trending Market Intelligence /marketintelligence/en/news-insights/trending/RC3mpQ2XPnNw9iBM4VbetA2 content esgSubNav
In This List

Montgomery Bancshares director sells entire stake, steps down from board

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Montgomery Bancshares director sells entire stake, steps down from board

The controlling shareholder group of Montgomery, Ill.-based Montgomery Bancshares Inc. has acquired 2,889 shares from other shareholders and canceled 862 of them. The 2,889 shares represented a 12.04% stake in the company.

The remaining 2,027 shares were purchased for $117,624 in total and split between siblings Susan Volkert and Michael Volkert. Members of the Volkert family now own an aggregate 15,073 shares, or a 65.14% stake. Susan Volkert is on the board of directors.

One of the selling shareholders was Stephen Morcos, also a board member at the time of the sale agreement. Morcos has stepped down from the board.