Fenimore Raises Stake in TransWorld Bancorp
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Fenimore Asset Management Inc., a money-management firm, raised its stake in TransWorld Bancorp to 6.8% of the company’s stock from 5.2%.
In a filing with the Securities and Exchange Commission, Fenimore said it bought an additional 18,532 shares in the Sherman Oaks-based company, which operates Trans World Bank.
Fenimore, based in Cobleskill, N.Y., said it paid between $12 and $14 a share for the stock, and now owns a total of 76,177 TransWorld shares.
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