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Alliance Bancorp Inc. of Pennsylvania (ALLB) in Broomall will face a proxy challenge from activist investor PL Capital.
November 26 -
BankFinancial (BFIN) in Burr Ridge, Ill., reported a decrease in quarterly profit because of lower net interest income.
August 6 -
BankFinancial in Burr Ridge, Ill., has followed through on plans to cleanse its balance sheet of troubled assets.
January 3 -
BankFinancial (BFIN) in Burr Ridge, Ill., is considering an aggressive plan to scrub its balance sheet of troubled assets by the end of the year.
November 8
BankFinancial (BFIN) in Burr Ridge, Ill., has reached a compromise with activist investor PL Capital.
The agreement paves the way for John Palmer, a principal and co-founder of PL Capital, to join BankFinancial's board. BankFinancial said in a press release Monday that, in exchange, PL Capital will support the $1.4 billion-asset company's board nominees as long as the standstill agreement exists.
PL Capital has a 5.5% stake in BankFinancial, according to a
BankFinancial shareholder will vote on directors at the company's annual meeting in June. If elected, Palmer will serve through 2017.
Adding Palmer "is consistent with the commitment of our board to consider constructive input from our stockholders, including the many institutional investors that hold positions in our stock," BankFinancial Chairman and Chief Executive F. Morgan Gasior said in the release.
PL Capital
