NEW YORK, March 23, 2021 /PRNewswire/ -- Rowley Law PLLC is
investigating potential securities law violations by Pacific
Mercantile Bancorp (NASDAQ: PMBC) and its board of directors
concerning the proposed acquisition of the company by Banc of
California, Inc. (NYSE: BANC).
Stockholders will receive 0.5 shares of Banc of California common stock for each share of
Pacific Mercantile Bancorp stock that they hold. The transaction is
valued at approximately $235 million
and is expected to close in the third quarter of 2021.
If you are a stockholder of Pacific Mercantile Bancorp and are
interested in obtaining additional information regarding this
investigation, please visit us
at: http://www.rowleylawpllc.com/investigation/pmbc/. You may
also contact Shane Rowley, Esq. at
Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at
info@rowleylawpllc.com, or by telephone at 914-400-1920 or
844-400-4643 (toll-free).
Rowley Law PLLC represents shareholders nationwide in class
actions and derivative lawsuits in complex corporate litigation.
For more information about the firm and its attorneys, please visit
http://www.rowleylawpllc.com.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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SOURCE Rowley Law PLLC