Cast


Firstbank Corporation (FBMI)

(NasdaqGS: FBMI)

SUMMARY

 
 

Faruqi & Faruqi, LLP, Partner Juan E. Monteverde Launches an Investigation of Firstbank Corporation Over the Proposed Sale of the Company to Mercantile Bank Corp.

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Firstbank Corporation (“Firstbank” or the “Company”) (NasdaqGS: FBMI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Mercantile Bank Corp. (“Mercantile”) (NasdaqGM: MBWM) in a deal valued at approximately $216 million.  Under the terms of the proposed transaction, Firstbank’s shareholders will receive one share of Mercantile common stock, worth about $19.75 per share based on August 14 closing prices, for each share of Firstbank common stock they own.

The investigation focuses on whether Firstbank’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Firstbank shareholders. 

If you own common stock in Firstbank and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

 
 

Request Information

 
  Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
Company:Firstbank Corporation (FBMI)
 
 
*Security code:
 
   
 
 

Contact Counsel

Juan E. Monteverde
Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330
Email:  jmonteverde@faruqilaw.com

Send Information

If you have information regarding this case that you would
like to make available, please click here to contact us
about our investigation

Case Details