Risk Factors Update Summary
- Expanding service capabilities through new corporate and investment banking and middle market commercial banking divisions.
- Pending investment in Qualpay, Inc. to enhance digital banking solution.
- Leadership changes and transitions may disrupt business operations and client relationships.
- Increased labor costs and difficulty in attracting and retaining employees due to recent employee changes.
- Potential increase in funding costs and loss of deposits affecting financial condition and results of operations.
- Transition away from LIBOR may increase litigation risk and impact financial stability.
- ESG risks could negatively affect reputation and relationships if not managed responsibly.
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=18349&owner=exclude
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