Creating contingencies for banking institutions along the Gulf Coast
| 05.16.2007 | 14:44:17 | Views: 3976 | ID:
May 16 '07: Maintaining business continuity after disasters is essential on the road to recovery. To help businesses and financial institutions along the Gulf Coast, the FDIC has been working to compile best practices and business continuity plans which can serve as templates for other members of the community.
An article, from the Herald Tribune in Southwest Florida in 2005 illustrated such best practices being catalogued by the federal government.After Hurricane Charley devastated the state in 2004 with more than 2 million people without power and 13 dead, local banks in Charlotte County rushed to set up mobile ATM's and banking centers using generators so people could have access to their money for rebuilding and response operations immediately after the storm. According to the Herald Tribune, "Gas-powered generators and mobile bank offices were headed to Charlotte to allow bankers and their customers conduct limited business. To help with those efforts, the FDIC reported that in during the hurricane "one large Florida community banking organization acted as a clearinghouse, taking inventory and coordinating the availability of lodging and supplies among" the banking staff. The goal was to create an environment where the employees could focus on helping others after the hurricane. The main goal of the financial institution was to make sure that their employees were safe so that they could carry on operations in their community to provide the vital financial services necessary to help promote rebuilding efforts. For more information on Hurricane Charley, click here.
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