The Law Firm of Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Commer...

Levi & Korsinsky is investigating the Board of Directors of CommerceFirst Bancorp, Inc. (“CommerceFirst” or the “Company”) (Nasdaq: CMFB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sandy Spring Bancorp, Inc. (Nasdaq: SASR). Under the proposed agreement, Sandy Spring will acquire all of the shares of CommerceFirst common stock for a combination of 50% Sandy Spring common stock and 50% cash. CommerceFirst shareholders may elect to receive cash, stock, or a combination of both. The stock consideration will be at a fixed exchange ratio of 0.8043 of a Sandy Spring share and the cash consideration will be $13.60 per share. The transaction has a total approximate value of $25.4 million in cash and stock.

Click here to learn how to join the action: http://www.zlk.com/commercefirst-bancorp-cmfb, or call: 877-363-5972.

The investigation concerns whether the CommerceFirst Board of Directors breached their fiduciary duties to CommerceFirst stockholders by failing to adequately shop the Company before entering into this transaction and whether Sandy Spring Bancorp, Inc. is underpaying for CommerceFirst shares, thus unlawfully harming CommerceFirst stockholders.

If you own common stock in CommerceFirst and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.

Levi & Korsinsky has extensive expertise in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Commercefirst Bancorp (NASDAQ:CMFB)
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