State Commercial Banks - Latest Activist Disclosures

This table shows recent activist investor (Schedule 13D) filings made in this industry. Any investor or hedge fund that makes an investment with the intention of influencing management is considered an activist investor and must file a 13D.

Date Form Target Company Investor Shares Ownership
(Percent)		 Ownership Change
(Percent)
2026-05-22 13D/A FBK / FB Financial Corporation Estate of James W. Ayers 17,692 0.00 -99.75
2026-05-18 13D UNB / Union Bankshares, Inc. Zucker Anita G 347,994 7.54
2026-05-01 13D/A MPB / Mid Penn Bancorp, Inc. Norcross Philip A 2,451,458 9.69
2026-04-27 13D/A FBK / FB Financial Corporation Estate of James W. Ayers 7,069,533 13.70 0.00
2026-04-21 13D/A FBK / FB Financial Corporation Estate of James W. Ayers 7,069,533 13.70 -0.03
2026-04-21 13D/A FRST / Primis Financial Corp. Castle Creek Capital Partners VII, LP 1,076,499 4.40 -19.10
2026-04-13 13D/A FRST / Primis Financial Corp. Castle Creek Capital Partners VII, LP 1,330,674 5.40
2026-04-08 13D/A EQBK / Equity Bancshares, Inc. Patriot Financial Partners Iii, L.p. 1,017,214 4.85 1.50
2026-04-08 13D INBK / First Internet Bancorp Lame John C 149,224 1.72
2026-04-08 13D/A FCNCN / First Citizens BancShares, Inc. - Preferred Security Holding Frank B Jr 916,649 8.59
2026-04-06 13D ASB.PRE / Associated Banc-Corp - Preferred Stock Wende L. Kotouc 9,589,901 5.09
2026-03-23 13D MRLN / Merlin, Inc. Matthew George 14,890,622 17.70
2026-03-20 13D/A MPB / Mid Penn Bancorp, Inc. Hudson Susan Doris 2,451,458 9.69 13.91
2026-03-10 13D/A PFBX / Peoples Financial Corporation Stilwell Value Partners VII, L.P. 738,135 16.00 6.80
2026-01-29 13D/A CPF / Central Pacific Financial Corp. Vm Gp Vii Llc 2,427,576 9.20 9.39
2026-01-22 13D/A PFBX / Peoples Financial Corporation Stilwell Value Partners VII, L.P. 691,112 15.00 6.77
2025-12-22 13D/A FCNCB / First Citizens BancShares, Inc. Holding Frank B Jr 178,757 17.78
2025-12-18 13D/A BWFG / Bankwell Financial Group, Inc. Bauer George P 392,180 4.98 -13.61
2025-12-12 13D/A USCB / USCB Financial Holdings, Inc. Patriot Financial Partners II, L.P. 1,867,786 10.30 -8.80
2025-11-18 13D/A FBK / FB Financial Corporation Estate of James W. Ayers 7,071,925 13.67
2025-10-14 13D/A BNY / The Bank of New York Mellon Corporation Saba Capital Management, L.P. 1,059,923 4.39 -23.99
2025-09-25 13D/A CPF / Central Pacific Financial Corp. Vm Gp Vii Llc 2,219,189 8.20 18.17
2025-09-25 13D/A FRST / Primis Financial Corp. Patriot Financial Partners Iii, L.p. 1,217,531 4.94 -7.59
2025-09-22 13D/A SYBT / Stock Yards Bancorp, Inc. Wells Darrell R 1,430,573 4.85 -13.81
2025-09-19 13D/A BNY / The Bank of New York Mellon Corporation Saba Capital Management, L.P. 1,394,517 5.78 -16.77
2025-09-18 13D/A USCB / USCB Financial Holdings, Inc. Patriot Financial Partners II, L.P. 2,047,909 11.30 -37.89
2025-09-15 13D/A BWFG / Bankwell Financial Group, Inc. Seidman Lawrence B 788,622 10.01 5.29
2025-09-15 13D AUBN / Auburn National Bancorporation, Inc. Bruce Steven Spencer 251,238 7.20
2025-09-15 13D AUBN / Auburn National Bancorporation, Inc. Anne M. May 288,885 8.30
2025-09-15 13D/A AUBN / Auburn National Bancorporation, Inc. Spencer Sandra J. 258,214 7.40
2025-09-09 13D/A PKBK / Parke Bancorp, Inc. Shemer Jacob 557,453 4.70 -8.88
2025-09-08 13D/A CPF / Central Pacific Financial Corp. Vm Gp Vii Llc 1,877,951 7.00 23.01
2025-09-04 13D/A USCB / USCB Financial Holdings, Inc. Priam Capital Fund II, L.P. 4,036,123 20.10 -10.26
2025-09-04 13D/A USCB / USCB Financial Holdings, Inc. Patriot Financial Partners II, L.P. 3,297,409 16.40 -26.68
2025-08-27 13D/A PKBK / Parke Bancorp, Inc. Shemer Jacob 611,793 5.16 -20.39
2025-08-22 13D CPF / Central Pacific Financial Corp. Vm Gp Vii Llc 1,526,651 5.70
2025-08-19 13D FRST / Primis Financial Corp. Patriot Financial Partners Iii, L.p. 1,317,531 5.35
2025-08-12 13D AVBH / Avidbank Holdings, Inc. Patriot Financial Partners IV, L.P. 1,053,918 10.00
2025-08-08 13D/A HTH / Hilltop Holdings Inc. Ford Gerald J 15,907,069 25.20 0.00
2025-08-06 13D/A PKBK / Parke Bancorp, Inc. Shemer Jacob 768,468 6.50 -7.71
2025-08-04 13D/A MPB / Mid Penn Bancorp, Inc. Hudson Susan Doris 2,152,153 9.39 19.19
2025-07-25 13D/A BNY / The Bank of New York Mellon Corporation Saba Capital Management, L.P. 1,675,576 6.95 -13.45
2025-07-18 13D/A HTH / Hilltop Holdings Inc. Ford Gerald J 15,907,069 24.80 0.00
2025-07-11 13D/A HTH / Hilltop Holdings Inc. Ford Gerald J 15,907,069 24.80 0.00
2025-07-10 13D EQBK / Equity Bancshares, Inc. Fergeson Capital, LLC 1,729,783 9.88
2025-07-08 13D/A HTH / Hilltop Holdings Inc. Ford Gerald J 15,907,069 24.80 0.77
2025-07-02 13D/A BWFG / Bankwell Financial Group, Inc. Seidman Lawrence B 748,994 9.51 0.39
2025-06-25 13D/A FCNCA / First Citizens BancShares, Inc. Holding Frank B Jr 918,104 7.59
2025-05-09 13D FBK / FB Financial Corporation Ayers J. Jonathan 10,951,925 23.83
2025-04-25 13D/A MPB / Mid Penn Bancorp, Inc. Hudson Susan Doris 1,805,713 9.33 12.50