As I've said previously, we are committed to managing expenses with discipline and transparency. We are taking a very granular approach to expense management that will have the desired impact of reducing our expense base. we are committed to ensuring that every dollar we spend is thoughtful and necessary to run the bank efficiently or to grow our revenue and earnings.

Jan 25, 2024 / CFO / receipt, needs a key / David Rosado, CFO | earnings call 2024-01-25 | transcript 4267d170-f576-4993-84a5-251eec33bd12 | chars 9815-10185 | segment 10

We have instituted biweekly meetings in which every vendor expense of $25,000 or more and every request for new hires as well as replacement hires above a preset grade level. This granular approach to expense management is starting to have the desired impact of reducing our expense base. This strategy will ensure that every dollar is thoughtfully spent and is necessary to run the bank efficiently or to grow our revenue and earnings.

Oct 20, 2023 / CFO / receipt, needs a key / David Rosado, CFO | earnings call 2023-10-20 | transcript 5745a4f1-204d-43ec-9312-18e4496340cc | chars 8939-9375 | segment 9