By Ted Knutson
WASHINGTON, Sept. 5 (Thomson Reuters Accelus) - Post-Hurricane Katrina disaster preparations helped banks weather the storm after last week’s Hurricane Isaac, Louisiana Office of Financial Institutions (Bank) Division Chief Examiner Sid Seymour told Thomson Reuters Monday.
“After Katrina in 2005, some bank locations were closed for weeks. But Isaac came in on the 29th, we had banks in the coastal parishes that were closed that day, on the next, bank staffers were doing damage (recovery) the next day and the day after, most locations were reopen,” the head state bank examiner said. (more…)