RBAZ Bancorp, Inc. (OTCPK - RBAZ)

RBAZ Bancorp, Inc. (OTCPK – RBAZ)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of RBAZ Bancorp, Inc. (OTCPK – RBAZ)

BALA CYNWYD – May 20, 2024 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of RBAZ Bancorp, Inc. (“RBAZ” or the “Company”) (OTCPK – RBAZ), the holding company of Republic Bank of Arizona (“Republic Bank”), for possible breaches of fiduciary duty and other violations of federal and state law in connection with the acquisition of the Company by Pima Federal Credit Union (“Pima”). Under the terms of the transaction, Pima will purchase substantially all of the assets and assume substantially all of the liabilities of Republic Bank in an all-cash transaction where RBAZ shareholders will receive $22.00 in cash for each share of stock they hold.

The investigation concerns whether the RBAZ Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration offers fair value to the Company’s shareholders.

If you own shares of RBAZ stock 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 who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman by email at clients@brodsky-smith.com, or call toll free 855-576-4847.

Brodsky & Smith 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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