A well-known shareholder activist has set his sights on another small thrift.

Jerome H. Davis is urging Security Federal Bancorp to seek a merger partner, less than a year after the Tuscaloosa, Ala., institution went public. It is the holding company for $69 million-asset Security Federal 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.