Community Banks

Business Protector for Community Banks™

Federal regulatory agencies have established strict requirements for business continuity and disaster recovery governing all financial institutions. Business Protector is the tool suite of choice for financial institutions of numerous types and sizes, including many community, midsize  and global banks as well as credit unions. To fully meet the needs of the financial sector, Business Protector was designed to conform to numerous governing standards and best practices dictated by:

  • Federal Financial Institutions Examination Council (FFIEC)
  • Federal Deposit Insurance Corporation (FDIC)
  • Office of the Comptroller of the Currency (OCC)
  • Office of Thrift Supervision (OTS)
  • The Federal Reserve

Recognizing the community bank as a distinct type of financial institution, Business Protector for Community Banks™ is tailored to the specific needs of regionally-focused financial institutions, with a comprehensive collection of planning and documentation templates to help your BCP-responsible personnel hit the ground running with your BC/DR program. Business Protector for Community Banks integrates these templates with its intuitive “table of contents”-style interface and host of document management,  data management, user administration and reporting features to provide you with Business Continuity Planning Software that Just Works.™

Best Practices: FFIEC
The Federal Financial Institutions Examination Council (FFIEC) has published a comprehensive business continuity planning guide for all financial institutions. This is considered the industry standard for compliance and should be used by all financial institutions in their planning and recovery efforts. Business Protector for Community Banks incorporates the standards from the FFIEC guide in its methodology, and is designed to work hand and hand with this guide.

The FFIEC handbook specifies that financial institutions should create a thorough Business Continuity Plan appropriate to the size and complexity of the institution, with the goal of minimizing financial losses to the institution, maintaining service to customers and financial markets, and mitigating disruptions to operations.

According to the handbook, a financial institution’s board and senior management are responsible for overseeing the business continuity planning process, which includes:

  • Establishing policy by determining how the institution will manage and control identified risks
  • Allocating knowledgeable personnel and sufficient financial resources to implement the BCP
  • Ensuring that the BCP is independently reviewed and approved at least annually
  • Ensuring employees are trained and aware of their roles in the implementation of the BCP
  • Ensuring the BCP is regularly tested on an enterprise-wide basis;
  • Reviewing the BCP testing program and test results on a regular basis
  • Ensuring the BCP is continually updated to reflect the current operating environment

(Download the complete FFIEC handbook ››)

Learn more about the many features and benefits in all editions of Business Protector ››