Because the market price of Provident common stock may fluctuate, the Company’s shareholders cannot be certain of the market value of the merger consideration they will receive.
The market price of Provident common stock after the merger may be affected by factors different from those currently affecting the shares of Provident common stock or Company common stock.
Issuance of shares of Provident common stock in connection with the merger may adversely affect the market price of Provident common stock.
Provident and the Company are expected to incur substantial costs related to the merger and integration.
Combining Provident and the Company may be more difficult, costly or time-consuming than expected, and Provident and the Company may fail to realize the anticipated benefits of the merger.
The future results of the combined company following the merger may suffer if the combined company does not effectively manage its expanded operations.
The combined company may be unable to retain Provident and/or Company personnel successfully after the merger is completed.
Receipt of regulatory approvals has taken longer than expected, and regulatory approvals may not be received in the future, or may impose conditions that are not presently anticipated or that could have an adverse effect on the combined company following the merger.
As a result of the mergers, the combined company will become subject to additional requirements and restrictions imposed by the U.S. Department of Justice (the “DOJ”).
Certain of the Company’s directors and executive officers may have interests in the merger that may differ from, or are in addition to, the interests of the Company’s shareholders.
The merger agreement may be terminated in accordance with its terms and the merger may not be completed.
Failure to complete the merger could negatively impact Provident or the Company.
In connection with the merger, Provident will assume the Company’s outstanding debt obligations, and the combined company’s level of indebtedness following the completion of the merger could adversely affect the combined company’s ability to raise additional capital and to meet its obligations under its existing indebtedness.
Provident and the Company will be subject to business uncertainties and contractual restrictions while the merger is pending.
The pending merger could disrupt Provident’s and the Company’s relationships with their customers, suppliers, business partners and others, as well as their operating results and businesses generally.
The merger agreement limits Provident’s and the Company’s respective abilities to pursue alternatives to the merger and may discourage other companies from trying to acquire Provident or the Company.
The shares of Provident common stock to be received by Company shareholders as a result of the merger will have different rights from the shares of Company common stock.
Holders of Company common stock will have reduced ownership and voting interest in the combined company after the consummation of the merger and will exercise less influence over management.
Litigation related to the merger has been filed against Provident, the Provident board of directors, the Company and the Company's board of directors, and additional litigation may be filed against the Company, the Company's board of directors, Provident and the Provident board of directors in the future, which could prevent or delay the completion of the merger, result in the payment of damages or otherwise negatively impact the business and operations of Provident and the Company.
Our allowance for credit losses on loans may not be adequate to cover actual losses.
The concentration of our commercial real estate loan portfolio may subject us to increased regulatory analysis, or otherwise adversely affect our business and operating results.
Our mortgage banking operations expose us to risks that are different than the risks associated with our retail banking operations.
We are subject to various lending and other economic risks that could adversely affect our results of operations and financial condition.
We may suffer losses in our loan portfolio despite our underwriting practices.
We are subject to interest rate risk and variations in interest rates that may negatively affect our financial performance.
A decrease in our ability to borrow funds could adversely affect our liquidity.
Public funds deposits are an important source of funds for us and a reduced level of those deposits may hurt our profits and liquidity.
Recent industry events may have an impact on the Company and its common stock.
A lack of liquidity could adversely affect the Company’s financial condition and results of operations.
The occurrence of any failure, breach, or interruption in service involving our systems or those of our service providers could damage our reputation, cause losses, increase our expenses, and result in a loss of customers, an increase in regulatory scrutiny, or expose us to civil litigation and possibly financial liability, any of which could adversely impact our financial condition, results of operations and the market price of our stock.
The inability to stay current with technological change could adversely affect our business model.
Our operations rely on certain third party vendors.
Lakeland’s ability to pay dividends is subject to regulatory limitations which, to the extent that our holding company requires such dividends in the future, may affect our holding company’s ability to pay its obligations and pay dividends to shareholders.
The Company is subject to heightened regulatory requirements as a result of total assets exceeding $10 billion.
The effect of future tax reform is uncertain and may adversely affect our business.
Severe weather, acts of terrorism, geopolitical and other external events could impact our ability to conduct business.
A public health emergency, such as the COVID 19 pandemic, occurring in the United States or in the geographies in which we conduct operations could materially adversely affect our business operations, financial condition, results of operations and cash flows.
We face intense competition from other financial services and financial services technology companies, and competitive pressures could adversely affect our business or financial performance.
The Company may incur impairment to goodwill.
We could be adversely affected by failure in our internal controls.
Our risk management strategies may not be fully effective in mitigating our risk exposures in all market environments or against all types of risk.
The inability to attract and retain key personnel could adversely affect our Company’s business.
The accuracy of our financial statements and related disclosures could be affected if the judgments, assumptions or estimates used in our critical accounting policies are inaccurate.
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