Coronavirus (COVID-19) Information

Coronavirus (COVID-19) Information

The Mississippi Bankers Association has developed this page of resources regarding Coronavirus (COVID-19) to help keep Mississippi banks informed as they plan and prepare for the disease. More information will be added as it becomes available. 

Mississippi Bankers Association Resources

Press Release: MBA and Mississippi Banks address Coronavirus Pandemic

Press Release: Banks Essential Under Executive Order: Your Money is Safe, Sound, and Easily Accessible 

(4/2) Press Release: Banks Essential, Remain Open under Shelter in Place

March 19 Webinar - Coronavirus - Check Your Pandemic Plan and BCP-Recording available for 60 days

April 6 Webinar - Pandemic Planning - A New Reality, New Regulatory Guidance, Are You Prepared

Questions for Board Discussion on Pandemic Preparedness

(4/2) State Association Letter regarding PPP

Mississippi Resources 

DBCF Guidance for Financial Institutions

Mississippi Emergency Management Agency (MEMA)-Build Your Supply Kit 

MEMA Coronavirus COVID-19 Update

Mississippi State Department of Health

University of Mississippi Medical Center Updates 

Governor Reeves' Executive Order on the COVID-19 Preparedness and Response

Additional Executive Orders from Governor Reeves that may affect banks: 
       1460: Concerning public schools closures 
       1462: Concerning suspension of MDES garnishments and collections efforts
       1463: Concerning Banks as Essential Services
       1466: Concerning Statewide Shelter-in-Place                                                                                                       1467: Temporary Authorization of Remote Notarization                                                                                   1469: Suspending Physical Shareholder Meeting Requirement                                                                         1477: Transitioning to Safer-at-Home

(4/24) Safer-at-Home FAQs

Governor Reeves Press Release on Mortgage Assistance for Homeowners

Mississippi Home Saver Program Website 

List of Chancery Clerk and County Office Operations

FEDERAL REGULATORS AND AGENCIES

Interagency/FFIEC

Interagency Interim Final Rule on Liquidity Coverage Ratio Rule

Interagency Guidance on Loan Modifications and Reporting - Modified April 7, 2020

Interagency Guidance on Loan Guidance - March 22, 2020

(4/14) Joint Regulatory Agencies Interim Final Rule Deferring Real Estate Appraisals and Evaluations

FFIEC Interagency Statement on Pandemic Planning 

FFIEC Business Continuity Management Booklet 

Joint Statement on CRA Consideration for Activities in Response to the COVID-19 

Federal bank regulatory agencies issue interim final rule for money market liquidity facility (3/19)

Federal Reserve/FDIC/OCC Joint Regulatory Capital Rule: Revising Definition of Eligible Retained Income

Federal Banking Agencies Encourage Banks to Use Federal Reserve Discount Window

Joint Regulatory Agencies Policy Statements Concerning Branch Closing Notices and Policies

Joint Regulatory Agencies Statement on Supervisory and Enforcement Practices Regarding Mortgage Servicing Rules in Response to COVID-19

 

FDIC

(5/12) Chairman McWilliams Testimony Before U.S. Senate Banking Committee

(5/11) FDIC Proposed Rulemaking Mitigating Effects of PPP Loans, PPP Lending Facility, and Money Market Liquidity Facility

FDIC Press Releases (Including link to "Guidance for Bankers and Consumers")

FDIC Dallas Region DCP Newsletter - 1Q 2020

FDIC FAQs for Customers 

FDIC FAQs for Financial Institutions

 

OCC

OCC Resource Page - COVID-19 

OCC COVID-19 FAQs for National Banks & Federal Savings Associations – updated 4/16 

(3/19) OCC Bulletin Answering Questions on Use of Capital and Liquidity Buffers

(3/13) OCC Bulletin on Working with Customers Affected by COVID-19

OCC COVID-19 FAQs

 

Federal Reserve

(5/11) Federal Reserve Term Sheet on Municipal Liquidity Facility

(5/11) Federal Reserve FAQs on Municipal Liquidity Facility

Board of Governors of the Federal Reserve System

(4/17) Federal Reserve FAQ on Primary and Secondary Market Corporate Credit Facilities 

Federal Reserve FAQs on Commercial Paper Funding Facility

Federal Reserve Provides Additional Information on How its Supervisory Approach is Adjusting

