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Anchor Bancorp in Lacey, Wash., could eventually sell itself after reaching a truce with an activist investor.
October 23 -
Anchor Bancorp in Lacey, Wash., is facing a renewed proxy battle from activist investor Joel Lawson 4th ahead of its annual shareholders meeting in late October.
September 29 -
Washington Federal is the latest bank to partner with a tech company in an effort to streamline online loan applications.
December 9
Anchor Bancorp in Lacey, Wash., has named an accountant to its board, to settle a dispute with an activist investor.
The $379 million-asset company named Varonica Ragan to the board on Wednesday. Ragan is chief compliance officer and director of accounting and finance at Brighton Jones, a Seattle wealth management firm.
Ragan was nominated by Joel Lawson 4th, a Berwyn, Pa., activist investor who had previously sought election to Anchor's board.
Anchor negotiated a standstill agreement with Lawson to let him designate a board representative. However, the agreement prevents Lawson, Ragan or their affiliates from pursuing a proxy contest. Ragan
Lawson, who owned about 9% of Anchor at Nov. 12, began pushing for Anchor to sell itself in 2013 and
Ragan also previously was a senior audit manager at KPMG, handling audits for financial institutions, and was chief financial officer at Core Business Bank in Bellevue, Wash.