SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of State Investors Bancorp, Inc. And Encourages Investors To Contact The Firm For Additional Information

STEVENSON, Md.--()--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 State Investors Bancorp, Inc. (“State Investors” or the “Company”) (Nasdaq: SIBC) relating to the proposed buyout of the Company by First NBC Bank Holding Company (“First NBC”).

On December 30, 2014, State Investors and First NBC jointly announced the signing of a definitive agreement pursuant to which First NBC will acquire State Investors by means of a merger. Under the terms of the transaction, shareholders of State Investors are expected to receive $21.25 for each share of State Investors common stock held. The transaction is expected to close in the second quarter of 2015, though State Investors shareholders will most likely be asked to vote on the transaction well before that time.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

If you currently own common stock of State Investors 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 You may also request more information by contacting Brower Piven either by email at 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.


Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153

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