[August 09, 2014]

SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Siuslaw Financial Group, Inc. in Connection with the Proposed Sale of the Company to Banner Corporation

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Siuslaw Financial Group, Inc. ("Siuslaw" or the "Company") (Other OTC:SFGP) relating to the proposed buyout of the Company by Banner Corporation ("Banner").

Under the terms of the transaction, Siuslaw shareholders will receive $1.41622 in cash plus 0.32231 of a share of Banner common stock for each Siuslaw share they own; this represents a value of approximately $14.03 per share, based on Banner's closing price on August 7, 2014. The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether Banner is underpaying for Siuslaw shares.

If you currently own common stock of Siuslaw and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

[ Back To TMCnet.com's Homepage ]