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AmeriServ Financial in Johnstown boosted earnings through the first nine months of 2022, but not enough to satisfy Abbott Cooper, who called the company a "prolonged underperformer."
The Norcross Braca group sent a scathing letter to Republic Bank's board alleging inappropriate conduct and demanding an investigation.
Republic First Bank announced Oct. 4 it entered into a multiyear cooperation agreement with the Driver Management activist investor group.
Court-appointed custodian Alfred Putnam is seeking an extension of nearly three weeks to give more groups time to nominate candidates for a vacant board seat at the Philadelphia bank and solicit proxies from investors before a special meeting.
A U.S. District Court ordered the Philadelphia-based bank, headed by Vernon Hill, to respond by Monday to Driver Management’s claim that its board improperly postponed a May 10 shareholder meeting.