Shareholders rejected a proposal to put Eagle Bancshares and its Tucker (Ga.) Federal Bank on the sale block.

J.C. Serrato, an investor who owns 4.79% of Eagle's common stock, had sponsored the resolution, which was defeated by a 2-to-1 margin. Tucker Federal president Richard B. Inman Jr. said the company did not have offers from potential suitors. The resolution would have required the board of directors to seek out a buyer.

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