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.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access