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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.
April 12 -
The credit union is Kentucky's largest and has experienced more than two decades of steady growth.
March 27 -
President and CEO Wendell Lyons will retire early next year, to be succeeded by current EVP Debbie Painter. Both have spent approximately four decades in the movement.
March 20 -
The credit union's deal for American Founders Bank would be the third credit union acquisition of a bank this year.
March 13 -
HopFed was ordered to pay the legal fees for Stilwell Group, which sued the bank after its directors passed a bylaw intended to keep the investor off its board.
February 12 -
Stilwell Group, an activist investor, is alleging that HopFed chief John Peck bought two properties from the then-chairman of the Kentucky company's compensation committee and that the deals were a conflict of interest.
May 12 -
Independent members of HopFed Bancorp's board sent a letter to Joseph Stilwell complaining that their largest investor had rebuffed several efforts by CEO John Peck to schedule a meeting.
January 26 -
Mark Schroeder has led the Jasper, Ind., company to six straight years of record profit by sticking to a simple model that emphasizes relationship banking and small, strategic acquisitions.
December 6 -
The largest shareholder at HopFed Bancorp in Hopkinsville, Ky., is calling on the company's president and chief executive to resign.
November 28 -
Some bankers are proud of making it through the financial crisis. Imagine doing that while also contending with a huge personal crisis. Karen Glenn, the chief executive of a Kentucky community bank, is a single mom of twin boys. She had just made it through a major health issue with one of her sons, when the other was diagnosed with cancer.
September 25