Expert Insights Finance

Bank failures can have significant repercussions for companies, even if a company is not an account holder of the failed bank. This checklist identifies the types of communications that a company should proactively make to impacted stakeholders.

In times of uncertainty, those banks that have a robust risk management framework, will have the ability to recognize and act quickly when a crisis event occurs.

This checklist outlines the steps to take if the bank used by your business should fail. It identifies important action items to follow to ensure continuing access to funds on deposit and for ensuring your obligations are met after a bank failure.

This checklist identifies the key steps you can take to determine risk exposure with respect to existing obligations such as payroll, escrow, and lines of credit, and sets forth best practices.