Item 2.02Results of Operations and Financial Condition
On
Item 7.01Regulation FD Disclosure
The Company has also made available on its website presentation materials containing additional information about the Company's financial results for the fourth quarter and full year ending 2022 (the "Presentation Materials"). The Presentation Materials are furnished herewith as Exhibit 99.2 and is incorporated by reference in this Item 7.01.
The information provided in Item 7.01 of this report, including Exhibit 99.2, shall not be deemed "filed" for any purpose, nor shall the information or Exhibit 99.2 be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended.
Item 8.01Other Events Regulatory Matters
There are ongoing investigations by federal and state governmental entities
concerning a prepaid debit card product program that was offered by the Company
through an independent program manager. These include investigations as to which
the Company is a subject by the
The Bank is in discussions with the
Forward Looking Statement Disclaimer
This report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include but are not limited to the Company's future financial condition and capital ratios, results of operations and the Company's outlook and business. Forward-looking statements are not historical facts. Such statements may be identified by the use of such words as "may," "believe," "expect," "anticipate," "plan," "continue" or similar terminology. These statements relate to future events or our future financial performance and involve risks and uncertainties that may cause our actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we caution you not to place undue reliance on these forward-looking statements. Factors which may cause our forward-looking statements to be materially inaccurate include, but are not limited to the continuing impact of the COVID-19
pandemic on our business and results of operation, an unexpected deterioration
in our loan or securities portfolios, unexpected increases in our expenses,
different than anticipated growth and our ability to manage our growth,
unanticipated regulatory action or changes in regulations, unexpected changes in
interest rates, inflation, potential recessionary conditions, an unanticipated
decrease in deposits, an unanticipated loss of key personnel or existing
customers, competition from other institutions resulting in unanticipated
changes in our loan or deposit rates, an unexpected adverse financial,
regulatory or bankruptcy event experienced by our fintech partners,
unanticipated increases in
Forward-looking statements speak only as of the date of this report. We do not undertake any obligation to update or revise any forward-looking statement.
Item 9.01.Financial Statements and Exhibits
(d) Exhibits.
Exhibit No. Description 99.1 Press Release datedJanuary 20, 2023 99.2 Presentation Materials 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
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