Risk Factors Update Summary
- Five FDIC-insured banks failed between March to November 2023, three in a two-month period. This may erode customer confidence and cause market volatility.
- The company had approximately $26 million less in junior subordinated debentures outstanding in 2023.
- Recent banking industry volatility may lead to new legislation, regulations, and policy changes.
- Negative publicity risks, diminished depositor confidence, and bank-run threats could impact liquidity and operations.
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=315709&owner=exclude
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