After another tumultuous week I’d like to update you on steps SFNet is taking to address our collective interests in regard to the COVID-19 crisis. 

• SFNet’s Advocacy Committee is prioritizing initiatives to support of our bank, non-bank and service provider constituents.  These include analyzing the Coronavirus Aid, Relief, and Economic Security (CARES) Act expected to be enacted today, for specific opportunities to address the needs of our members and borrowers across asset classes and industries, as the focus now turns to implementation. 
• Shortly we will begin to post relevant links on SFNet.com to resources that inform and interpret the CARES Act and other pending monetary, fiscal and legislative actions. 
• We have commenced our free-to-members, Crucial Conversations Webinar series on subjects of critical importance to our community.  The growing list of programs can be found at SFNet.com.  We have begun publishing practical, thought leadership pieces related to the disruption by experts in specific disciplines.  Additional curated information resources are forthcoming.
• We are instituting interim membership benefits and support resources for any in our community who are displaced in this challenging environment.

As the changing landscape unfolds, our priority is to attend to the well-being of our people and our customers and to fulfill our mission of putting capital to work.  Continue to take care, and thank you for your commitment to our community as we lead the way forward.