Item 3. Legal Proceedings
ITEM 3. LEGAL PROCEEDINGS
From time to time, the Company and the Bank are parties to various
legal proceedings in the ordinary course of their respective businesses, including proceedings to collect loans or enforce security interests.
In the opinion of management, none of these legal proceedings currently pending will, when resolved, have a material adverse effect on
the business, financial condition or results of operations of the Company or the Bank. However, given the nature, scope and complexity
of the extensive legal and regulatory landscape applicable to our business, including laws and regulations governing consumer protection
and fair lending, fair labor, privacy, and information security and anti-money laundering and anti-terrorism laws, we, like all banking
organizations, are subject to heightened legal and regulatory compliance and litigation risk.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.