METRO BANCORP SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Metro Bancorp, Inc. (METR) Over the Proposed Sale of the Company to F.N.B. Corporation

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Metro Bancorp, Inc.

NEW YORK--()--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Metro Bancorp, Inc. (“Metro” or the “Company”) (NASDAQ:METR) for potential breaches of fiduciary duties in connection with the sale of the Company to F.N.B. Corporation for approximately $474 million in an all-stock transaction.

Under the terms of the merger agreement, which has been approved by the board of directors of each company, shareholders of Metro will be entitled to receive 2.373 shares of FNB common stock for each common share of Metro. This is approximately $31.98 per share using the opening stock price of FNB as of Monday, August 3, 2015

However, the offer represents a negligible premium compared to the opening price of $30.54 per share on August 7, 2015 and is below at least one analyst target price of $38.00 per share.

Click here for more information: www.faruqilaw.com/METR. There is no cost or obligation to you.

The investigation focuses on whether Metro’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Metro’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in Metro and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/METR or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

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Contacts

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330

Contacts

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330