News Topic: Activist investors

Driver Management wants shareholders of Community Bankers Trust to push the Richmond company to find a buyer. ... Read full article

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. ... Read full article

The New Jersey company paid $336 million for all stock owned by Blue Harbour Group. ... Read full article

The company claims that its biggest investors is taking steps to seize control, oust the board and find a buyer. ... Read full article

The Pennsylvania company will pay $346 million for MutualFirst Financial. ... Read full article

A second activist investor is pushing the company's board to find a buyer. ... Read full article

Driver Management said it believes the company would create more shareholder value by finding a buyer. ... Read full article

Ancora Advisors also suggested that the company get rid of its current management team. ... Read full article

The activist investor Blue Lion Capital, which had pushed for HomeStreet's sale, is selling all of its stock to the Seattle company. ... Read full article

All of the Seattle company's directors, including CEO Mark Mason, were backed by shareholders despite a challenge by Blue Lion Partners. ... Read full article

The Fed board unveiled a proposal Tuesday to standardize how investors owning less than one-quarter of a bank can determine who holds a "controlling" stake and therefore must register as a bank holding company. ... Read full article

Blue Lion Capital, which has been critical of the Seattle company in recent years, has nominated two individuals to become directors. ... Read full article

Once a moneymaker and executive training spot, the business is no longer cost-effective; Edward Bramson wants a board seat. ... Read full article

In a lengthy report released Wednesday, the bank pledged to protect whistleblowers, better handle customer complaints and re-examine its lending practices. ... Read full article

Many government employees are turning to alternative lenders to bridge the gap between paychecks; the average pay at the biggest U.S. banks rose by just 3% last year, well below the CEO rate. ... Read full article

The unit is under investigation by federal agencies for misrepresenting pricing; investment bankers are looking at a possible 15-20% drop in bonus money. ... Read full article

4.5% rates could trigger more homebuying and refinances; Sherborne Investors wants a seat on the bank’s board so it can facilitate change. ... Read full article

Blue Lion Capital said Johnny Guerry, who was sparred with other community banks, will assist in efforts to pressure the Seattle bank to improve its performance or sell itself. ... Read full article