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Empire National proxy battle yields dissident control
Dissident shareholders win a partial victory in the Empire National Bank board election. Arthur Schmidt Jr and John Payne Jr lead the effort against a merger with Bank of Commerce, capturing 12 of 19 seats. Carl Barmann and Belle Mayer Zeck join the dissidents, while Norman MacBeth and Richard Stover head the management slate. Eight directors are Rockland County connected, with Empire having assets around 475.8 million.
MENTIONED IN THIS ARTICLE
Ron Rosenberg
New York
Empire National Bank
Bank of Commerce of
New York City
Arthur W. Schmidt Jr
John Payne Jr
Carl Barmann
Middletown
Schmidt Payne
Financial Bankshare Inc
Richard H. Stover
Norman MacBeth
Newburgh
Belle Mayer Zeck
Rockland County
Rockland National Bank
County National Bank
Empire
mid-Hudson
Schmidt
Financial General
Bankshares Inc
Washington, D.C
Bank of Commerce
Schmidt Jr
Payne, Jr
Edward J. Brown
George W. Georges
Eugene A. McAteer
Francis X. Galivan
Marshall Rooney
James van W. Brown
James A. Collishaw
Bernard A. Kennedy
Leonard Kohl
Mrs. Zeck
Samuel M. Cuddeback, Jr
Monroe R. Davis
John J. Gartland, Jr
Edward J. Russell
Stover and Barmann