Shareholders at Damen Financial Corp. barely defeated a measure this week that could have led to sale of the beleaguered Chicago-area institution.

A proposal by shareholder Joseph Sonnenberg called for Damen to hire an investment banker to arrange the sale of a branch or the entire company. He also wanted Damen to buy back more shares. The measure failed, although with 49.9% of the votes, or 1,129,217 to 1,167,103.

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