The activist investor Richard Lashley believes that the mutual holding company structure should be extinct and that all mutuals should operate as fully public companies. He's happy to assist in any way he can.

Earlier this week, for example, PL Capital said it had sent a letter to the board of Polonia Bancorp in Huntingdon Valley, Pa., demanding that the company pursue a second-step conversion.

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.