We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Eagle Bancorp Montana, Inc. (“Eagle Bancorp” or the “Company”) (NASDAQ:EBMT) in connection with the Company’s proposed acquisition of First Community Bancorp, Inc. (“First Community”). Under the terms of the merger agreement, First Community shareholders will receive $276.32 in cash and 37.7492 shares of Eagle Bancorp stock for each First Community share they hold, for a total transaction value of approximately $41.3 million.
WeissLawLLP is investigating whether: (i) Eagle Bancorp’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, and (ii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.