A highly regarded Southern California business bank is fielding an unexpected proxy challenge from Cincinnati.

A Cincinnati-dominated group of six shareholders of Professional Bancorp, Santa Monica, has put up a dissident slate of directors who would remove "one or more" executives of the bank.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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