A Southern California bank, under fire from well-known activist Michael Price and other investors, is making it more difficult for dissidents to put their agenda before other shareholders.

Anaheim-based SC Bancorp has amended its bylaws to make dissidents go through the board before soliciting shareholders' consent to any proposals without going through an annual meeting.

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.