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PVF Capital shareholders voice concern over company's poor performance
By Lisa Kerner
Charlotte, N.C., Feb. 22 - PVF Capital Corp. shareholders led by Richard Barone and known as Ancora Entities, along with client Umberto Fedeli, have discussed with the company's management and directors ways to improve PVF Capital's business, according to a schedule 13D filing with the Securities and Exchange Commission.
Barone and Fedeli cited the Cleveland, Ohio, bank holding company's performance compared to its peers in the market - specifically, the drop in the company's return on equity, return on assets and the decline in its efficiency ratio.
Barone and Ancora Entities hold 652,014 shares, or 8.44%, of PVF Capital's outstanding common shares.
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