1. Hampden Bank keeps activists off board, will consider sale anyway

    Hampden Bank keeps activists off board, will consider sale anyway

    Hampden Bank’s shareholders have rejected an effort by a Texas hedge fund to put two members on the bank’s board of directors and push the bank toward a sale. Nonetheless, the bank said it will still evaluate whether a sale makes sense.

    In a regulatory filing, Hampden Bancorp, parent of the Springfield-based bank, says it hired investment bank Sterne, Agee & Leach Inc. to identify and evaluate “strategic and/or operating scenarios intended to maximize shareholder value.”

     

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