HALL CLAIMS WIN IN LOCAL BANK STAKES

The Fair Haven office is one of just five for the locally focused bank. (Click to enlarge)

By MIKE BARON

The shareholders of Rumson-Fair Haven Bank & Trust have spoken, and they apparently aren’t all that worried that hedge fund honcho George Hall is going to turn the their well-heeled area into a Pottersville.

Hall is the founder of investment firm Clinton Group, which has more than $2.5 billion in assets under management, according to its website. On May 11, he won his battle to remove William Barrett as chairman of of the five-branch bank after an independent judge finalized the results of the bank’s annual shareholder vote. Hall is replacing Barrett on the board, and a new chairman is set to be chosen when the bank’s directors meet on Monday.

While the area is undoubtedly a far cry from Bedford Falls, the fictional setting of the classic movie “It’s a Wonderful Life,” Barrett had reportedly likened Hall to Henry Potter, the film’s villain, amid criticism by Hall that the bank wasn’t doing enough local lending.

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SLANTY SHANTY STRAIGHTENS UP

slanty-shanty1

The building was shut down by the borough government as uninhabitable in 2007. The more recent photo was taken last month.

By DUSTIN RACIOPPI

It was, for a long time, a tilting eyesore on West Front Street.

People were afraid to walk by it out of fear of it tumbling down on them, neighbors say. It was caving in on itself and deemed unfit for occupancy by the borough. It was a ramshackle, dilapidated, all-around derelict.

A redbankgreen reader dubbed it the ‘Slanty Shanty.’

But that tiny building that once blighted the area of 214 West Front is no longer a beaten down mess of brick and mortar.

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