On March 7, 2019, Stilwell Value stated that it informed management at a meeting on January 5, 2018, and reiterated several times throughout the year, that if the Company does not repurchase 10% of its shares in 2018, it would seek board representation and work to maximize shareholder value at the Company. Stilwell Value announced that it has served its notice of intent to nominate Corissa B. Porcelli and Michelle D. Bergman (and Kerry G. Campbell as an alternate nominee) for election as directors at the Company's upcoming annual meeting. In addition, Stilwell Value expressed its view that the values of the Companies’ assets were not adequately reflected in the market prices of their shares.