Management ChangeJul 9, 2026, 09:03 AM
Central Plains Bancshares Appoints Two Directors, Including Activist Nominee
AI Summary
Central Plains Bancshares, Inc. and Home Federal Savings and Loan Association of Grand Island appointed Dannel R. Garness and Francis Younes to their respective Boards of Directors on July 7, 2026. Mr. Younes was the nominee proposed by the Stilwell Group, an activist investor, who also intends to present a business proposal for the company to repurchase no less than 10% of its outstanding common stock annually if it trades below book value per share. Mr. Garness will not receive director fees as an employee director, while Mr. Younes will receive standard non-employee director compensation.
Key Highlights
- Central Plains Bancshares appointed Dannel R. Garness to its Boards of Directors.
- Central Plains Bancshares appointed Francis Younes to its Boards of Directors.
- Mr. Younes was nominated by the Stilwell Group, an activist investor.
- The Stilwell Group also proposed an annual share repurchase of at least 10% of common stock if trading below book value.
- Mr. Garness, an employee director, will not receive director fees.
- Mr. Younes will receive standard non-employee director compensation.
Price Impact