The proxy fight at Compass Bancshares may be over, but controversy still lingers around dissident director Harry B. Brock Jr.

The American Banker has learned that Mr. Brock and one of his sons were organizing a hedge fund to invest in bank takeover targets at the very time Mr. Brock was preparing his unsuccessful attempt to wrest control of the Compass board in order to sell Alabama's fourth-largest bank to an out-of- state acquirer.

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