Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 11

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 11
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 at http://www.sec.gov. On January 6, 2025, we filed a Form 15
with the SEC which suspended our reporting obligations under Section 15(d) of the Exchange Act. This Annual Report on Form 10-K is expected
to be the final filing that we make as a result of our reporting obligations under Section 15(d) of the Exchange Act.

We also maintain a website
at www.swhbank.com. The information on, or accessible through, our website or any other website cited in this Annual Report on Form 10-K
is not part of, or incorporated by reference into, this Annual Report on Form 10-K. 

12

SUPERVISION
AND REGULATION

General

Bancorp 34 and the Bank
are subject to extensive banking regulations that impose restrictions on and provide for general regulatory oversight of their operations.
These laws generally are intended to protect consumers and depositors, rather than Bancorp 34 stockholders.

The following discussion
is not intended to be a complete list of all the activities regulated by the banking laws or of the impact of such laws and regulations
on our operations. It is intended only to briefly summarize some material provisions. The following summary is qualified by reference
to the statutory and regulatory provisions discussed. These statutes and regulations are subject to change, and additional statutes,
regulations, corresponding guidance, and executive orders may be adopted. We are unable to predict these future changes or the effects,
if any, that these changes could have on our business, revenues, and results of operations.

 Legislative
and Regulatory Developments

Although the 2008 financial
crisis has now passed, the legislative and regulatory response, including the Dodd-Frank Wall Street Reform and Consumer Protection Act
(the “Dodd-Frank Act”), will continue to have an impact on our operations.

The
Dodd-Frank Wall Street Reform and Consumer Protection Act

The Dodd-Frank Act was
signed into law in July 2010 and impacts financial institutions in numerous ways, including:

    ·
    The creation of a Financial Stability Oversight
    Council responsible for monitoring and managing systemic risk;

    ·
    Granting additional authority to the Federal Reserve
    to regulate certain types of nonbank financial companies;

    ·
    Granting new authority to the FDIC as liquidator
    and receiver;

    ·
    Changing the manner in which deposit insurance
    assessments are made;

    ·
    Requiring regulators to modify capital standards