WILMINGTON, Del., April 13, 2021 (GLOBE NEWSWIRE) Rigrodsky Law, P.A. announces that it is investigating: Severn Bancorp, Inc. (NASDAQ GS: SVBI) regarding possible breaches of fiduciary duties and other violations of law related to Severn’s agreement to be acquired by Shore Bancshares, Inc. Under the terms of the agreement, Severn’s shareholders will receive 0.6207 shares of Shore Bancshares and $1.59 in cash per share. To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-severn-bancorp-inc. The Bank of Fincastle (OTC: BFTL) regarding possible breaches of fiduciary duties and other violations of law related to Bank of Fincastle’s agreement to be acquired by First National Corporation. Under the terms of the agreement, Bank of Fincastle’s shareholders will receive either: (i) $3.30 in cash, (ii) a number of shares of First National common stock, or (iii) a combination of cash and shares of First National common stock
Jeff Sturgeon and Casey Fabris
The Roanoke Times
Roanoke restaurant operators Moises and Lisa Nucamendi have gotten a second cash infusion from the Paycheck Protection Program for their beleaguered business accounts as they continue to plate and box up Mexican classics amid the pandemicâs deadliest phase so far.
Taxpayer-funded relief helped sustain Alejandroâs Mexican Grillâs three Roanoke Valley locations and staff of about 45 people in 2020, they said. But the Mexican eatery founded in 2007 is still beset by a drop in revenue of between 30% and 35% when compared to pre-pandemic times.
This week the company received a second PPP loan under the recently reopened federal program designed to save private and nonprofit sector jobs in industries hobbled by the virus. Recipients who received money last year may apply again. Bank of Fincastle handled the loan on behalf of the government.