|[March 12, 2013]
Law Offices of Todd M. Garber Announces Investigation of San Diego Trust Bank
LOS ANGELES --(Business Wire)--
The Law Offices of Todd M. Garber announces that it is investigating
potential claims against the Board of Directors of San Diego Trust Bank
("SDBK" or the "Company") (OTC Markets: SDBK) related to the proposed
acquisition of the Company by Pacific Premier Bancorp, Inc ("PPBI"). The
transaction is valued at approximately $30.6 million. Under the terms of
the deal, shareholders will have the option to receive $13.41 per share
in cash, 1.114 shares of PPBI common stock for each share of SDBK, or a
combination of the two - subject to the overall requirement that 50% of
the consideration be n cash and 50% be in PPBI stock.
This investigation concerns whether the Board of Directors of SDBK
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction. The Company has seen substantial
recent growth. Its share price has skyrocketed from $11.25 on October 4,
2012 to $14.50 on February 21, 2013.
If you are a shareholder of SDBK, if you have information or would like
to learn more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Todd
M. Garber, Esquire, of the Law Offices of Todd M. Garber, by telephone
at 213-700-7262 or by email to firstname.lastname@example.org.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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