Inactive Instrument

DNB Financial Corporation

US2332371069

Driver Management Sends Second Letter to DNB Financial

February 01, 2019 at 04:19 pm

On January 29, 2019, Driver Management Company LLC sent a second letter to the Board expressing disappointment with the Board’s failure to engage with Driver Management Company as well as the Board’s decision not to hold an earnings call to discuss the Company’s full-year results or provide an alternative forum for Driver Management Company and other shareholders to ask questions of the Company.

Latest news about DNB Financial Corporation

DNB Financial Corporation Announces Cessation of Directors and Executive Officers	19-12-02	CI
DNB Financial Corporation(NasdaqCM:DNBF) dropped from S&P TMI Index	19-12-02	CI
S&T Bancorp Inc. completed the acquisition of DNB Financial Corporation.	19-11-29	CI
DNB Financial Corporation Declares Cash Dividend for the Fourth Quarter of 2019, Payable on November 8, 2019	19-10-23	CI
Dnb Financial Corp. Reports Earnings Results for the Third Quarter Ended September 30, 2019	19-10-23	CI
DNB Financial Corporation Declares Cash Dividend for the Third Quarter of 2019, Payable on September 18, 2019	19-08-21	CI
DNB Financial Corporation Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2019	19-07-23	CI
Driver Management Provides Information to the Shareholders	19-07-11	CI
DNB Financial Corporation(NasdaqGM:DNBF) added to Russell 2000 Defensive Index	19-06-28	CI
DNB Financial Corporation(NasdaqGM:DNBF) added to Russell 2000 Value-Defensive Index	19-06-28	CI
S&T Bancorp, Inc. entered into a definitive agreement to acquire DNB Financial Corporation for approximately $210 million.	19-06-04	CI
Driver Management Discloses its View on DNB Financial	19-05-29	CI
DNB Financial Corporation Declares Cash Dividend for the Second Quarter of 2019, Payable on June 18, 2019	19-05-22	CI
Driver Management Threatens DNB Financial with Legal Action	19-05-13	CI
Declaration of Voting Results by DNB Financial	19-04-24	CI
Driver Management Provides information to Shareholders of DNB Financial	19-04-23	CI
DNB Financial Corporation Announces Unaudited Consolidated Earnings Results for the Year First Quarter Ended March 31, 2019	19-04-23	CI
Driver Management Sends Letter to the Chairman of DNB Financial	19-04-09	CI
Driver Management Threatens DNB Financial with Legal Action	19-04-09	CI
Driver Management Intends to Vote Against for Board Nominees of DNB Financial	19-04-04	CI
DNB Financial Solicits Proxies from Shareholders	19-03-27	CI
Driver Management Provides Information to Shareholders of DNB Financial	19-02-28	CI
DNB Financial Corporation Declares Cash Dividend for the First Quarter of 2019, Payable on March 27, 2019	19-02-27	CI
Driver Management Sends Third Letter to DNB Financial	19-02-01	CI
Driver Management Sends Letter to DNB Financial	19-02-01	CI

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Company Profile

DNB Financial Corporation is a bank holding company for DNB First, National Association (the Bank). The Company operates through the Community Banking segment. The Bank is a commercial bank providing a range of services to individuals and small to medium sized businesses in the southeastern Pennsylvania market area, including accepting time, demand and savings deposits, and making secured and unsecured commercial, real estate and consumer loans. In addition, the Bank has over 10 branches and a wealth management group, DNB First Wealth Management. Its loan and lease portfolio consists primarily of commercial and residential real estate loans, commercial loans and lines of credit (including commercial construction), commercial leases and consumer loans. Its investment portfolio includes the United States agency securities, bank stocks, and other bonds and notes. Its primary source of funds is derived from customer deposits, which are typically generated by its branch offices.

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