The largest shareholder of Foothill Independent Bancorp in Glendora, Calif., is urging the company to sell, according to a recent Securities and Exchange Commission filing.

Basswood Partners LP, a New York investment partnership run by Matthew and Bennett Lindenbaum, owns 9.22% of Foothill's common stock. In a Nov. 12 filing, the partnership said it is disappointed in the financial performance of $466 million-asset Foothill and that now is the time to consider selling.

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