A shareholder of an Illinois bank holding company has filed a class action that could trigger the company's year-old poison pill.

And if the courts rule in Mary K. Quinn's favor, Illini Corp., Springfield, Ill., would become the first community bank in the country to activate this kind of shareholder rights plan.

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.