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SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Palmetto Bancshares Inc.
[April 27, 2015]

SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Palmetto Bancshares Inc.


Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Palmetto Bancshares Inc. ("Palmetto" or "the Company") (Nasdaq: PLMT) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to United Community Banks, Inc. ("United").

Click here to learn more about the investigation http://brodsky-smith.com/921-plmt-palmetto-bancshares-inc.html, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Palmetto shareholders will receive only $19.25 in cash for each share of Palmetto stock they own. The investigation concerns whether the Board of Palmetto breached their fidciary duties to shareholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether United is underpaying for Palmetto. The transaction may both undervalue Palmetto and would result no real gain for many holders of Palmetto stock. The $19.25 price being paid to shareholders is below analyst price targets, below the price Palmetto stock has traded, and is below the premium paid in comparable transactions.



In addition, Palmetto is a 108-year old community bank that has served South Carolina through 25 branch locations in nine counties along the I-85 corridor. Palmetto has total assets of $1.2 billion, loans of $832 million and deposits of $967 million.

If you own shares of Palmetto 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/921-plmt-palmetto-bancshares-inc.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 class 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 have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.


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