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A number of community banks have removed CEOs, announced plans to sell or reached compromises with dissident shareholders in recent weeks. And proxy season has yet to hit its stride.
Shown the Door
Ronald Anderson resigned as president and CEO of Malvern Bancorp (MLVF) three months after the Pennsylvania company reached a truce with activist shareholder Stilwell Group. The ceasefire allowed Stilwell to appoint someone to Malvern's board.