Southern Bank Equipment & ATMs’ Post

Banks in the hurricane's path are focused on finding employees and restarting operations. Those that do business in Western North Carolina are facing an especially grueling recovery. For daily news and analysis for the Banking subscribe to the Banking Peek newsletter here www.bankingpeek.com

Update: Hurricane Helene 🌀 While not yet officially a hurricane, soon-to-be Helene is projected to make landfall on Thursday. 🚨 We will continue to monitor the storm and provide updates. For now, we recommend taking some precautions when it comes to banking over the next few days: 💵 Withdraw Cash: Swing by your nearest ATM, it's always a good idea to have a little extra on hand in case of emergencies. 🏦 Visit Your Local Branch: If you need to take care of in-person banking tasks, pop into your local branch today. 📱 Access to Digital Banking: Make sure you can log into our online and mobile banking to take care of any banking needs virtually. Your financial well-being matters to us, and we're here to help if you have any questions or concerns. Stay safe, stay informed, and take care of yourselves and your loved ones. We're all in this together! 💪🌧️ Climate First Bank is Member FDIC | Equal Housing Lender #climatecrisis #sustainability #finance #banking #fintech #climatechange #investment #ClimateFirstBank #GreenBanking #SustainableFinance #EcoFriendlyBank #RenewableBanking #ClimateSolutions #SustainableInvesting #EcoFinance #ResponsibleBanking #financialliteracy #finance #investing

Are you ready for an emergency or disaster? Banking partners like Ledyard can help you create a comprehensive plan to safeguard your assets and minimize the impact of unforeseen events. September is National Preparedness Month, and the Independent Community Bankers of America (ICBA) recently shared tips to help you prepare for emergencies. Read the full article here: https://lnkd.in/exgqw5_k Today You can also visit https://www.ready.gov/ to empower yourself to prepare for, respond to and mitigate emergencies and disasters.

Are you ready for an emergency or disaster? Banking partners like Ledyard can help you create a comprehensive plan to safeguard your assets and minimize the impact of unforeseen events. September is National Preparedness Month, and the Independent Community Bankers of America (ICBA) recently shared tips to help you prepare for emergencies. Read the full article here: https://lnkd.in/exgqw5_k Today You can also visit https://www.ready.gov/ to empower yourself to prepare for, respond to and mitigate emergencies and disasters.

Update: Hurricane Milton🌀🚨 Please be aware of our updated branch closures: ❗ St Petersburg: Closed from tomorrow, October 8, through Thursday, October 10. ❗ Winter Park: Closed from Wednesday October 9, through Thursday, October 10. ❗ Mount Dora: Closed from Wednesday October 9, through Thursday, October 10. All branches plan to reopen and observe normal operating hours from 9:00 AM on Thursday, October 10, however, please note that these closures are subject to ongoing evaluation of the storm’s path and may be extended or modified, as necessary. Our team is committed to providing you with uninterrupted support and assistance. Online and mobile banking services will remain available, if you do need to speak to someone, please call us at (727) 335-0500 or email info@climatefirstbank.com ☎️ ✉️ Stay safe and stay informed! 💪🌧️ #HurricaneSafety #StayPrepared #CommunityStrong #climatecrisis #sustainability #finance #banking #fintech #climatechange #investment #ClimateFirstBank #GreenBanking #SustainableFinance #EcoFriendlyBank #RenewableBanking #ClimateSolutions #SustainableInvesting #EcoFinance #ResponsibleBanking #financialliteracy #finance #investing #Milton #HurricaneMilton

What's the latest in banking? #SBATraining - On Monday, October 21, the NCBA will host a free loan deferment and disaster loan training session over Zoom in partnership with the U.S. Small Business Administration. The session includes a Q&A opportunity, making it a valuable resource even if your operations weren’t directly affected by Hurricane Helene. #HurricaneHeleneUpdate - Hurricane Helene is now the U.S. mainland's second-deadliest storm since 1969's Hurricane Camille. Estimates of the total damage and economic loss to range from $225 billion to $250 billion. #FederalReserve - Federal Reserve Governor Michelle Bowman called for changes in how nonbanks are regulated, noting that banks are currently subject to a broader range of restrictions imposed by “regulatory requirements or the ‘soft’ power of supervision.” Find these stories and more in the #NCBankersBulletin -> https://lnkd.in/g49FEUwn

🌐 In a time where everything seems to be going digital—from payments to investing—it’s easy to forget that cash can still be essential. I was reminded of this during a recent hurricane evacuation when the power and communication networks went down. Without electricity, card payments weren’t an option—and cash was the only way to buy essentials. So, here’s the question: How prepared are you? Do you have enough cash on hand to weather a similar situation? It doesn’t matter if it’s $500 or $2,000—the amount should reflect what makes you feel secure. Take a moment to think about it. Emergencies can happen anytime, and cash might just be your safety net. #EmergencyCash #Preparedness #FinancialSecurity

🚨 I had to evacuate recently due to a hurricane, and it taught me an important lesson: cash isn’t obsolete. When power was down, so were card payment systems, and gas stations and stores could only accept cash. Many people were caught off guard. It’s easy to assume that in our digital world, cash doesn’t matter. But when systems fail, cash is often the only way to get what you need. As someone who’s spent years advising on financial security, I can’t stress enough the importance of being prepared. Ask yourself: How much cash would make me feel comfortable during a crisis? What would I need to cover a week’s worth of essentials? No need to panic—just plan. Cash gives you control when everything else is out of your hands. #EmergencyFund #CrisisPreparedness #InvestingForMeditators #MeditationForInvestors #Investing

According to the BofA report, there are 833,268 mortgages originated in the affected regions and securitized into residential mortgage-backed securities (RMBS), totaling $96 billion in unpaid principal balance (UPB). Most of them are in Florida (53%), followed by North Carolina (19%), South Carolina (18%), Georgia (8%) and Virginia (3%). The hurricane impacted 3,449 RMBS deals, with credit risk transfer (CRT), nonqualified mortgages (non-QMs), and second liens/home equity lines of credit having the highest exposure. The analysis shows that the delinquent balance on these loans — those more than 30 days overdue — is currently about $2 billion.

As a survivor of a natural disaster, I understand the urgent need to support those rebuilding after recent hurricanes. Financial institutions in affected areas, this message is for you: - #Homedepot and #Lowes collaborate with insurance adjusters for #instant payouts on essential supplies - Some families cannot access #instantpayments because their #bank is not onboarded to #fasterpayments #fednow #rtp rails for transactions - Traditional methods like mailing #checks can be challenging post-disaster, hindering access to crucial funds Want to know what this looks like for your customers? A story: My family didn't have a mailbox after the tornado hit. We couldn't forward our mail because we didn't move; the mailman stopped coming because the houses on our street were unlivable. We had to drive to the post office every other day to see if the check(s) came. And when we got our new mailbox, we still couldn't live in our house and had to drive to the mailbox to see if the check was there. It left such a stark impression on me how difficult it was to access money that we needed. And it happens to millions of people across the U.S. each year. 👏 Access to funds is critical for recovery. Let's ensure everyone has the financial services they need *now*. 👏 Sending love and support to all of my colleagues and friends in the affected areas. We see you. 🤍 TLDR: Faster payments are crucial for aiding recovery. Watch Kevin's video for more insights. #relief #payments #solutions Payments Professor "Kevin Olsen" Reed Luhtanen Greg Lloyd Kevin Miyamoto Erin Barbeau Audrey Blackmon Debbie Smart, CTP Nanci McKenzie