A victory for BankRI’s leadership

'WE THANK all of our shareholders for their continued confidence in the board as well as in BancorpRI?s long-term prospects,' BancorpRI President and CEO Merrill W. Sherman said in a statement after the bank's annual meeting. /
'WE THANK all of our shareholders for their continued confidence in the board as well as in BancorpRI?s long-term prospects,' BancorpRI President and CEO Merrill W. Sherman said in a statement after the bank's annual meeting. /
Exhaling after months under the gun, top executives and board members of Bancorp Rhode Island, the parent company of Bank Rhode Island, said last Wednesday that they believe they have won a proxy battle with an out-of-state activist shareholder. The shareholder – PL Capital Group, a Naperville, Ill.-based investment firm – had tried to place…

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