OSBC » Topics » Government regulation can result in limitations on our operations.

These excerpts taken from the OSBC 10-K filed Mar 16, 2009.

Government regulation can result in limitations on our operations.

 

We operate in a highly regulated environment and are subject to supervision and regulation by a number of governmental regulatory agencies, including the Federal Reserve, Treasury, the FDIC, the OCC and the DFPR.  Regulations adopted by these agencies, which are generally intended to provide protection for depositors and customers rather than for the benefit of shareholders, govern a comprehensive range of matters relating to ownership and control of our shares, our acquisition of other companies and businesses, permissible activities for us to engage in, maintenance of adequate capital levels and other aspects of our operations.  These bank regulators possess broad authority to prevent or remedy unsafe or unsound practices or violations of law.  The laws and regulations applicable to the banking industry could change at any time and we cannot predict the effects of these changes on our business and profitability. Increased regulation could increase our cost of compliance and adversely affect profitability.  For example, new legislation or regulation may limit the manner in which we may conduct our business, including our ability to offer new products, obtain financing, attract deposits, make loans and achieve satisfactory interest spreads.

 

In addition, there have been a number of legislative and regulatory proposals that have arisen in the wake of the recent troubles in the credit markets in the United States that would have an impact on the operation of bank holding companies and their bank and non-bank subsidiaries.  It is impossible to predict whether or in what form these proposals may be adopted in the future and, if adopted, what their effect will be on us.

 

Government
regulation can result in limitations on our operations.



 



We
operate in a highly regulated environment and are subject to supervision and
regulation by a number of governmental regulatory agencies, including the
Federal Reserve, Treasury, the FDIC, the OCC and the DFPR.  Regulations adopted by these agencies, which
are generally intended to provide protection for depositors and customers
rather than for the benefit of shareholders, govern a comprehensive range of
matters relating to ownership and control of our shares, our acquisition of
other companies and businesses, permissible activities for us to engage in,
maintenance of adequate capital levels and other aspects of our
operations.  These bank regulators
possess broad authority to prevent or remedy unsafe or unsound practices or
violations of law.  The laws and
regulations applicable to the banking industry could change at any time and we
cannot predict the effects of these changes on our business and profitability.
Increased regulation could increase our cost of compliance and adversely affect
profitability.  For example, new
legislation or regulation may limit the manner in which we may conduct our
business, including our ability to offer new products, obtain financing,
attract deposits, make loans and achieve satisfactory interest spreads.



 



In
addition, there have been a number of legislative and regulatory proposals that
have arisen in the wake of the recent troubles in the credit markets in the
United States that would have an impact on the operation of bank holding
companies and their bank and non-bank subsidiaries.  It is impossible to predict whether or in
what form these proposals may be adopted in the future and, if adopted, what
their effect will be on us.



 



These excerpts taken from the OSBC 10-K filed Mar 17, 2008.

Government regulation can result in limitations on our operations.

 

We operate in a highly regulated environment and are subject to supervision and regulation by a number of governmental regulatory agencies, including the Federal Reserve, the FDIC, the OCC and the DFPR.  Regulations adopted by these agencies, which are generally intended to provide protection for depositors and customers rather than for the benefit of shareholders, govern a comprehensive range of matters relating to ownership and control of our shares, our acquisition of other companies and businesses, permissible activities for us to engage in, maintenance of adequate capital levels and other aspects of our operations. These bank regulators possess broad authority to prevent or remedy unsafe or unsound practices or violations of law. The laws and regulations applicable to the banking industry could change at any time and we cannot predict the effects of these changes on our business and profitability. Increased regulation could increase our cost of compliance and adversely affect profitability.  For example, new legislation or regulation may limit the manner in which we may conduct our business, including our ability to offer new products, obtain financing, attract deposits, make loans and achieve satisfactory interest spreads.

 

In addition, there have been a number of legislative and regulatory proposals that have arisen in the wake of the recent troubles in the credit markets in the United States that would have an impact on the operation of bank holding companies and their bank and non-bank subsidiaries.  It is impossible to predict whether or in what form these proposals may be adopted in the future and, if adopted, what their effect will be on us.

 

Government
regulation can result in limitations on our operations.



 



We
operate in a highly regulated environment and are subject to supervision and
regulation by a number of governmental regulatory agencies, including the
Federal Reserve, the FDIC, the OCC and the DFPR.  Regulations adopted by these agencies, which
are generally intended to provide protection for depositors and customers
rather than for the benefit of shareholders, govern a comprehensive range of
matters relating to ownership and control of our shares, our acquisition of
other companies and businesses, permissible activities for us to engage in,
maintenance of adequate capital levels and other aspects of our operations.
These bank regulators possess broad authority to prevent or remedy unsafe or
unsound practices or violations of law. The laws and regulations applicable to
the banking industry could change at any time and we cannot predict the effects
of these changes on our business and profitability. Increased regulation could
increase our cost of compliance and adversely affect profitability.  For example, new legislation or regulation
may limit the manner in which we may conduct our business, including our
ability to offer new products, obtain financing, attract deposits, make loans
and achieve satisfactory interest spreads.



 



In
addition, there have been a number of legislative and regulatory proposals that
have arisen in the wake of the recent troubles in the credit markets in the
United States that would have an impact on the operation of bank holding
companies and their bank and non-bank subsidiaries.  It is impossible to predict whether or in
what form these proposals may be adopted in the future and, if adopted, what
their effect will be on us.



 



This excerpt taken from the OSBC 10-K filed Mar 15, 2007.

Government regulation can result in limitations on our operations.

We operate in a highly regulated environment and are subject to supervision and regulation by a number of governmental regulatory agencies, including the Federal Reserve, the FDIC, the OCC and the DFPR.  Regulations adopted by these agencies, which are generally intended to provide protection for depositors and customers rather than for the benefit of shareholders, govern a comprehensive range of matters relating to ownership and control of our shares, our acquisition of other companies and businesses, permissible activities for us to engage in, maintenance of adequate capital levels and other aspects of our operations. These bank regulators possess broad authority to prevent or remedy unsafe or unsound practices or violations of law. The laws and regulations applicable to the banking industry could change at any time and we cannot predict the effects of these changes on our business and profitability. Increased regulation could increase our cost of compliance and adversely affect profitability.  For example, new legislation or regulation may limit the manner in which we may conduct our business, including our ability to offer new products, obtain financing, attract deposits, make loans and achieve satisfactory interest spreads.

This excerpt taken from the OSBC 10-K filed Mar 14, 2006.

Government regulation can result in limitations on our operations.

 

We operate in a highly regulated environment and are subject to supervision and regulation by a number of governmental regulatory agencies, including the Federal Reserve, the FDIC and the DFPR. Regulations adopted by these agencies, which are generally intended to provide protection for depositors and customers rather than for the benefit of shareholders, govern a comprehensive range of matters relating to ownership and control of our shares, our acquisition of other companies and businesses, permissible activities for us to engage in, maintenance of adequate capital levels and other aspects of our operations. These bank regulators possess broad authority to prevent or remedy unsafe or unsound practices or violations of law. The laws and regulations applicable to the banking industry could change at any time and we cannot predict the effects of these changes on our business and profitability. Increased regulation could increase our cost of compliance and adversely affect profitability. For example, new legislation or regulation may limit the manner in which we may conduct our business, including our ability to offer new products, obtain financing, attract deposits, make loans and achieve satisfactory interest spreads.

 

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Lakeland Financial (LKFN)
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