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Forward Looking Statements
Certain statements included herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, which we refer to as the
Securities Act. All statements other than statements of historical facts contained herein, including statements regarding our plans, objectives, goals, strategies, future
events, capital expenditures, future results, our competitive strengths, our business strategy and the trends in our industry are forward-looking statements. The words
“believe,” “may,” “could,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “appear,” “future,” “likely,” “probably,” “suggest,” “goal,”
“potential”and similar expressions, as they relate to us, are intended to identify forward-looking statements. All statements, other than statements of historical
fact, included herein regarding our financial position, business strategy and plans or objectives for future operations are forward-looking statements.
Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in the
forward-looking statements. For example, and in addition to the “Risk Factors” discussed in the Registration Statement on Form S-1 (Registration No. 333-166286),
risks and uncertainties can arise with changes in:
· general economic conditions, including current turmoil in the financial markets and the efforts of government agencies to stabilize the financial system;
· the adequacy of our allowance for loan losses and our methodology for determining such allowance;
· adverse changes in our loan portfolio and credit risk-related losses and expenses;
· concentrations within our loan portfolio, including our exposure to commercial real estate loans, and to our primary service area;
· changes in interest rates;
· business conditions in the financial services industry, including competitive pressure among financial services companies, new service and product offerings by
competitors, price pressures, and similar items;
· deposit flows;
· loan demand;
· the regulatory environment, including evolving banking industry standards, changes in legislation or regulation;
· our securities portfolio and the valuation of our securities;
· accounting principles, policies and guidelines as well as estimates and assumptions used in the preparation of our financial statements;
· rapidly changing technology;
· litigation liabilities, including costs, expenses, settlements and judgments; and
· other economic, competitive, governmental, regulatory and technological factors affecting our operations, pricing, products and services.
Readers are cautioned not to place undue reliance on any forward-looking statement, which reflects management’s analysis only as of the date of the statement.
Except as required by applicable law or regulation, we do not undertake, and specifically disclaim any obligation to update or revise any forward-looking
statements to reflect any changed assumptions, any unanticipated events or any changes in the future.
In addition, you should refer to the “Risk Factors” section of the Registration Statement on Form S-1 (Registration No. 333-166286) for a discussion of factors that
may cause our actual results to differ materially from those which may be inferred from our forward-looking statements. As a result of these factors, the
forward-looking statements herein may prove to be inaccurate. Furthermore, if our forward-looking statements prove to be inaccurate, the inaccuracy may be
material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by
us or any other person that we will achieve our objectives and plans in any specified time frame, if at all. Accordingly, you should not place undue reliance
on these forward-looking statements. All subsequent written and oral forward-looking statements attributable to us or the persons acting on our behalf
are expressly qualified in their entirety by the applicable cautionary statements.