Conducting a comprehensive evaluation of the bank's credit portfolios, specifically targeting criticized and classified loans in cannabis and small business portfolios.

Expected impact: Reduction of balance-sheet risk, stabilization of asset quality, and validation of the true level of tangible book value.

Simplifying the bank's complex capital structure and prioritizing tangible common equity and tangible book value growth over short-term quarterly earnings targets. This includes the suspension of quarterly dividends to conserve cash.

Expected impact: Conserves $1.86 million of capital per quarter, strengthening the bank's capital buffer and ensuring it remains comfortably well capitalized.

Targeted expansion and ongoing investment in digital banking capabilities to enhance customer acquisition, improve retention, and appeal to younger demographics.

Expected impact: Supports customer retention, reduces long-term operational costs, and provides scalable digital infrastructure to support core deposit gathering.