We Give Shareholders a Voice
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of United American Bank (“United American Bank” or the “Company”) (OTCMKTS: UABK) to Heritage Bank of Commerce. Under the terms of the transaction, United American Bank shareholders will receive 2.1644 Heritage shares for each United American Bank share they own.
The investigation concerns whether the Board of United American Bank breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Heritage Bank of Commerce is underpaying for United American Bank shares, thus unlawfully harming United American Bank shareholders.
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