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

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 10
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We
are committed to provide, develop and retain a high performing and diverse workforce that fosters a healthy, safe and productive work
environment for our employees to maximize individual and organizational potential and position us as an employer of choice.

Employee
Profile. As of December 31, 2024, we had 103 full-time employees and 1 part-time employee. Our
employees are not covered by a collective bargaining agreement. We consider our relationship with our employees to be good and have not
experienced interruptions of operations due to labor disagreements.

Compensation
and Benefits. We believe our competitive compensation and benefits package, along with our positive
and inclusive work environment, bring out the best in our employees. We have designed our compensation program around the philosophy
of mutual respect and the continued success of our organization. We know that our most valuable asset is our people. We offer competitive
benefits to our employees and their families. These programs include a 401(k) plan with an employer matching contribution, an Employee
Stock Ownership Plan (ESOP), healthcare and insurance benefits, flexible spending accounts, paid time off, tuition reimbursement, volunteer
and parenting leave and an employee assistance program.

We
annually review benefit programs and compensation programs to seek to ensure that we remain competitive in our markets to meet the needs
of our employees and their families.

Learning
and Development. Our goal is to better equip our managers and leaders with the most effective
resources and tools to succeed in their roles. We want to create strong leaders with a platform that allows open communication, provides
consistency across regions as well as fosters growth and development. Our goal is to establish strong leaders who will be able to effectively
engage their employees to meet and reinforce the mission and goals of the Bank. We have internal programs for emerging managers and leaders
that are designed to train and enhance the skills of our employees to promote career advancement from within our company. In addition,
we facilitate the educational and professional development of our employees through financial support to attend conferences and obtain
degrees, licenses and certifications while employed by us.

Available
Information

On November 13, 2023,
the date our joint registration statement on Form S-4 was declared effective, Bancorp 43 became a reporting company pursuant to Section
15(d) of the Exchange Act and subsequent to that time filed annual, quarterly, and current reports on Forms 10-K, 10-Q, and 8-K with
the SEC. These reports are available on the SEC’s website