BCTF Bancorp 34 Inc

Item 8.01       Other Events.

On December  22, 2017, the President signed into law the Tax Cuts and Jobs Act (the “Act”).  The Act includes a number of changes in existing tax law impacting businesses including, among other things, a permanent reduction in the corporate income tax rate to 21%. The rate reduction took effect on January 1, 2018.

As a result of the lower corporate tax rate, Bancorp 34, Inc. (the “Company”) has recorded a revaluation adjustment of $1.2 million to reduce its deferred tax assets effective December 31, 2017, with a corresponding charge to income tax. The Company expects to remain well-capitalized for regulatory capital purposes. The revaluation and related charge remain subject to adjustment in future periods, and the final impact of the Act may differ due to, among other things, changes in interpretations and assumptions made by the Company, additional guidance that may be issued by the U.S. Department of the Treasury, and actions that the Company may take.

Forward Looking Statements

This current report on Form  8-K may contain forward-looking statements, which can be identified by the use of words such as “will,” “would,” “may,” “adjust,” “believes,” “expects,” “anticipates,” “evaluate,” “estimates” or similar expressions. Such forward-looking statements and all other statements that are not historic facts are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. These factors include, but are not limited to, general economic conditions, changes in the interest rate environment, legislative or regulatory changes that may adversely affect our business, changes in accounting policies and practices, changes in competition and demand for financial services, adverse changes in the securities markets, changes in deposit flows and changes in the quality or composition of our loan or investment portfolios. Additionally, other risks and uncertainties may be described in the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q or its other reports as filed with the Securities and Exchange Commission, which are available through the SEC’s website at www.sec.gov . Should one or more of these risks materialize, actual results may vary from those anticipated, estimated or projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Form 8-K. The Company assumes no obligation to update any forward-looking statements.