TITLE

Cheap Shares, Hot Markets Enticing Activist Investors

AUTHOR(S)
Monks, Matthew
PUB. DATE
June 2012
SOURCE
American Banker;6/22/2012, Vol. 177 Issue F324, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on shareholder activism at U.S. community banks ECB Bancorp (ECB) and First California Financial Group (FCAL). Topics discussed include why family and institutional investors encouraged the banks to sell themselves to other banks, the demands of Gregg Gibbs' family and the Pohlad family, and banks with buying power that are looking at target companies. ECB and FCAL's problem loans are mentioned.
ACCESSION #
77186570

 

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