Professional depositor Jerome Davis joined California hedge fund Genesis Financial Partners in urging First Keystone Financial Inc. to sell immediately.

In a sharply worded May 1 letter to management of the Media, Pa.-based thrift, Mr. Davis, the largest shareholder in First Keystone, blasted officials for being "prepossessed by self-interest and seemingly unconcerned with what should be their real concern - the rights of shareholders to recognize maximum value from their investment."

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.