Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 274

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1A
Chunk 274
---
 enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder, and Section 22 of the Securities
Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the
Securities Act or the rules and regulations thereunder.

Therefore, claims arising
under the Exchange Act may not be brought in state courts, while claims arising under the Securities Act may be brought in either federal
or state courts. Bancorp 34’s shareholders will not be deemed, as a result of the existence or enforcement of these exclusive forum
provisions, to have waived Bancorp 34’s compliance with the federal securities laws and the rules and regulations thereunder. Bancorp
34 believes that requiring these claims to be filed in the state of Maryland is advisable because (i) doing so avoids unnecessarily redundant,
inconvenient, costly, unnecessary, time-consuming and sometimes lawyer-driven litigation in multiple forums and (ii) Maryland courts
are authoritative on matters of Maryland law and Maryland judges have more experience in dealing with issues of Maryland corporate law
than judges in any other state.

This exclusive forum
provision may limit a stockholder’s ability to bring a claim in a judicial forum that the stockholder believes is favorable for
disputes with Bancorp 34 or its directors, officers or employees, which may discourage meritorious claims from being asserted against
Bancorp 34 and its directors, officers and employees or may cause a stockholder to incur additional expenses by having to bring a claim
in a judicial forum that is different from where the stockholder resides, or both. Alternatively, if a court were to find this provision
of the Bancorp 34 articles of incorporation inapplicable to, or unenforceable in respect of, one or more of the specified types of actions
or proceedings, Bancorp 34 may incur additional costs associated with resolving such matters in other jurisdictions, which could adversely
affect its business, financial condition, or results of operations.

52

Item
1B. Unresolved Staff Comments

None.

Item
1C. Cybersecurity

Overview

The
cybersecurity threat environment is volatile and dynamic, requiring a robust and dynamic framework to reduce and mitigate cybersecurity
risk. Cybersecurity risk includes exposure to failures or interruptions of service or security breaches resulting from malicious technological
attacks that impact the confidentiality, integrity, or availability of our or third parties’ operations, systems, or data. We seek
to mitigate cybersecurity risk and