Harvard bank saves local control
HARVARD – Harvard Savings Bank shareholders voted “by an overwhelming majority” to re-elect directors their board nominated, showing opposition to a New York-based group of hedge funds.
At the annual shareholders meeting Thursday, President and CEO Duffield Seyller and retired businessman Richard Walker retained their positions on the board. Peter Wilson, a nominee of The Stilwell Group, was left off the board.
Stilwell and Harvard Illinois Bancorp, the parent of the Harvard bank, are currently locked in a proxy battle. Stilwell has called for a sale of the company through a series of advertisements and letters to shareholders criticizing current management. The board has rebutted in various letters and advertisements.
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at firstname.lastname@example.org