A New Jersey investment group has increased its holdings in Eagle BancGroup of Bloomington, Ill., and is pushing for the sale of the $174.1 million-asset thrift.

The group, led by outspoken activist Lawrence B. Seidman, also intends to request representation on Eagle's board and would consider a proxy fight if their demands are not met, according to documents filed with the Securities and Exchange Commission on Oct. 6.

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