A feud between two founders of Touchmark Bancshares (TMAK) in Alpharetta, Ga., highlights the boardroom tension other community banks may be feeling.
A disagreement over Touchmark's strategic direction spilled over to investors after Vice Chairman Bobby Williams made a public appeal to sell the $135 million-asset company. He claimed in a May 6 letter that Jayendrakuma Shah, Touchmark's chairman and biggest shareholder, has lost perspective and evolved into an autocrat.
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