Moore Kuehn Encourages AMRB, GFN, KNL, and MFNC Investors to Contact Law Firm
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NEW YORK, April 20, 2021 /PRNewswire/ Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies:
American River Bankshares (
AMRB)
American River Bankshares has agreed to be acquired by Bank of Marin Bancorp. Under the proposed transaction, shareholders of American River will receive 0.575 shares of Marin Bancorp per share.
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NEW YORK, April 19, 2021 (GLOBE NEWSWIRE) Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:
Knoll, Inc. (NYSE:KNL) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Herman Miller, Inc. Under the terms of the merger, Knoll shareholders will receive $11.00 in cash and 0.32 shares of Herman Miller common stock for each share of Knoll common stock they own.
If you are a Knoll shareholder,
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Sterling Bancorp (NYSE:STL) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Webster Financial Corporation. Under the terms of the merger, Sterling Bancorp shareholders will receive a fixed exchange ratio of 0.463 of a Webster share for each share of Sterling Bancorp stock they own.
Company Overview
Bank of Marin Bancorp is a United States-based bank holding company. It conducts business primarily through its wholly-owned subsidiary. The Bank provides a wide range of financial services to customers such as professionals, small and middle-market businesses, and individuals residing in Marin, Sonoma, Napa, San Francisco, Alameda, Contra Costa, and San Mateo counties. It offers commercial and retail deposit and lending programs, personal and business checking and savings accounts, and wealth management and trust services. The majority of its revenue comes from interest income.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Bank of Marin Bancorp and American River Bankshares Announce The Signing of a Merger Agreement
American River BanksharesApril 19, 2021 GMT
NOVATO, Calif. and SACRAMENTO, Calif., April 19, 2021 (GLOBE NEWSWIRE) Bank of Marin Bancorp, “BMRC” (Nasdaq: BMRC), parent company of Bank of Marin, “the Bank,” and American River Bankshares “AMRB” (Nasdaq: AMRB), parent company of American River Bank, today announced the signing of a merger agreement. American River Bankshares has ten branches across the Greater Sacramento, Amador and Sonoma County regions, assets of $916.1 million, total deposits of $788.6 million, and total loans of $475.4 million as of March 31, 2021.
American River Bankshares s Stock Price And Volume Action
American River Bankshares s (NASDAQ:AMRB) stock has been rising Monday, up 22.32% to a price of $20.25. The stock s volume is currently 82.92 thousand, which is roughly 386.81% of its recent 30-day volume average of 21.44 thousand.
Why It s Moving
Benzinga Pro s real-time breaking news service shows some insight into what is affecting shares: American River Bankshares are trading higher. The company reported Q1 earnings and also signed a merger agreement with Bank of Marin Bancorp.
Insights On Recent Price Action
The 50-day moving average price of American River Bankshares s stock was $15.4 when this article was published. The stock reached a high of $17.24 and a low of $8.9 in the past 52 weeks.