NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Community Bank (OTC MKTS: CYHT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to a subsidiary of CVB Financial Corp. (NASDAQGS: CVBF). Under the terms of the transaction, Community Bank shareholders will receive 9.4595 shares of CVB Financial Corp. common stock and $56.00 per share in cash for each Community Bank share they own.
The investigation concerns whether the Community Bank Board of Directors breached their fiduciary duties to Community Bank stockholders by failing to adequately shop the Company before entering into this transaction and whether CVB Financial Corp. is underpaying for Community Bank shares, thus unlawfully harming Community Bank stockholders.
If you own common stock in Community Bank and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or http://docs.wongesq.com/CYHT-Info-Request-Form-1846.
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.