Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 12

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1
Chunk 12
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;

    ·
    Establishing the Consumer Financial Protection
    Bureau (the “CFPB”);

    ·
    Capping interchange fees that certain banks charge
    merchants for debit card transactions;

    ·
    Imposing more stringent requirements on mortgage
    lenders; and

    ·
    Limiting banks’ proprietary trading activities.

There are many provisions
in the Dodd-Frank Act mandating regulators to adopt new regulations and conduct studies upon which future regulation may be based. While
some have been issued, many remain to be issued. Governmental intervention and new regulations could materially and adversely affect
our business, financial condition and results of operations.

13

Bank
Holding Company Regulation

We own 100% of the outstanding
capital stock of the Bank, a federal savings association which elected to be treated as a “covered savings association” in
January 2023, and, therefore, we are considered to be a bank holding company registered under the federal Bank Holding Company Act of
1956 (the “BHC Act”). As a result, we are primarily subject to the supervision, examination and reporting requirements of
the Federal Reserve under the BHC Act and its regulations promulgated thereunder.

 Permitted
Activities

Under the BHC Act, a
bank holding company is generally permitted to engage in, or acquire direct or indirect control of more than 5% of the voting shares
of any company engaged in, the following activities:

    ·
    banking or managing or controlling banks;

    ·
    furnishing services to or performing services
    for our subsidiaries; and

    ·
    any activity that the Federal Reserve determines
    to be so closely related to banking as to be a proper incident to the business of banking.

Activities that the
Federal Reserve has found to be so closely related to banking as to be a proper incident to the business of banking include:

    ·
    factoring accounts receivable;

    ·
    making, acquiring, brokering or servicing loans
    and usual related activities;

    ·
    leasing personal or real property;

    ·
    operating a non-bank depository institution, such
    as a savings association;

    ·
    trust company functions;

    ·
    financial and investment advisory activities;

    ·
    conducting discount securities brokerage activities;

    ·
    underwriting and dealing in government obligations
    and money market instruments;

    ·
    providing specified management consulting and
    counseling activities;