Banks Feel the Heat

California Wildfires Force Financial Institutions to Initiate Emergency Response Plans

Disaster Recovery / Business Continuity

UPDATED 10/31 -- For more than a week, wildfires ravaged Southern California, and financial institutions in the area were forced to temporarily close branches and initiate their emergency response plans.

The wildfires are slowing, and as firefighters work to extinguish the last of the fires, news has been positive from federal regulatory agencies regarding their institutions that were affected and their emergency response capabilities.

From the Office of Thrift Supervision, the number of OTS-supervised institutions affected by the California wildfires were under 10. (See related information

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