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Bank Activist Lawrence Seidman Unveils New Target

The Seidman & Associates founder, who specializes in small- and micro-cap banks, revealed a stake in Polonia Bancorp.

The most active bank activist investor no one has heard of has struck again. Lawrence Seidman, founder of Parsippany, New Jersey–based Seidman & Associates, just disclosed that he owns 5.46 percent of Polonia Bancorp, a Huntingdon Valley, Pennsylvania–based holding company for Polonia Bank with seven banking offices and $305 million in

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