SOCB SHAREHOLDER ALERT: The Law Offices of Vincent Wong Launch an Investigation of the Board of Directors of Southcoast Financial Corporation Regarding the Sale of the Company to BNC Bancorp

NEW YORK--()--The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Southcoast Financial Corporation (NASDAQ: SOCB) in connection with the sale of the Company to BNC Bancorp (NASDAQ: BNCN). Under the terms of the transaction, Southcoast shareholders will receive $13.35 for each share of Southcoast common stock, payable in shares of BNC common stock based upon the 20-day volume weighted average price of BNC common stock prior to the closing of the merger subject to minimum and maximum exchange ratios.

Click here to learn about the case: http://docs.wongesq.com/SOCB-Info-Request-Form-857. There is no cost or obligation to you.

The investigation concerns whether the Board of Southcoast breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether BNC Bancorp is underpaying for Southcoast shares.

If you own common stock in Southcoast and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/SOCB-Info-Request-Form-857.

Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

The Law Offices of Vincent Wong
Vincent Wong, Esq., 212-425-1140
Fax. 866-699-3880
vw@wongesq.com

Release Summary

The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Southcoast Financial Corporation in connection with the sale of the Company

Contacts

The Law Offices of Vincent Wong
Vincent Wong, Esq., 212-425-1140
Fax. 866-699-3880
vw@wongesq.com