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PL Capital recently put Malvern Bancorp and Orrstown Financial on notice that it is watching management's moves, while First Financial Northwest continues to absorb litigation costs months after an investor contested the results of an annual meeting.
October 24 -
Two East Coast banks have shed their mutual holding company ownership.
October 12 -
HomeTrust Bancshares in Asheville, N.C., has adopted a so-called "tax preservation plan," which is designed to protect a company's deferred tax assets during a lengthy period of operating losses.
September 26 -
First Financial Northwest in Renton, Wash., a $973 million-asset company, lost $791,000 in the third quarter, compared to net income of $1.4 million in the second quarter and profit of $623,000 a year earlier.
October 19
Stilwell Group has given management teams of four thrifts cause to worry while removing pressure from 10 other financial companies.
The New York investment group, which has a
The investment firm, led by Joseph Stilwell, also disclosed new stakes in HomeTrust Bancshares (HTBI) in Asheville, N.C.; HopFed Bancorp (HFBC) in Hopkinsville, Ky.; and LSB Financial (LSBI) in Lafayette, Ind.
All four of the institutions converted to stock-owned companies from mutual thrifts. Hamilton
Stilwell sold all of his holdings in 10 different institutions, including Beneficial Mutual Bancorp (BNCL) in Philadelphia; Capitol Federal Financial (CFFN) in Topeka, Kan.; and Meridian Interstate Bancorp (EBSB) in East Boston, Mass.
Stilwell remains involved in litigation against First Financial Northwest (FFNW) in Renton, Wash. The $973 million-asset thrift
Stilwell could not be reached for additional comment.