Trading primarily on M&A rumors; risk of underperformance if deals do not materialize.

Cited as an example where the CEO's reluctance to sell was not received well by the market, highlighting the risk that management's desire to remain independent can be an obstacle to realizing M&A value.

Used as a prime example of management risk in the regional bank M&A theme. The stock dropped 9% after its CEO suggested the bank might be an acquirer rather than a seller.

Investors should monitor for potential further volatility as credit issues raise questions about asset quality.