Coronavirus News and Resources

Manage Today's Changing Economy at Your Financial Institution

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When Regulations Meet Reality: Coronavirus Crisis

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Community financial institutions are at the crossroads of local businesses and the national economy; however, regulatory obligations create unique challenges in responding to customers, employees, and other stakeholders as the coronavirus and its health and economic impacts spread.

Abrigo is here to provide up-to-date information and free resources to aid institutions in this time of rapid change and ambiguity. Our team of former financial institution C-suite, credit and risk executives, accountants, bank examiners, and BSA officers can provide additional support and guidance on coronavirus issues.

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Top 6 Areas We're Covering for You

Asset/Liability Management

A higher proportion of loans with lower credit ratings and the resulting increased need for liquidity; loan and deposit pricing, funding, and capital planning.

Portfolio Risk

How to stay on top of the risk in your portfolio by managing troubled debt, predicting expected credit losses, and evaluating the impact of current and future scenarios.

Lending and Credit

How to manage origination in the current environment, how to become more efficient in credit analysis, processing, and loan reviews without adding risk.

Regulatory News

Efforts by banking regulators to ensure financial institutions remain compliant with everything from capital ratios to SARs filing; relief proposals by regulators.

Operational Challenges

Business Continuity Plan issues such as work-from-home and staffing, as well as new cybersecurity threats and pivoting to new areas of demand.

Recovery Efforts

Proposals for new Small Business Administration funding as well as other initiatives to provide assistance and progress toward recovery.

Coming together is the beginning, staying together is a process,
and working together is success.
- Henry Ford
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Access The Latest

Abrigo Resources

How Lenders Can Prepare for The New SBA 7(a) Paycheck Protection Program
Financial institutions hoping to provide SBA 7(a) loans through the Paycheck Protection Program included in the stimulus plan should act now to prepare for small business borrowers seeking help due to the coronavirus crisis.

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Staying Compliant During a Pandemic
Join us for a discussion on the pressures and challenges facing BSA and fraud professionals during these unprecedented times, including contingency plans, maintaining compliance, and staying secure while working remotely.

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Fed Suspends Exams for Banks Under $100 Billion
The Fed will temporarily suspend examinations for banks with less than $100 billion in assets so all can concentrate on the coronavirus pandemic.

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Stimulus Bill Expands SBA 7(a) Opportunities for Financial Institutions
Financial institutions would have an opportunity to participate in a huge expansion of SBA lending programs under a bipartisan stimulus package expected to be voted on in the Senate late Wednesday.

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Additional Resources

Abrigo is here to help

We've helped community financial institutions manage risk and drive growth for more than two decades – through expansion years and uncertain times, such as the 2008 financial crisis and after 9/11. Our team can help with your needs, from portfolio risk and CECL, BSA/AML and fraud, or asset/liability management and deposit pricing. 

Advisory Services

Manage heightened liquidity and funding needs

ALM Advisory Services

Price loans, deposits for rapidly changing economic environments

Deposit Pricing Advisory Services

Understand depositor behavior, improve pricing betas, and update your ALM model with institution-specific assumptions

Core Deposit Advisory Services

Receive guidance on your expected credit losses and learn how your portfolio will react to different scenarios

Portfolio Risk/CECL Advisory Services

Get short- or long-term staffing relief with the help of our CAMS-certified staff for Suspicious Activity Report filing

BSA/AML Advisory Services

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Solutions

Allow borrowers to apply for loans without visiting a branch

Lending software

Speed up credit analysis without adding risk

 credit risk software

Streamline the loss allowance and manage troubled debt restructurings

ALLL Software

Identify problem loans through precise risk ratings

Risk Rating Software

Streamline SARs preparation and filing

BSA/AML Software

Stay ahead of the latest fraud trends and stop criminals

Fraud Prevention Software

Demo Abrigo Software

Other Resources

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