Any buyer offering Jay Sidhu a fire-sale price on his shares in a Florida bank ought to be prepared to wrangle with the veteran dealmaker.

On Tuesday, Bond Street Holdings in Weston, Fla., announced it would acquire Atlantic Coast Financial (ACFC), a struggling Jacksonville company that counts Sidhu as a large — and discontented — shareholder. Sidhu, the chief executive of Customers Bancorp and former CEO of Sovereign Bank, resigned as Atlantic Coast's chairman last year and has pressed for an overhaul of its board.

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