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MILWAUKEE, June 3, 2021 /PRNewswire/ Ademi LLP is investigating Community Bankers Trust (Nasdaq: ESXB) for possible breaches of fiduciary duty and other violations of law in its transaction with United Bankshares.
Click here to learn how to join the action: https://www.ademilaw.com/case/community-bankers-trust-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Community Bankers Trust s financial outlook is excellent and yet Community Bankers Trust shareholders will receive only 0.3173 of United s shares for each share of Community Bankers Trust, resulting in an aggregate transaction value of approximately $303.3 million. The merger agreement unreasonably limits competing bids for Community Bankers Trust by prohibiting solicitation of further bids, and imposing a termination penalty if Community Bankers Trust accepts a superior bid. Community Bankers Trust insiders will r
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Ruan IV elected chair of Bankers Trust board, succeeding Ruan III Tuesday, May 25, 2021 10:40 AM The Bankers Trust board of directors has voted John Ruan IV as chairman of its elected board. In this role, he will lead the board and ensure it is effective in setting and implementing the company s direction and strategy. His father, John Ruan III, will continue in his role as chairman of the board of Bankers Trust Holding Co. With total assets of $5.828 billion as of March 31, Des Moines-based Bankers Trust markets itself as the largest independently owned depository institution in the state. The bank employs more than 600 people across the country, with branches in Central Iowa, Cedar Rapids, and Phoenix, Ariz., and offices in Omaha and Sioux Falls, according to its website. John Ruan IV’s grandfather, John Ruan II, acquired majority ownership of the bank in July 1964, according to the 2017 centennial history of Bankers Trust Co.