A bank investor with experience creating and selling financial institutions has purchased a large stake in Liberty Bell Bank (LBBB) in Marlton, N.J.

Ken Lehman disclosed in a Feb. 1 letter to the Federal Deposit Insurance Corp. that he had reached an agreement with another shareholder to raise his stake in the bank to 27.8%. He wrote in the letter that the deal, which closed last month, would constitute a legal change in control at Liberty Bell.

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