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JACKSONVILLE BANCORP, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

WILMINGTON, Del.--(BUSINESS WIRE)--

Rigrodsky & Long, P.A.:

  • Do you own shares of Jacksonville Bancorp, Inc. (NASDAQ CM: JXSB)?
  • Did you purchase any of your shares prior to January 18, 2018?
  • Do you think the proposed buyout is fair?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Jacksonville Bancorp, Inc. (“Jacksonville Bancorp” or the “Company”) (NASDAQ CM: JXSB) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by CNB Bank Shares, Inc. (“CNB Shares”) in a transaction valued at approximately $61.6 million. Under the terms of the agreement, shareholders of Jacksonville Bancorp will receive $33.70 in cash for each share of Jacksonville Bancorp common stock. Following the merger, Jacksonville Savings Bank, the wholly-owned subsidiary of Jacksonville Bancorp, will merge with and into CNB Bank & Trust (“CNB B&T”), the wholly-owned subsidiary of CNB Shares.

If you own common stock of Jacksonville Bancorp and purchased any shares before January 18, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242, or by e-mail at info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities fraud, shareholder corporate, and shareholder derivative litigation on behalf of shareholders in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

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