A Dallas hedge fund is causing Texas-size headaches for a small thrift in Springfield, Mass.

Clover Partners, which has made clear its desire that the $653 million-asset Hampden Bancorp (HBNK) should sell itself, has initiated a proxy fight to elect two representatives to the company's board. In a Sept. 5 letter to shareholders, Clover, which owns 6.5% of Hampden's common stock, claims the company underperforms its peers and pays executives too much.

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