What does your business continuity plan contain?
Our business continuity plan is designed to permit our bank to quickly respond, recover and resume business operations and allow our customers to transact business. We need to:
- safeguard our employees and property;
- make financial and operational assessments;
- protect the bank’s records and files.
Essential mission-critical systems have been taken into consideration, including data back-up and recovery (vital records are backed up off-site). Alternate communication methods with customers, employees, suppliers, contractors, and regulators are in place.
Business continuity tests are conducted on a regular basis with employees and vendors. Based on tested processes with our vendors, we should be able to process most transactions in less than a day, as well as to conduct other key activities. Situations may vary depending upon the scope and severity of the disruption. Also please be advised that your deposits and requests for funds may be delayed during this period.
What kind of disruptions are expected?
Disruption may vary from minimal to severe and may involve a Financial Center, bank office building, or be city-wide or national in scope. Since the timing and impact of disasters and disruptions are unpredictable, we will be flexible in managing situations as they occur. If a disruption occurs at a Financial Center, operations will be transferred to another Financial Center and restoration of critical business functions should occur within 24 hours. In a city-wide disruption, we will transfer our operations to a location outside of the impacted area and anticipate resuming most critical business functions within a three-day period.
Where can I get more information?