Federal Reserve Announces Facility to Provide Term Financing Backed by PPP Loans

Federal Reserve Supervisory and Regulatory Actions

Federal Reserve COVID-19 Supervisory and Regulatory FAQs

 

Treasury

U.S. Department of the Treasury 

CARES Act Section by Section 

 

CFPB

CFPB - Protecting Your Finances during the Coronavirus Pandemic

CFPB - Supervisory and Enforcement Practices Regarding Fair Credit Reporting Act and Regulation V in Light of the CARES Act

CFPB - Supervisory and Enforcement Practices Regarding the Remittance Rule in Light of the COVID-19 Pandemic

CFPB - COVID-19 Mortgage Servicing Rules FAQs

(4/16) CFPB Final Rule Raising Data Reporting Thresholds Under the Home Mortgage Disclosure Act

CFPB - Treatment of Pandemic Relief Payments Under Regulation E and Application of the Compulsory Use Prohibition

 

Conference of State Bank Supervisors

CSBS COVID-19 Resources

 

FinCEN

(3/16) FinCEN Encourages Financial Institutions to Communicate Concerns Related to the Coronavirus Disease and to Remain Alert to Related Illicit Financial Activity

 

FHFA

(3/18) FHFA Suspends Foreclosures and Evictions for Enterprise-Backed Mortgages

 

Fannie Mae/Freddie Mac

(4/10) Fannie Mae Forbearance Script

(4/15 Freddie Mac Forbearance Script

 

HUD

(3/18) Mortgagee Letter - Foreclosure and Eviction Moratorium due to COVID-19 

 

IRS

IRS Form 941 Employee Retention Credit for Employers Subject to Closure Due to COVID-19 Crisis

Coronavirus Tax Relief Webpage 

IRS FAQS on Coronavirus-related Relief for Retirement Plans and IRAs

 

CFTC

Coronavirus (COVID-19) Website

 

NATIONAL CORONAVIRUS HEALTH RESOURCES

Centers for Disease Control and Prevention (CDC)

CDC Coronavirus Disease 2019 Situation Summary

CDC's Interim Guidance for Businesses and Employers 

CDC Business Pandemic Planning Checklist

CDC Communication Resources

CDC Safety Practices for Employees Possibly Exposed to COVID-19

 

FEMA

Coronavirus Emergency Management Best Practices 

 

World Health Organization (WHO)

World Health Organization (WHO) 

World Health Organization Advice for Public 

 

Department of Health and Human Services (HHS)

HHS COVID-19 Updates

 

National Institutes of Health (NIH) 

National Institutes of Health Coronavirus Resources

 

Department of Homeland Security (DHS)

CISA Risk Management for Novel Coronavirus (COVID-19) - updated 4/20

 

Miscellaneous 

Map of Coronavirus World Spread

IHME COVID-19 Projections by Country/State, etc. 

 

HR/EMPLOYMENT RESOURCES

Equal Employment Opportunity Commission (EEOC)

EEOC Employment FAQs on COVID-19- Related Issues - updated 4/17

 

Occupational Safety and Health Administration (OSHA)

Occupational Safety and Health Administration Resources 

OSHA - Protecting Workers from Potential Exposure to 2019-nCOV

OSHA - Guidance on Preparing Workplaces for an Influenza Pandemic

Worker Exposure Risk to COVID-19

Interim Enforcement Response Plan for Coronavirus Disease 2019 (COVID-19)

 

IRS

COVID-19 Tax Credits for Required Paid Leave 

 

Miscellaneous

Coronavirus (COVID-19) Workplace Tips for Employees 

Guidance for Employers to Plan and Respond to Coronavirus

(4/21) Confronting COVID-19: An Analysis of Surface Contamination Risks 

 

NATIONAL BANKING TRADE GROUP RESOURCES

ABA

(4/29) ABA Joint Webinar on Best Practices for Re-Opening

(4/22) State Bankers Association Letter Opposing Credit Union Business Lending Authority 

American Bankers Association - Coronavirus Disease 2019

ABA FAQs on CARES Act

(4/24) ABA Webinar - COVID-19 Forbearance Challenges

(4/24) ABA Webinar Materials - COVID-19 Forbearance Challenges

(4/23) ABA Webinar - Finding Opportunity in Economic Crisis 

(4/21) ABA Webinar - Safeguarding Older Customers from Scams Amid the Pandemic 

(4/21) ABA Staff Analysis on Interim Final Rule Deferring Real Estate Appraisals for Certain Transactions

