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Jul 23, 2020

In this episode, Laurie Stewart will share what she is hearing from other Bank CEOs around the country as to what now, and what next, to mitigate credit risk as we head into the pandemic-related recession.
Fall back to the basics and pivot as needed as we grapple with a credit disruption unlike any in our experience.
Topics discussed in this episode:
1:27 None of us have lived through a pandemic before
2:30 The speed to remediate is much different this time
3:52 The regulators are helping
5:17 A leap of faith with the SBA and PPP
6:01 The risk decision is different for every banker
8:31 The Main Street Lending Program
10:30 Resources from the American Bankers Association
12:30 What we learned from the last recession that we can apply to this one
About Laurie Stewart:
Laura Lee (Laurie) Stewart, president and CEO of Seattle-based Sound Community Bank celebrates more than 30 years at the helm of Sound Community Bank. In that time, she led the conversion of the organization from a $38 million credit union to a commercial bank which grew to be more than $718 million in assets.
Stewart maintains a long history in community banking and participation in industry affairs. Stewart currently serves as the Chair of the American Bankers Association, representing the Nation’s $18.6 trillion banking industry and the employment of more than two million workers. She also holds a position on the board of directors for the Federal Reserve Bank of San Francisco’s Seattle Branch.
Previously, Stewart served as Chair of the Board of Directors of the Washington Bankers Association (WBA), where she helped create the WBA’s Executive Development Program. In addition, Stewart was one of 14 bankers selected to serve on the inaugural FDIC Advisory Board in 2009, and in 2012, she was named to the Community Bank Advisory Council of the Consumer Financial Protection Bureau.
In 2019, she was named Community Banker of the Year by American Banker and received an Executive Excellence award from Seattle Business Magazine. American Banker also named her as one of its Most Powerful Women in Banking in 2011, 2015, 2017, 2018, and 2019.
Sound Community Bank
2018 Credit Risk Ready Study
Go to page 20 for a focus on regulators and the regulatory environment.
American Bankers Association
Covid-19 Response Resources
A range of resources to assist banks as they respond to the COVID-19 pandemic. The resources are curated daily to include the latest actions and guidance from the federal government, a customizable matrix to help banks plan a safe return to normal operations, mortgage forbearance guidance, consumer tips and more.