Loan Growth: Driver and Sept

loan growth: This material has been extracted from filings released by the SEC from Sept. 5 through Sept. 11, 2019, according to The Independent. Source Insider Score Activist Holdings First United FUNC Driver Management revealed on Sept. 5 that it holds 360,637 shares of the community bank, equal to nearly 5.1% of the outstanding stock. Subsequent changes in holdings or intentions must be reported in amended filings. That figure includes 256,637 shares purchased from July 24 through Aug. 30 at a price range of 19.93 to 21.55 each. Driver continued that First United lacks scale to justify an elevated expense base and possess a branch network that has been unable to create sufficient operating leverage due to lackluster organic loan growth. Driver disclosed that it intends to purchase additional shares, as it believes First United represents a very attractive investment opportunity an opportunity that others seem to have discovered, as well. (news.financializer.com). As reported in the news.