After we asserted shareholder rights, the following issuers were sold or merged: 

Security of Pennsylvania Financial Corp. (SPN)  

Cameron Financial Corporation (Cameron)  

Community Financial Corp. (CFIC)  

Montgomery Financial Corporation (Montgomery)  

Community Bancshares, Inc. (COMB)  

Jefferson Bancshares, Inc. (JFBI)  

FedFirst Financial Corporation (FFCO)  

SP Bancorp, Inc. (SPBC)  

TF Financial Corporation (THRD)  

Fairmount Bancorp, Inc. (FMTB)  

Harvard Illinois Bancorp, Inc. (HARI)  

Eureka Financial Corp. (EKFC)  

United-American Savings Bank (UASB)  

Polonia Bancorp, Inc. (PBCP)  

Georgetown Bancorp, Inc. (GTWN)  

Wolverine Bancorp, Inc. (WBKC)  

First Federal of Northern Michigan Bancorp, Inc. (FFNM)  

Jacksonville Bancorp, Inc. (JXSB)  

Anchor Bancorp (ANCB)  

Hamilton Bancorp, Inc. (HBK)  

Ben Franklin Financial, Inc. (BFFI)  

Alcentra Capital Corp (ABDC)  

First Advantage Bancorp (FABK)  

Central Federal Bancshares, Inc. (CFDB)  

Carroll Bancorp, Inc. (CROL)  

Brunswick Bancorp (BRBW)  

ICC Holdings, Inc. (ICCH)  

Seneca-Cayuga Bancorp, Inc. (SCAY) / Generations Bancorp NY, Inc. (GBNY)  

After we seated directors on the boards of the following issuers, the issuers were sold or merged: 

Oregon Trail Financial Corp. (OTFC)  

HCB Bancshares, Inc. (HCBB)  

SCPIE Holdings Inc. (SKP)  

American Physicians Capital, Inc. (ACAP)  

Colonial Financial Services, Inc. (COBK)  

Naugatuck Valley Financial Corporation (NVSL)

Fraternity Community Bancorp, Inc. (FRTR)  

Sunshine Financial, Inc. (SSNF)  

Delanco Bancorp, Inc. (DLNO)  

Poage Bankshares, Inc. (PBSK)  

HopFed Bancorp, Inc. (HFBC)  

MB Bancorp, Inc. (MBCQ)  

Provident Bancorp, Inc. (PVBC)  

IF Bancorp, Inc. (IROQ)  

After we asserted shareholder rights, we believe the following issuers took steps to maximize shareholder value, and we subsequently exited our activist positions: 

 FPIC Insurance Group, Inc. (FPIC)  

Roma Financial Corp. (ROMA)  

First Savings Financial Group, Inc. (FSFG)  

Prudential Bancorp, Inc. of Pennsylvania (PBIP)  

United Insurance Holdings Corp. (UIHC)  

Home Federal Bancorp, Inc. of Louisiana (HFBL)

Standard Financial Corp. (STND)

Alliance Bancorp, Inc. of Pennsylvania (ALLB)  

ASB Bancorp, Inc. (ASBB)  

United Community Bancorp (UCBA)  

West End Indiana Bancshares, Inc. (WEIN)  

William Penn Bancorp, Inc. (WMPN)  

First Financial Northwest, Inc. (FFNW)  

Alamogordo Financial Corp. (ALMG)  

Malvern Bancorp, Inc. (MLVF)  

FSB Community Bankshares, Inc. (FSBC)

Pinnacle Bancshares, Inc. (PCLB) 

Sugar Creek Financial Corp. (SUGR)  

Provident Financial Holdings, Inc. (PROV)  

West Town Bancorp, Inc. (WTWB)  

IF Bancorp, Inc. (IROQ)  

NorthEast Community Bancorp, Inc. (NECB)  

Parkway Acquisition Corp. (PKKW)  

Wayne Savings Bancshares, Inc. (WAYN)  

Cincinnati Bancorp, Inc. (CNNB)

After successfully seeking board representation, we seated directors who currently serve on the board of the following issuers: 

Kingsway Financial Services Inc. (KFS) 

Sound Financial, Inc. (SNFL) / Sound Financial Bancorp, Inc. (SFBC)  

Wheeler Real Estate Investment Trust, Inc. (WHLR)  

Ottawa Bancorp, Inc. (OTTW)  

Silvergate Capital Corporation (SICP)  

CIB Marine Bancshares, Inc. (CIBH)

Lake Shore Bancorp, Inc. (LSBK)  

We exited the following activist position without maximizing shareholder value: 

Garrison Capital, Inc. (GARS)

We hope to work with management and the boards of the following issuers:  

U & I Financial Corp. (UNIF)  

Central Plains Bancshares, Inc. (CPBI)  

Catalyst Bancorp, Inc. (CLST)  

We intend to gain board representation and work to maximize shareholder value at the following issuers: 

Peoples Financial Corporation (PFBX)  

To read more about The Stilwell Group’s Activist History, click here