Michael quagliano current chairman is a self made very successful business man & put his daughter already on the board so that always rubs bankers the wrong way and from my understanding SLRK business doesn’t really need many/typical bankers & tellers and that limits need for C-suite need beyond regulatory mandatory positions. There was debate about installing a dividend policy and that had caused some friction as well. The new board addition is successful tech guy and probably will help install much more computerized systems etc for scale. Excellent value play & acquisition target for a bigger organization to acquire “cheap” deposits. It needs more transparency on management level & IR and more visualization of their strategy and business niche model IMO
Dividend would be the boosts that’s needed and I believe the ONLY sell supply of shares is stemming from former CEO and CFO, think CFO was about 30k shares CEO used to about 5% holder.