(4/16) ABA Analysis on DOL Rule for Implementing Paid Leave Provisions of Families First Act

(4/13 ABA Webinar Materials on Families First Act Paid Leave Requirements and Tips

(4/10) OCC Response to ABA on FEMA Extension of Grace Period for NFIP Policies

(3/19) ABA Coronavirus Communications Toolkit for Banks 

(3/27) ABA Banking Industry Common Practices for Confronting COVID-19

(3/27) ABA COVID-19 & Banking FAQs

ABA March 31, 2020 Webinar Recording - What Banks Need to Know about CARES Act

ABA March 12 Preparedness Webinar (Replay)-Login Required

ABA March 26 SBA Loan Webinar - Free to ABA Members - Recorded Webinar Available

ABA April 7 Planning for the New Normal Webinar

Agencies Temporarily Lower Community Bank Leverage Ratio to 8%

 

ICBA

Independent Community Bankers of America - Crisis Response and Preparedness Center

ICBA-Community Bank COVID-19 FAQs

 

FRAUDS AND SCAMS

U.S. Postal Inspection Service – Coronavirus Related Scams 

(3/18) FDIC: Insured Bank Deposits are Safe; Beware of Potential Scams Using the Agency’s Name

Beware of Criminals Pretending to be WHO 

FTC - Coronavirus: Scammers Follow the Headlines 

Investor Alert: Look Out for Coronavirus-Related Investment Scams 

 

Mississippi Bank Branch Updates
Banks across the state are closely reviewing their operations and updating how they operate to best protect their customers, employees, and the community they serve. We are compiling the branch updates below as we are aware of them. Check back often as this will likely be an ever-evolving and fluid list during this challenging situation as banks search for the best way to serve their customers and protect the health of everyone involved. 

BancorpSouth  -  Drive-thru service only and lobby by appointment as of March 20, 2020. 

Bank of Anguilla  -  Restricting public access to lobbies beginning Monday, March 23, 2020. 

Bank of Benoit  -  Restricted lobby access; drive-thru open; other business conducted by appointment as needed.

Bank of Brookhaven  -  Lobby access restricted to appointments only as of Monday, March 23, 2020. 

Bank of Commerce  -  Lobby access restricted; transactions handled at drive-thru.  

Bank of Forest  -  Lobby access restricted. 

Bank of Franklin  -  Lobby access restricted to appointments beginning March 23, 2020. 

Bank of Holly Springs  -  Lobby access restricted to appointments only. 

Bank of Kilmichael  -  Lobby access is appointment only. Drive-thru, ATMs, etc, regular hours. 

Bank of Morton  -  Lobby access restricted; drive-thru for all transactions beginning Monday, March 23, 2020. 

Bank of Wiggins  -  Operating as normal as of March 20, 2020.

Bank of Winona  -  Lobby by appointment only, post health screening. Drive-thru and hours remain the same. 

Bank of Yazoo  -  Drive-thru access only effective March 20, 2020.

BankFirst  -  Lobbies restricted to appointment only as of March 23, 2020. 

BankPlus  -  Effective March 20, 2020, all branches will be drive-thru service only. Regular lobby access restricted. 

BNA Bank  -  Lobby access restricted to appointment only as of March 20, 2020.  Modified staff. 

Cadence Bank  -  Lobby access by appointment; drive-thru access for all other transactions. 

Citizens Bank, Byhalia  -  Lobby access restricted to appointment only; drive-thru for other transactions.

Citizens Bank, Columbia  -  Lobby access restricted to appointment only; drive-thru for other transactions.

The Citizens Bank, Philadelphia  -  Lobby access restricted at branches with drive-thru option. One customer at a time at other branches. 

Citizens Bank and Trust  -  Lobby access by appointment only; drive-thru access for all other transactions. 

Cleveland State Bank  -  Lobbies by appointment only starting March 20, 2020. 

Commerce Bank  -  Operating as normal. 

Commercial Bank  -  Lobby access restricted; drive-thru where an option. 2 customer limit at locations with no drive-thru. 

Community Bank  -  Restricted lobby access beginning Monday, March 23, 2020. 

