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American River Bankshares

Merger

  • Date:
  • 4/19/2021
  • Company Name:
  • American River Bankshares
  • Stock Symbol:
  • AMRB
  • Company Name - Buyer:
  • Bank of Marin Bancorp
  • Stock Symbol - Buyer:
  • BMRC
  • Status:
  • Investigating
  • Merger Announcement Date:
  • 4/19/2021

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NEW YORK, April 19, 2021 – Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of American River Bankshares (NASDAQ: AMRB) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Bank of Marin Bancorp (NASDAQ: BMRC).

On April 19, 2021, American River announced that it had signed an agreement to be acquired by Bank of Marin for approximately $134 million.  Pursuant to the merger agreement, American River stockholders will receive 0.575 shares of Bank of Marin common stock for each share of American River common stock owned.  The deal is scheduled to close in the third quarter of 2021.

Bragar Eagel & Squire is concerned that American River’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement.  Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for American River’s stockholders.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in American River Bankshares. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

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