Regulatory Alerts2007-01-01
South Dakota Division of Banking Pandemic Planning Memo
The South Dakota Division of Banking issued this memorandum to state-chartered banks urging the revision or establishment of pandemic plans integrated into business continuity strategies. The directive highlights SDCL 51A-4-18, which permits banks to close branches during epidemics or emergencies provided they notify the Director promptly. Banks are further instructed to communicate closures to the public immediately and report them to the Division via email or telephone.
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