RM LAW, P.C. is investigating potential claims against the board of directors of Pacific Commerce Bancorp (“Pacific Commerce” or the “Company”) (OTC: PCBC) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell the Company to First Choice Bancorp (“First Choice”) in a transaction valued at approximately $110.4 million.
If you own shares of Pacific Commerce and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here. You may also email Mr. Maniskas at firstname.lastname@example.org.
Under the terms of the agreement, Pacific Commerce common shareholders will be entitled to receive a fixed ratio of 0.46531 shares of First Choice common stock for each share of Pacific Commerce common stock.
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Pacific Commerce or not acting in the Company’s shareholders’ best interests in connection with the sale process.