NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Pacific Commerce Bancorp (“Pacific Commerce” or the “Company”) (OTC PINK:PCBC) stock prior to February 26, 2018.
You are hereby notified that Levi & Korsinsky has commenced an investigation into the fairness of the sale of Pacific Commerce to First Choice Bancorp (OTC MKTS: FCBP). Under the terms of the transaction, Pacific Commerce shareholders 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. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The investigation concerns whether the Board of Pacific Commerce breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether First Choice Bancorp is underpaying for Pacific Commerce shares, thus unlawfully harming Pacific Commerce shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.