We also believe that increased regulatory costs will impact the industry, but are likely to impact larger regional banks or money center banks much more than community banks like Berkshire. While we can't operate or control the macro environment, we're focused on controlling what we can and have several levers, including opportunistic hiring for deposit growth, de-risking the balance sheet, and rigorous expense management.

Oct 20, 2023 / CEO / receipt, needs a key / Nitin Mahatrey, CEO | earnings call 2023-10-20 | transcript 5745a4f1-204d-43ec-9312-18e4496340cc | chars 12801-13227 | segment 13

We will similarly overcome the current challenges, especially deposits growth and expense management. We remain focused on selective, responsible, and profitable organic growth and are confident that we will get bigger while getting better.

Oct 20, 2023 / CEO / receipt, needs a key / Nitin Mahatrey, CEO | earnings call 2023-10-20 | transcript 5745a4f1-204d-43ec-9312-18e4496340cc | chars 13340-13580 | segment 13