A group of investors is pressuring Tyler, Tex.-based East Texas Financial Services to improve its performance or sell, according to a Securities and Exchange Commission filing.

The six investors, who include William Duncan Vaughan, a former president of First National Bank of Paris, Tex., together control 10.19% of East Texas' shares.

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.