Onbancorp's largest shareholder, Seymour Holtzman, withdrew his proposal that the bank's board put the bank up for sale, citing injuries he suffered during a recent accident. He said he broke two ribs.

On Oct. 10, Mr. Holtzman said he would ask fellow shareholders during the bank's annual meeting to find a buyer in a bid to increase the stock's price. The stock has risen 9.4% so far this year, lagging the industry.

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