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 fill in the contact form on this page. You may also contact Shane Rowley, Esq. at Rowley Law PLLC, 50 Main Street Suite 1000, White Plains, NY 10606, by email at email@example.com, or by telephone at 914-400-1920 or 844-400-4643 (toll-free).
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