Resources for Banks Impacted by the Camp and Woolsey Fires
The California Bankers Association has prepared the following resources to aid financial institutions impacted by the recent fires in northern and southern California.
Announcements and Alerts
FinCEN Encourages Communication from Financial Institutions Affected by the California Wildfires
FinCEN has announced that financial institutions affected by the California wildfires should contact FinCEN and their functional regulator as soon as practicable to discuss any delays in their ability to file required Bank Secrecy Act reports. Institutions seeking to contact FinCEN should call the FinCEN Resource Center at 1-800- 949-2732 and select option 8 or e-mail at FRC@fincen.gov.
FinCEN would also like to remind financial institutions about the potential for fraudulent transactions in the wake of disasters. Please see FIN-2017-A007- Advisory to Financial Institutions Regarding Disaster-Related Fraud (October 31, 2017).
Interagency Statement Regarding Financial Institutions and their Customers Affected by California Wildfires
The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the state regulators recognize the serious impact of the California wildfires on the customers, members, and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision. The agencies encourage institutions operating in the affected areas to meet the financial services needs of their communities.
Click here to read the joint statement, which also includes links to guidance for institutions affected by a major disaster from each regulator.
State of Emergency Declarations and Extraordinary Situation Proclamations
The Department of Business Oversight has determined that extraordinary situations exist in Butte, Ventura and Los Angeles counties and has issued proclamations authorizing state-chartered banks to close any or all of their offices in affected areas.
Additional Resources for Impacted Banks
Best Practices to Consider to Help Impacted Employees and Customers
Click here to review and consider implementing best practices to help bank employees and customers impacted by the fires.
Crisis Communications Toolkit
Click here to access the toolkit made available by the American Bankers Association.
Morrison & Foerster Releases Fall 2018 California Wildfires Helping Handbook
The Handbook gathers in one place up-to-date, practical information on many subjects, including, among others: housing, government benefits, insurance, FEMA assistance, replacement of lost documents and fraud prevention.The Handbook specifically applies to those in Butte, Ventura, and Los Angeles Counties who have been affected by the Camp, Woolsey, and Hill wildfires. Click here to access.
For More Information
Make a Donation
Click here to donate to the Salvation Army Camp Fire Relief Fund.
Click here to donate to the Salvation Army Southern CA division to support victims of the Woolsey Fire.
Click here to make a donation to the Red Cross.