News Topic: Activist investors

Driver Management said it would also support National Bankshares if it decided to sell itself. ... Read full article

Jacobs Asset Management, which expressed frustration over a slow turnaround at MidSouth, said it could launch a proxy battle at next year's annual meeting. ... Read full article

A former chief financial officer at Hanover Bancorp is trying to separate the roles of chairman and CEO as part of a sweeping demand for change. ... Read full article

Blue Lion Capital, which has been a vocal critic of the Seattle company's strategy, also wants management to consider selling its MSR portfolio. ... Read full article

Hilton Capital Management wants National Bankshares to buy back stock or declare a special dividend. ... Read full article

An activist investor, which opposed two director nominees, failed to obtain the legally required approval from the Seattle company's state bank regulator before launching its challenge. ... Read full article

An effort to oust two directors at the Seattle company was nullified after the investor failed to seek the required approval from the bank's state regulator. ... Read full article

KS Bancorp is buying back all the shares that First Citizens acquired in an effort to take over the much smaller bank. ... Read full article

The Seattle company has faced criticism from an investor over its commitment to the business, which lost money in the first quarter. ... Read full article

Stilwell Group is trying to win a board seat at Wayne Savings Bancshares. ... Read full article

The company will add a representative of Stilwell Group to its board. The investment firm, which has long criticized HopFed's leadership and strategy, agreed to support the company's recommendations at future annual meetings. ... Read full article

KS Bancorp, which is trying to avoid a hostile takeover, may be facing a skirmish with an activist investor over one of its board seat. ... Read full article

A court agreed with HomeStreet that Blue Lion Capital failed to comply with the company's advance-notice bylaw when it submitted director nominations and shareholder proposals. ... Read full article

A judge in North Carolina granted a request by First Citizens to block KS Bancorp from enacting a shareholder rights plan. ... Read full article

Ancora Advisors will place a representative on MutualFirst's board in exchange for supporting the company's director nominees and other policies. ... Read full article

The Seattle company invalidated the proposal by Blue Lion Capital, claiming it fell short of its bylaw requirements. ... Read full article

An investor had accused John Peck of using a HopFed lawyer to handle his purchase of real estate from an influential member of the company's board. ... Read full article

Blue Lion Capital, which is upset with the Seattle company's growth strategy, also wants to replace two of the company's directors. ... Read full article