Risk Factors Update Summary
- Changes in economic conditions, geopolitical matters, and financial markets may adversely impact business operations.
- The success of the GrandSouth acquisition depends on successful integration and synergy between the two companies.
- Increased interest rates and inflation may negatively affect asset quality, deposit levels, loan demand, and earnings.
- Cybersecurity incidents could disrupt operations, lead to loss of critical information, and impact financial condition.
- Acquisitions pose risks such as integration challenges, dilution of tangible book value, and potential unknown liabilities.
- Failure to attract and retain skilled personnel may impact business operations and customer relationships.
- Liquidity risk could impair funding operations and jeopardize financial condition.
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=811589&owner=exclude
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