Our associate members have a great deal of resources related to the COVID-19 crisis for financial institutions and we have added a list here. The information on their websites is being updated regularly.
ABA Insurance Services: Pandemic resources page to assist banks as they return to operations, the office, or whatever the new normal is.
Baker Newman Noyes: BNN COVID-19 Resource Center
Bankers Healthcare Group: BHG has been utilizing technology for virtual updates and meetings for their bank partners and hosting meetings via webinar for banks interested in learning more about BHG (loan growth via medical and other professional borrowers). They have also been working with other associations on a participation loan they have available to their community bank partners to help their banks get yield and loan growth easier than ever. The rate to bank is at 5.75%. Learn more.
BerryDunn: COVID-19 Blog Resources for Bankers
DINSE: COVID-19 Resources
Goodwin Law: The ongoing global outbreak of a dangerous new Coronavirus (COVID-19) continues to grow in scale and scope, creating public health and humanitarian challenges world-wide. Cross-industry teams at Goodwin are helping clients fully understand and assess the ramifications of COVID-19 and navigate the potential effects of the outbreak on their businesses. We invite you to bookmark and return to our knowledge center as lawyers from across Goodwin issue new guidance and insights.
Gravel & Shea, P.C.: COVID-19 updates
Hickok & Boardman: Has a whitepaper on Designing a Post-coronavirus Office
M&M Consulting: Has been providing guidance to their current banking clients on implementing the Families First Coronavirus Response Act (FFCRA paid leave for employees), guidance on the PPP, guidance on credit risk management during the pandemic, and have expanded their for fee, compliance Answer Person service to those non clients who would like to access the service to ensure they are able to respond promptly to any bankers’ compliance and internal control and commercial loan review concerns.
Their commercial loan review team has been analyzing client banks’ loan portfolios to identify at risk borrowers and critical industries to help banks’ credit departments in their credit risk management. They have also developed streamlined and risk-based exams and reviews to ensure compliance is being met during these chaotic times. Learn more.
NEACH: COVID-19 Resources this page includes FAQs and how to handle EIP payments.
Pentegra: COVID-19 related material to help understand The CARES Act and the impact on their bank’s retirement plan. Contact Wade Connor for more information at firstname.lastname@example.org. Pentegra and ABA joint webinar on same topic April 23, 2020 – hear the replay.
Smith & Wilkinson: Has created helpful content at no cost, including both a Virtual Onboarding Guide for banks that are trying to add mission-critical new hires to their teams remotely, as well as a Crisis Leadership Tool. For more information contact: Chris Kelley, Partner.
The Bonadio Group: COVID-19 Response and Resources
USDA Rural Development: Implements immediate measures to help rural residents, businesses and communities affected by COVID-19. Read the full stakeholder announcement here.
Wolf & Company: Wolf & Company and WolfPAC Solutions are here to answer your questions, listen to your concerns, and be a resource to help you navigate these uncertain times. In an effort to keep you apprised of the myriad issues the COVID-19 pandemic is presenting to you and your business, we’ve created the Wolf COVID-19 Resource Center that we invite you to explore.
Wolf & Company has created a PPP Loan Forgiveness Advisory Service to offer key guidance and support as you work through SBA PPP loan forgiveness; learn more about this service by clicking here.
Wolf & Company’s COVID-19 Response Assessment provides financial institutions with a holistic visual representation of their response, and gives examiners confidence that the response supported the financial needs of its customers and the community.
Community Bankers Webinar Network: See their list of COVID-19 webinars and discounts, some are even free.
Dr. Carmona webinar recording: https://attendee.gotowebinar.com/recording/8247958294876658435
U.S. Department of Treasury: Paycheck Protection Program Information and Forms
OCC releases Community Reinvestment Act (CRA) Frequently Asked Questions Related to COVID-19
American Bankers Association: Resource page
Independent Community Bankers of America: Resource page
Promote your bank’s PPP lending success stories on social media. Here’s a helpful tip sheet created by ABA to get you started.
FRAUD AND SCAM
U.S. Secret Service: State Unemployment Insurance Fraud
Federal Trade Commission: Coronavirus: Scammers Follow the Headlines
Financial Crimes Enforcement Network (FinCEN): Communicate Concerns Related to COVID-19 and Remain Alert to Related Illicit Financial Activity
Department of Homeland Security: Risk Management for Novel Coronavirus
There is a coin shortage happening – here’s a sheet that gives ideas for collecting coins from your customers.