The Connecticut company will appoint Lawrence Seidman to become a director at its next annual meeting.
Driver Management wants shareholders of Community Bankers Trust to push the Richmond company to find a buyer.
Stateside banks are starting to play catch-up to banks worldwide that are incorporating environmental, social and governance factors into their underwriting. Pressure from big shareholders is a driving force.
The New Jersey company paid $336 million for all stock owned by Blue Harbour Group.
The company claims that its biggest investors is taking steps to seize control, oust the board and find a buyer.
The Pennsylvania company will pay $346 million for MutualFirst Financial.
A second activist investor is pushing the company's board to find a buyer.
Driver Management said it believes the company would create more shareholder value by finding a buyer.
Ancora Advisors also suggested that the company get rid of its current management team.
The activist investor Blue Lion Capital, which had pushed for HomeStreet's sale, is selling all of its stock to the Seattle company.
