Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of FedFirst Financial
Corp. ("FedFirst" or the "Company") (Nasdaq: FFCO) relating to the
proposed acquisition by CB Financial Services, Inc. ("CB").
Click here to learn more about the investigation http://brodsky-smith.com/746-ffco-fedfirst-financial-corp.html,
or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, FedFirst shareholders will now
receive only $23.00 in cash or shares of CB common stock based on a
fixed exchange ratio of only 1.1590 shares of CB stock for each share of
FedFirst stock they own. The transaction subjects FedFirst shareholders
to proration to ensure at closing that 65% of the outstanding shares of
FedFirst common stock are exchanged for shares of CB common stock and
the remaining 35% are exchanged for cash.
The investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directors ofFedFirst for not
acting in the Company's shareholders' best interests in connection with
the sale process. The transaction may undervalue FedFirst and the
investigation seeks to determine if conflicts of interest played a role
in the transaction. Effective upon the closing of the merger, current
FedFirst directors John J. LaCarte, John M. Swiatek, Patrick G. O'Brien
and Richard B. Boyer will be appointed to the boards of directors of CB
and Community Bank. In addition, Mr. O'Brien will serve as Executive
Vice President and Chief Operating Officer of Community Bank and Mr.
Boyer will serve as Vice President of Insurance Operations of Community
Mr. Boyer currently serves as President and Chief Operating Officer of
Exchange Underwriters, Inc., a Cannonsburg, PA-based full-service
insurance agency, in which First Federal Savings Bank, through a
wholly-owned subsidiary, owns an 80% equity interest. Mr. Boyer owns the
remaining 20% equity interest. Under the terms of the merger agreement,
First Federal Savings Bank will purchase from Mr. Boyer his 20% equity
interest before the closing of the merger. Mr. Boyer will continue to
serve as President and Chief Operating Officer of Exchange Underwriters,
Inc. upon the closing of the merger.
If you own shares of FedFirst common stock and wish to discuss the legal
ramifications of the investigation, 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
by visiting http://brodsky-smith.com/746-ffco-fedfirst-financial-corp.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and successfully recovered millions of dollars for our clients
and shareholders. Attorney advertising. Prior results do not guarantee a
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