NEW YORK, NY / ACCESSWIRE / January 3, 2020 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased FSB Bancorp, Inc. ("FSB" or the "Company") (NASDAQ:FSBC) stock prior to December 19, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of FSB to Evans Bancorp, Inc. ("Evans") (NYSE: EVBN). Under the terms of the agreement, Evans will acquire FSB for $17.80 per share (in 50% stock and 50% cash) for total consideration of approximately $34.7 million. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/fsb-bancorp-inc
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
The FSB merger investigation concerns whether the Board of FSB breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Evans is underpaying for FSB shares, thus unlawfully harming FSB shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP