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NEW YORK, April 30, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated
Top 50 in the 2018-2020 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating
First Choice Bancorp ("FCBP" or the "Company")
(FCBP) relating to its proposed acquisition by Enterprise Financial Services Corp. Under the terms of the agreement, FCBP shareholders will receive 0.6603 shares of Enterprise per share they own.
The investigation focuses on whether First Choice Bancorp and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company by 1) failing to conduct a fair process, and 2) whether the transaction is properly valued.