When the board members of Atlanfed Bancorp convened on April 8 to approve the sale of the Baltimore thrift to Susquehanna Bancshares, they apparently weren't the only ones privy to the impending news.

At 3 p.m., with the board still in session, Atlanfed's stock price surged $3 -- a 25% increase in a half hour.

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.