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The company is suing Basswood Capital, claiming the activist hedge fund unlawfully accumulated a large stake by violating a confidentiality agreement. It also claims that Basswood's meddling resulted in a subpar capital raise last month.
June 19 -
Chesapeake Bank & Trust in Chestertown, Md., has begun searching for a new chief executive.
June 19 -
Hovde Group in Chicago has hired two former Sandler O'Neill research analysts to lead its equity research group.
June 19 -
Melissa Bean, a former three-term member of Congress, has been named chair of JPMorgan Chase's (JPM) Midwest business.
June 19 -
Popular Inc. (BPOP) in San Juan, Puerto Rico, has received regulatory approval to exit the Troubled Asset Relief Program.
June 19 -
Chemical Financial (CHFC) in Midland, Mich., expects to raise $70 million through the sale of common stock.
June 18 -
Meridian Bank Texas in Fort Worth has acquired State Bank & Trust in Carrolton, Texas.
June 18 -
Six directors resigned after the company contested an activist investor's successful effort to wrest board control. As a court battle looms and regulators watch, the company could struggle to find replacement directors.
June 18 -
ViewPoint Financial Group in Plano, Texas, has pushed back the expected closing date for its purchase of LegacyTexas Group, citing a lengthy regulatory approval process.
June 18 -
Alfred DelliBovi, the former chief executive of Federal Home Loan Bank of New York, will join the board of Flushing Financial Corporation (FFIC) in Lake Success, N.Y.
June 18
