Item 1. Legal Proceedings
Item 1. Legal
Proceedings
In
the course of operations, we may become a party to legal proceedings in the normal course of business. At March 31, 2022, we do not anticipate
that the aggregate ultimate liability arising out of litigation pending or threatened against the Company or any of its subsidiaries
or to which the property of the Company or any of its subsidiaries is subject, in the opinion of management, will materially impact the
financial condition or liquidity of the Company.
On
April 20, 2022, the United States District Court for the Western District of Virginia issued summary judgment, in favor of the Bank,
dismissing all remining claims made in a lawsuit filed by a former employee in January 2021, alleging wrongful termination based on gender,
religion and age.
Item 1A. Risk
Factors
Not
Applicable.
Item 2. Unregistered
Sales of Equity Securities and Use of Proceeds
None.
Item 3. Defaults
Upon Senior Securities
None.
Item 4. Mine
Safety Disclosures
Not
Applicable.
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.