Company: BCTF
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001552781-25-000058
Chunk: 254

Company: Bancorp 34, Inc.
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1A
Chunk 254
---
 to implement
our growth strategy, which could adversely affect our business, financial condition and results of operations. 

Combining
Bancorp 34 and CBOA may be more difficult, costly or time-consuming than expected and we may fail to realize the anticipated benefits
and cost savings of the merger.

The
success of our merger with CBOA will depend, in part, on the ability to realize the anticipated cost savings from combining the businesses
of Bancorp 34 and CBOA. To realize the anticipated benefits and cost savings from the merger, we must successfully integrate and combine
the businesses in a manner that permits those cost savings to be realized. If we are not able to successfully achieve these objectives,
the benefits of the merger may not be realized fully or at all or may take longer to realize than expected. In addition, the actual cost
savings and benefits of the merger could be less than anticipated, and integration may result in additional unforeseen expenses.

An
inability to realize the full extent of the benefits of the merger, as well as any delays encountered in the integration process, could
have an adverse effect on our revenues, levels of expenses and operating results, which may adversely affect the value of our common
stock.

It
is possible that the integration process could result in the loss of key employees, the disruption of our ongoing business or inconsistencies
in standards, controls, procedures and policies that adversely affect our ability to maintain relationships with clients, customers,
depositors and employees or to achieve the benefits and cost savings of the merger. Integration efforts may also divert management attention,
which may have an adverse effect on the combined company.

40

We
depend on our executive officers and other key employees, and our ability to attract additional key personnel, to continue the implementation
of our long-term business strategy, and we could be harmed by the unexpected loss of their services.

We believe our future
success will depend in large part on the skills of our executive officers and other key employees and our ability to motivate and retain
these individuals, as well as our ability to attract, motivate and retain highly qualified senior, middle management and other skilled
employees. Our business is primarily relationship-driven in that many of our key personnel have extensive customer or asset management
relationships. Loss of key personnel with such relationships may lead to the loss of business if the customers were to follow that employee
to a competitor or if asset management expertise was not replaced in a timely manner. Competition for employees is intense, and the process