4 unchanged sentences
In response to the COVID-19 pandemic, Federal, State and Local governments have taken preventative or protective actions, such as imposing restrictions on travel and business operations, advising or requiring individuals to limit or forgo their time outside of their homes, and ordering temporary closures of businesses that have been deemed to be non-essential.
−Removed: These restrictions and other consequences of the pandemic have resulted in significant adverse effects for many different types of businesses, including, among others, those in the travel, hospitality and food and beverage industries, and have resulted in a significant number of layoffs and furloughs of employees nationwide and in the markets in which we operate.
+Added: The initial restrictions and other consequences of the pandemic resulted in significant adverse effects for many different types of businesses, including, among others, those in the retail sales, travel, hospitality and food and beverage industries, and resulted in a significant number of layoffs and furloughs of employees nationwide and in the markets in which we operate.
+Added: Restrictions have been at least partially lifted nationally and within the Company's operating footprint with some level of economic recovery resulting.
+Added: An increase in virus spread or infection rates could result in restrictions being re-implemented with further negative impact to economic activity.
The ultimate effects of COVID-19 on the broader economy and the markets that we serve are not known nor is the ultimate length of the restrictions described above and any accompanying effects.
3 unchanged sentences
• unavailability of key personnel necessary to conduct our business activities
−Removed: • disruption resulting from having a majority of employees work remotely
+Added: • disruption resulting from having a significant percentage of employees work remotely
• repeated or sustained closures of our branch lobbies
2 unchanged sentences
• adverse conditions in financial markets may have a negative impact on our investment portfolio
−Removed: • adverse economic conditions result in a slowdown in municipal tax collections potentially impacting municipal loans, investment and deposit balances
+Added: • adverse economic conditions result in a slowdown in municipal tax collections potentially impacting municipal loans, investments, and deposit balances
• decline in credit quality of our loan portfolio leading to increased provisions for loan losses
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.