Suncrest Bank Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Suncrest Bank Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm - SBKK

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Suncrest Bank (OTCQX: SBKK) to CVB Financial Corp. is fair to Suncrest shareholders.

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Thursday, July 29, 2021
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Legal, Professional services, Articles, Economy, Business, Legal entities, Corporate finance, Suncrest, OTC Markets Group, Shareholder, Limited liability partnership, Mergers and acquisitions, Securities fraud
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United States, NEW YORK, SUNCREST
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Summary
Key Points: 
  • Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Suncrest Bank (OTCQX: SBKK) to CVB Financial Corp. is fair to Suncrest shareholders.
  • Suncrest shareholders are expected to own approximately 6% of CVB Financials outstanding common stock following the merger.
  • On behalf of Suncrest shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.


Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Suncrest Bank (OTCQX: SBKK) to CVB Financial Corp. is fair to Suncrest shareholders. Pursuant to the agreement, each share of Suncrest common stock will receive 0.6970 shares of CVB Financial common stock and $2.69 per share in cash. Suncrest shareholders are expected to own approximately 6% of CVB Financial’s outstanding common stock following the merger.

Halper Sadeh encourages Suncrest shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

The investigation concerns whether Suncrest and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Suncrest shareholders; (2) determine whether CVB Financial is underpaying for Suncrest; and (3) disclose all material information necessary for Suncrest shareholders to adequately assess and value the merger consideration. On behalf of Suncrest shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages Suncrest shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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

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