BALA CYNWYD, Pa., Feb. 25, 2013 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of PVF Capital
Corp. ("PVF Capital" or the "Company") (Nasdaq- PVFC-News) relating
to the proposed acquisition by F.N.B. Corporation ("FNB").
Under the terms of the transaction, PVF Capital shareholders
will receive only 0.3405 of a FNB share of stock for each share of
PVF Capital stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of PVF Capital for not acting in the Company's
shareholders' best interests in connection with the sale process to
FNB. The focus of the investigation is whether the PVF Capital
Board of Directors breached their fiduciary duties by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction. The transaction may undervalue PVF
Capital as FNB would receive PVF Capital's total deposits worth
approximately $634 million and
$600 million of gross loans. In
addition, the deal would be immediately accretive to FNB's earnings
(excluding one-time transaction costs of approximately $14.3 million) and tangible book value per
share.
If you own shares of PVF Capital stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/546-pvfc-pvf-capital-corp.html, by calling
toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC