ANN ARBOR, Mich.Great Lakes Bancorp said preliminary results of a shareholder vote indicate that a dissident shareholder proposal has lost.

The proxy proposal by Peter T. Kross, a stockbroker with Kemper Securities in Detroit sought to establish a committee of directors to explore selling the Ann Arbor-based savings bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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