A pair of acquisition-minded investors has moved in on a Grand Rapids- based holding company, and Michigan may lose another of its home-grown thrifts.

Richard J. Nelson and Peter T. Kross, general partners in LaSalle Financial Partners LP, have acquired a 6.7% stake in Bank West Financial Corp., a $147 million-asset company, and made it clear they want to influence management decisions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.