An investment group that recently bought thousands of shares of Lincolnshire, Ill.-based Success Bancshares Inc. says it will not try to force a sale of the company.

From July 8 to Sept. 8 of this year, the group -- which includes Inverness, Ill.-based Financial Institution Partners II and Hovde Capital in Washington -- has been on a buying spree, purchasing 45,800 shares of Success. It now owns a 5.2% stake, and additional purchases are a possibility, the group said.

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.