How you can help, resources and more information
How CBA Is Helping
CBA has been reaching out to our bankers affected by these fires to
express our concern, and offer our assistance and support. We know that
they are doing everything within their control to assure their
employees, customers and others in the community are receiving the
support that they may need in this time of crisis. If your bank has been
impacted by these fires and CBA has not yet reached out to you, please
contact us and let us know if there is any way we can be of assistance.
On the regulatory front, CBA has been, and remains, in contact with
state and federal regulators to facilitate open communication channels
regarding the impacts on supervised financial institutions. The governor
has issued an Executive Order to expedite recovery efforts in communities impacted by the wildfires.The DBO has also issued orders
authorizing closure of state-chartered bank offices located in Napa,
Sonoma, Yuba, Butte, Lake, Mendocino, Nevada, Solano and Orange counties
due to the wildfires.
The Federal Home Loan Bank of San Francisco has also announced disaster relief efforts, including increasing CIP and ACE program limits and the availability of matching funds for disaster relief donations.
The FDIC has announced steps to provide regulatory relief
to financial institutions and facilitate recovery in areas of
California affected by recent wildfires. The FDIC is encouraging banks
to work constructively with borrowers experiencing difficulties beyond
their control because of damage the fires. It will also consider
regulatory relief from certain filing and publishing requirements.
The Financial Crimes Enforcement Network has also directed banks
affected by the California wildfires to contact FinCEN and their
functional regulators as soon as possible to discuss any delays in their
ability to file Bank Secrecy Act reports.
How You Can Help
Relief for those impacted by the fires is being provided by several
charitable organizations, as well as private businesses and individuals:
- The American Red Cross has established a webpage regarding their Northern California wildfire relief efforts which includes several resources for those directly impacted, as well as opportunities for individuals to provide financial contributions.
- The Salvation Army has also mobilized staff and volunteers to provide meals to evacuees at designated disaster relief centers in the affected counties. Information regarding their Northern California response efforts can be found here, and here, for their Southern California relief efforts.
How to Stay Informed on the Latest
Consumers may visit their bank’s website for the latest information on branch closures. Fire victims can also apply for property tax relief. Click here for more information.Please visit CalFire’s website at www.fire.ca.gov/ and the Governor’s Office of Emergency Services website here for the latest fire information.
Follow CBA on Twitter, Facebook and LinkedIn for the latest information from our member banks.