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Riverview Bancorp in Vancouver, Wash., is facing pressure from a large investor to sell itself.
October 20 -
MutualFirst Financial in Muncie, Ind., is facing pressure from an activist investor to explore a potential sale, even after the bank earlier this year agreed to implement a demand made by the same activist.
May 27
Riverview Bancorp in Vancouver, Wash., is in talks with an activist investor about a board seat.
The $859 million-asset Riverview said Friday that it's in discussions with Ancora Advisors in Cleveland, without providing a date for when the discussions began. Ancora had
"Although the discussions have been productive and both sides are optimistic a mutually acceptable agreement can be reached, there are no assurances that these discussions will lead to an agreement," Riverview said in a news release.
Ancora
Riverview reported net income of $1.5 million in the quarter ending March 31.