Jefferson Savings Bancorp's annual meeting turned stormy last week when a number of shareholders accused management of ignoring their interests.

The shareholders, including one who owns 10% of the company, griped about their lack of representation on Jefferson Savings' board, the lack of a cash dividend, a recently adopted anti-takeover plan, and excessive management compensation.

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.