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Financial Services Law Insights and Observations

Alabama State Banking Dept. reminds businesses on continuity planning

State Issues Business Continuity Licensing Covid-19 Alabama

State Issues

On March 12, the Alabama State Banking Department issued a reminder that business continuity planning should be reviewed and updated because the Department plans to maintain normal operations regarding licensure and examination amid the Covid-19 outbreak. Licensees should immediately notify the Department of any circumstances that require the closure, relocation, or remote work program and any efforts taken to work with customers.