U.S. Department of Treasury Appalachian Community Capital Corporation respectfully submits the following corrective action plan for the year ended December 31, 2022. Name and address of independent public accounting firm: Brown, Edwards & Company, L.L.P. 105 Arbor Drive, 3rd Floor Christiansburg, VA 24073 Audit Period: Year ended December 31, 2022 The findings from the December 31, 2022 schedule of findings and questioned costs are discussed below. The findings are numbers consistently with the numbers assigned in the schedule. Section A of the schedule, Summary of Audit Results, does not include findings and is not addressed. Findings ? Financial Statement Audit NONE Findings ? Federal Award Programs Audits U.S. Department of the Treasury 2022-001: Community Development Financial Institutions Fund ? Assistance Listing No. 21.020 and Community Development Financial Institutions Fund ? Rapid Response Program Assistance Listing No. 21.024 Recommendation: We recommend that the Company develop a process to track the filing of the data collection form and reporting package. Action Taken: ACC has instituted an alert system that will notify in advance its CEO, Chief Lending and Impact Officer, and SVP-Finance the due dates for submitting ACC?s single audit to the federal clearinghouse and to be in contact, if necessary, with ACC?s audit firm during the notification period. ACC is confident this process will prevent late filings in the future. Name of Contact Person: Donna Gambrell Signature of Contact Person: ___________________________________________