PACIFIC COMMERCE BANCORP SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Buyout

WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:

  • Do you own shares of Pacific Commerce Bancorp (OTC PINK: PCBC)?
  • Did you purchase any of your shares prior to February 26, 2018?
  • Do you think the proposed buyout is fair?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Pacific Commerce Bancorp (“Pacific Commerce” or the “Company”) (OTC PINK: PCBC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by First Choice Bancorp (“First Choice”) (OTC QX: FCBP) in a transaction valued at approximately $110.4 million. 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.

If you own common stock of Pacific Commerce and purchased any shares before February 26, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 300 Delaware Avenue, Suite 1220, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail at info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

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Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
Fax: 302-654-7530

Source: Rigrodsky & Long, P.A.