Law Firm Brower Piven Announces Investigation of CommerceFirst Bancorp, Inc.

The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of CommerceFirst Bancorp, Inc. (“CommerceFirst”) (Nasdaq: CMFB) and other violations of state law by the board of directors of CommerceFirst relating to the proposed acquisition of the company by Sandy Spring Bancorp, Inc. (“Sandy Spring”). The firm's investigation seeks to determine, among other things, whether the board breached their fiduciary duties by failing to maximize shareholder value.

On December 20, 2011, CommerceFirst and Sandy Spring announced the execution of a definitive merger agreement. According to the announcement, Sandy Spring will acquire all shares of CommerceFirst common stock for a combination of 50% Sandy Spring common stock and 50% cash. The announcement further states that the stock consideration will be at a fixed exchange ratio of 0.08043 Sandy Spring shares for each CommerceFirst share and the cash consideration will be $13.60 per share. According to the press release, the total transaction value is approximately $25.4 million in stock and cash.

If you currently own shares of CommerceFirst and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Brower Piven is a Maryland-based firm that is experienced with the Maryland legal standards that will apply in seeking to protect shareholders' rights. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.

Commercefirst Bancorp (NASDAQ:CMFB)
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