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The company is suing Basswood Capital, claiming the activist hedge fund unlawfully accumulated a large stake by violating a confidentiality agreement. It also claims that Basswood's meddling resulted in a subpar capital raise last month.
June 19 -
Banc of California (BANC) in Irvine is looking to raise $100 million by selling common stock and tangible equity units.
May 14
HomeStreet in Seattle has added more banking experience to its board.
The $3 billion-asset company
Chrisman retired from Banc of California's board earlier this year. He was chairman during a controversial management shake-up two years ago, when Gregory Mitchell, the Irvine, Calif., company's co-chief executive,
Chrisman recently served on the board of the Federal Home Loan Bank of San Francisco, and is a founding partner at Chrisman & Co., an executive search firm in Los Angeles. He also was heavily involved with the recent recapitalization of Pan American Bank in Los Angeles. HomeStreet was one of 16 banks to participate in the recapitalization.
