The Question Every Audit Committee Asks After SVB

"What is our exposure if our primary bank fails?" Before March 2023, this was a hypothetical question. Now it is on every healthcare audit committee agenda. Your CFO needs a one-pager that answers it.

The One-Pager Template

Five sections, half a page each.

Section one: total cash by bank. List every bank you hold balances at, with the current balance and the entity holding it. Most platforms underestimate concentration risk because they think in aggregate, not by counterparty.

Section two: FDIC coverage status. For each entity at each bank, list the FDIC-insured amount (typically $250K base, or up to $10M with IntraFi sweep), the uninsured amount, and the action item if uninsured exceeds policy threshold.

Section three: counterparty diligence. For each bank, document the partner bank status (FDIC-insured, IntraFi member, Federal Reserve member), capital ratios from the most recent regulatory filing, and any concerning trends.

Section four: contingency plan. If the primary bank fails on a Friday night, what happens to Monday's payroll? Which accounts have backup signers at a secondary bank? How fast can you move balances?

Section five: review and approval. Date of last review, next review scheduled, audit committee approval signature.

What Good Looks Like

Three signs the one-pager is doing its job.

1. No single bank holds more than 80% of your platform's cash. Concentration risk lives below that line.

2. Every entity has FDIC coverage, with documented IntraFi enrollment.

3. Your contingency plan has been tested at least once. Most CFOs assume the plan works. Few test it. Run a tabletop exercise quarterly.

The Sponsor Conversation

Your PE sponsor will want this one-pager included in the quarterly board package. If your sponsor has not asked yet, they will. Build it now and you control the narrative. Build it after they ask and you spend three weeks playing catch-up.