Local banking industry untouched by coronavirus pandemic right now

SIDNEY - The banking industry, just like every other business preparing for the coronavirus pandemic, is pushing for people to stay calm when it comes to their money.

According to Platte Valley Bank Community President Mike Leininger, of Sidney, the affects of the coronavirus on the local banking industry and economy is unknown at this point, but he says your money is safer in the bank than at your home. 

"Because of FDIC insurance and Platte Valley Companies having addition cash available for ATMs and the vaults at various locations," Leininger said. "If people do want to have a little extra cash, fine. But it's probably a lot safer to keep it in the bank."

Leininger says nothing has changed with FDIC insurance since the outbreak began in late January. Each depositor is still insured up to $250,000.

Most banks are required to have a "pandemic plan" with a committee that will put the protocols in place when an event like the COVID-19 pandemic occurs, according to Leininger. 

"Basically education for our associates. Make sure we follow the basic guidelines. We have sanitizer at all the stations. Everybody is wiping down their stations. If you're sick, go home. If you're sick, stay home."

Platte Valley Companies took steps Wednesday to follow the recommendations of local, state and national leaders to practice social distancing for the safety of their customers, associates and families. Platte Valley Bank locations in Nebraska and Wyoming have restricted access to their lobbies. Customers can still access bank services through the drive-thru and by appointment.