Community Spirit Bank  -  Lobby access by appointment only. 

Concordia Bank  -  Lobby access by appointment; drive-thru access for all other transactions. 

Copiah Bank  -  Limiting lobby access at all locations to 2 customers and maintaining 6 feet distance between people

Covington County Bank  -  Lobby access restricted; drive-thru for other transactions

Farmers and Merchants Bank  -  Lobby access restricted; drive-thru access with extended hours 8 to 6 beginning Monday, March 23, 2020. 

The First, ANBA  -  Lobby access by appointment; drive-thru for other transactions. 

First American National Bank  -  Operating as normal; 6 ft space required between customers. 

First Bank  -  Lobby access restricted to appointment only beginning Monday, March 23, 2020. 

First Choice Bank  -  Restricting lobby access to appointment only; drive-thru access as of March 20, 2020. 

First Commercial Bank  -  Southhaven and Oxford branches lobby access by appointment only starting Monday, March 23; no change to Ridgeland and Jackson branches yet.

First Federal Savings and Loan, Aberdeen  -  Restricting lobby access beginning Monday, March 23, 2020. 

First National Bank, Clarksdale  -  Lobby restricted to appointment only; drive-thru for all other transactions. 

First Southern Bank  -  Lobby access by appointment for loan customers. Drive-thru for other transactions beginning Monday, March 23, 2020. 

First State Bank, Holly Springs  -  Lobby access restricted. 

First State Bank, Waynesboro  -  Lobby access restricted to appointment only; transactions redirected to drive-thru. 

FNB Oxford  -  Restricted lobby access. No Saturday banking. 

FNB Picayune  -  Restricted lobby access; by appointment only. Drive-thru access for other transactions. 

Great Southern Bank  -  Lobby access by appointment only beginning Tuesday, March 24, 2020. 

Guaranty Bank and Trust  -  Lobby access by appointment only. 

Hancock Whitney  -  Some locations still full service; some restricted lobby access and drive-thru only. 

Holmes County Bank  -  Lobbies by appointment only; drive-thru for all other transactions; business customers at designated times. 

Home Bank  -  Restricting lobby access to appointment only; drive-thru for other transactions. Special shifts and cleanings starting Monday, March 23, 2020. 

M&M Bank (Merchants and Marine)  -  Restricting access to all branch lobbies until further notice 

Magnolia State Bank  -  Restricting lobby access and directing customers to drive-thru beginning March 20, 2020. 

Mechanics Bank  -  Drive-thru service and lobby by appointment only as of March 20, 2020. 

Merchants and Planters Bank  -  Drive-thru facilities open for all transactions; lobbies open by appointment. 

OmniBank  -  Operating as normal. 

Oxford University Bank  -  Lobby restricted to appointments; drive-thru for other transactions. 

Planters Bank  -  Lobby access by appointment as needed, beginning March 20, 2020. 

Peoples Bank & Trust  -  Lobby access by appointment; drive-thru for other transactions. 

Peoples Bank, Biloxi  -  Lobby access restricted

Peoples Bank, Mendenhall  -  Drive-thru access only; Richland branch offering curbside service. 

Peoples Bank, Ripley  -  Lobby access restricted. 

Pike National Bank  -  Broadway branch fully restricted; other branches drive-thru only with lobby by appointment. 

Planters Bank & Trust Co.  -  Lobby access limited to appointment only; drive-thru for other transactions. 

PriorityOne Bank  -  Restricting lobby access beginning Monday, March 23, 2020. 

Regions  -  Lobby access by appointment only effective March 19, 2020. Drive-thru regular hours. 

Renasant Bank  -  Drive-thru for all transactions. Lobby access restricted. 

Richton Bank and Trust  -  Limiting number of customers in lobby at one time. Operating as normal otherwise. 

RiverHills Bank  -  Drive-thru transactions and lobby by appointment only as of March 20, 2020. 

Southern Bancorp  -  Temporarily suspending lobby access

State Bank and Trust  -  Lobby access restricted to appointment only.

Sycamore Bank  -  Lobby access restricted; drive-thru for all other transactions. 

Trustmark  -  Most branches drive-thru with lobbies appointment only starting March 23, 2020. Select branches full service still. 

United MS Bank  -  Lobby access restricted to appointment as needed.