By Steven Fisher
As a 110-year outdated neighborhood financial institution, nothing is extra essential than the security and well being of our workers, prospects and communities. F&M Financial institution, together with banks throughout our nation, has taken prudent and efficient steps to arrange for the coronavirus pandemic.
Each buyer will be assured that their financial institution is ready, their deposits are protected and that they may have continued entry to their funds and banking providers. All banks are required by legislation to have in depth catastrophe restoration plans in place to guard buyer accounts and entry to funds. State and federal regulators together with business consultants routinely study and check every financial institution on their preparations.
F&M Financial institution and the U.S. banking business as an entire is coming into the present coronavirus disaster from a place of energy due to document capital and liquidity ranges in addition to prudent planning and robust danger administration.
Make no mistake, this can be a well being care disaster, and one of the best ways to restrict the financial injury is to comply with the steerage of the Facilities for Illness Management and trusted well being care professionals so we are able to include the virus as shortly as doable. Within the easiest of phrases, keep dwelling. This well being care disaster can have a major financial affect, and America’s banks will do their half to restrict that affect and assist pave the highway to restoration.
F&M Financial institution and banks of all sizes are responding to the wants of particular person and enterprise prospects instantly impacted whereas persevering with to execute our personal enterprise continuity plans beneath difficult and continually altering circumstances. Now we have a wide range of buyer help packages designed to scale back the financial affect of this disaster on our prospects and to help them in overcoming the challenges forward.
The one factor you’ll be able to rely on in these occasions of uncertainty is the security of your cash on the financial institution.
F&M Financial institution has weathered two world wars, the Nice Despair, the Nice Recession and a number of nationwide disasters and well being threats, together with pandemics. Your cash is safe, insured by the Federal Deposit Insurance coverage Company and you’ll have entry to those funds. Whether or not utilizing your debit card, cellular gadget, on-line banking, ATM, telebanking or have to see us in particular person (through drive-thru or a foyer appointment), we can be right here to serve you. The American banking system is completely the most secure, most accessible place on your funds throughout an occasion like this.
We encourage our prospects to succeed in out and tell us if they’ve been impacted by the pandemic. We stand prepared to debate a variety of help choices, relying in your circumstances.
Two essential issues to bear in mind:
• You may have time and we’ll work with you to evaluate your choices
• The media strikes sooner than the laws or the help packages. Most of the packages you’ll have heard about haven’t but been established. We’re working carefully with these businesses to attach you as shortly as doable. Know that we’ll be right here to help you.
Monetary providers are designated as “important providers.” Even within the occasion of a “stay-at-home” or “shelter-in-place” order, your F&M Financial institution private banker can be obtainable that will help you navigate these unchartered waters.
Now we have taken precautions within the areas of social distancing, limiting publicity of our workforce and elevated ranges of particular person hygiene and workplace/drive-thru/ATM cleansing practices to ensure that we’re right here to fulfill your wants.
We can be right here for you within the midst of the storm and after it passes to assist rebuild. Stand quick, and don’t overlook to clean your palms. We’ll get by this collectively (by standing aside).
Steven Fisher is chairman and CEO of Salisbury-based F&M Financial institution.