I found the following posted elsewhere. Comments, predications and translations welcome.
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An article from Wed., Lawrence Eagle Tribune, titled: Shareholder Sells Out at Lawrence Bank
A California investment group that waged a fight for seats on the board of Lawrence Savings Bank at last year's annual meeting has sold its stake in the company.
Genesis Financial Partners of Newport Beach Calif., had been the largest shareholder in Lawrence Savings, holding 6.18 percent of its stock. The company waged a proxy battle at the 1996 annual meeting seeking to elect its officers, Stephen H. Gordon and Brandt Johnson, to the board. Bank management prevailed, electing its own slate of Robert F. Hatem, community relations specialist at Raytheon Co., and Byron R. Cleveland Jr., president of
Lawrence manufacturer J.H. Horne & Sons.
Genesis also sold off its stakes in two other Massachusetts banks - Abington Savings and Central Co-operative Bank of Somerville. Genesis had challenged those banks to improve their performance in much the same way as it had Lawrence Savings.
Genesis has been disbanded. Mr. Gordon is now a partner in Financial Institutional Partners, which offers financial advice to medium-siz banks on the West coast.
Lawrence Savings President Paul A. Miller revealed the departure of Genesis at yesterday's annual meeting............
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