorporate audio or video meetings into your governance format. Here’s what to keep in mind.
Bank executives and directors should familiarize themselves with their institutions’ data security and technology infrastructure as more work is done remotely.
From staffing to credit questions, a lot remains up in the air for bank leaders right now.
Most major BOLI carriers expect “business as usual” for purchase activity in 2020, but may find difficulty in reproducing yields close to their current portfolios.
Banks play a vital role in ensuring communities come out stronger on the other side of today’s crisis.
Covid-specific giving initiatives can be spun up in a matter of days for banks with the right technology partners and mindset.
Boards should look closely at the details of their emergency succession plans, given the unpredictable and uncertain nature of the coronavirus crisis.
Executives know how to manage their bank’s balance sheet during a crisis; managing their employees through it is another matter entirely.