On January 9, 2015, Stilwell Partners, L.P. announced that it hopes to work with existing management and the board of directors to maximize shareholder value. In addition, Stilwell Partners stated that it will encourage management and the board to pay dividends to shareholders and repurchase shares of outstanding common stock with excess capital when permitted by applicable regulations. Further, Stilwell Partners stated that if the Company pursues any action that dilutes tangible book value per share, it will aggressively seek board representation.