Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Palmetto Bancshares Inc (NASDAQ: PLMT) acted responsibly on behalf of investors’ profitability in the planned $240.5 million sale to United Community Banks Inc.

On April 22, 2015, Palmetto Bancshares Inc (NASDAQ: PLMT) and United Community Banks Inc (NASDAQ: UCBI) announced that they had entered into a merger agreement. Under the terms of the merger agreement, United will offer Palmetto shareholders $ $19.25 in cash or 0.97 shares of United common stock, or any combination thereof, for each share of Palmetto common stock.

Based in Greenville, SC and founded in 1906, Palmetto Bancshares Inc is the bank holding company for The Palmetto Bank that operates as its provider of retail and commercial banking, and wealth management services to consumers and businesses in the United States.

The investigation is looking to uncover whether Palmetto Bancshares Inc was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $19.50 per share.

If you purchased shares of Palmetto Bancshares Inc prior to April 22, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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