NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Pacific Commerce Bancorp (“Pacific Commerce” or the “Company”) (OTC PINK: PCBC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to First Choice Bancorp (OTC MKTS: FCBP). Under the terms of the deal, Pacific Commerce stockholders will receive 0.46531 shares of First Choice common stock for each share of Pacific Commerce they own, representing a value of approximately $11.54 per share.
The investigation concerns whether the Pacific Commerce Board of Directors breached their fiduciary duties to Infinity stockholders by failing to adequately shop the Company before entering into this transaction and whether First Choice Bancorp is underpaying for Infinity shares, thus unlawfully harming Pacific Commerce stockholders.
If you own common stock in Pacific Commerce and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or http://docs.wongesq.com/PCBC-Info-Request-Form-1836.
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.
