-
Joseph Stilwell said in recent regulatory filings that he wants Fairmount Bancorp in Baltimore and Harvard Illinois Bancorp to find buyers. He also filed a document backing Jefferson Bancshares' planned sale to HomeTrust.
March 10 -
Naugatuck Valley Financial in Connecticut is attempting the same transition that scores of other banks have completed in the last year, purging past mistakes in an effort to concentrate more on expansion.
August 7
Joseph Stilwell has reached a truce with another banking company.
The activist investor
The $487 million-asset company also agreed to refrain from adopting any stock incentive plans, the filing said.
William Calderara, Naugatuck Valley's president and CEO, wasn't immediately available to comment.
Naugatuck Valley has slowly been turning itself around, selling more than $25 million of impaired loans in the second quarter to help it get a handle on longstanding credit issues.
"We're approaching a transition point," Calderara
Stilwell still has potential proxy battles brewing with several other banks, including Fairmount Bancorp (FMBI), Harvard Illinois Bancorp (HARI) and Poage Bancshares (PBSK).
