As Eastern Kentucky communities are devastated by catastrophic flooding that has killed at least 35 people over the past week, the American Bankers Association is encouraging bankers across the country to support disaster relief efforts contributing to the Kentucky Bankers Association’s Kentucky Bankers Relief Fund, which provides direct relief to affected bank workers. As of Monday morning, parts of the state were still under a flood warning and forecasts called for more rain.
At least 23 bankers from six Kentucky institutions were directly affected by the disaster. KBA has already tried to provide immediate financial assistance to bank employees, including one whose house was completely destroyed by the floods. KBA also sent $5,000 directly to Manchester’s First National Bank to help local relief efforts in the community. The association will continue to monitor the situation and provide relief to Kentucky communities through the fund as the extent of the damage becomes known.
In addition, the OCC today published a proclamation allowing national banks and federal savings associations affected by the weather to close. The OCC reminded banks of its supervisory guidelines on natural disasters and other emergencies.