MSB Financial in Millington, N.J., has added a well-known activist investor to its board.
The $380 million-asset company disclosed in a regulatory filing Wednesday that it had appointed Lawrence Seidman to its board, effective July 1.
Seidman, manager of Seidman & Associates, is set to join MSB’s compensation committee. He is also a director of Stonegate Bank and ASB Bancorp.
MSB last year completed a conversion to an all-stock company.