10 The annual conference is jointly-sponsored by the Federal Reserve System, the Conference of State Bank Supervisors, and the Federal Deposit Insurance Corporation. -4and five emergency evacuations of Montecito, California. 11 Within 24 hours of the wildfires and mudslides, the community bank declared an emergency and began executing its disaster response strategy.
12 The bank used a wide range of communication channels, from Facebook to text messaging, to keep in touch with its employees and its customers. It created a disaster assistance package for personal and small business borrowers. The bank offered new lines of credit (including a 24-hour turnaround on small business lines).