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.

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 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.