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TMCNet:  SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Intervest Bancshares Corporation In Connection With The Proposed Sale Of The Company To Bank of the Ozarks, Inc.

[August 12, 2014]

SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Intervest Bancshares Corporation In Connection With The Proposed Sale Of The Company To Bank of the Ozarks, Inc.

STEVENSON, Md. --(Business Wire)--

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Intervest Bancshares Corporation ("Intervest" or the "Company") (NASDAQ: IBCA) relating to the proposed buyout of the Company by Bank of the Ozarks, Inc. ("Ozarks").

On July 31, 2014, Intervest and Ozarks jointly announced the signing of a definitive agreement and plan of merger whereby Ozarks will acquire all of the outstanding common stock of Intervest in a transaction valued at approximately $228.5 million.

Under the terms of the transaction, each holder of outstanding shares of common stock of Intervest will receive shares of common stock of Ozarks. Thenumber of Ozarks shares to be issued will be determined based on Ozarks' ten day average closing stock price as of the fifth business day prior to the closing date, subject to a minimum and maximum price of $23.95 and $39.91, respectively. The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether Ozarks is underpaying for Intervest shares.


If you currently own common stock of Intervest and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.


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