Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • The merger with UHC resulted in $143 million in annualized cost-savings, exceeding the $135 million target.
  • The company may face significant uninsured liabilities due to legal or regulatory actions, impacting financials.
  • Interest rate benchmark reforms may have unexpected adverse consequences, affecting financial condition.
  • The company relies on bank deposits as a low-cost funding source, with $694 million in unrealized losses.
  • The company faces risks from natural disasters in the Northwest and Northern California regions.
  • Financial holding company status requirements could impact business operations if not met.
  • The company's ability to attract and retain deposits may be affected by competition and interest rate fluctuations.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=887343&owner=exclude

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