Law Office of Brodsky & Smith, LLC Announces Investigation of San Diego Trust Bank

Sat Mar 23, 2013 12:00pm EDT

* Reuters is not responsible for the content in this press release.

BALA CYNWYD, Pa.--(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating potential
claims against the Board of Directors of San Diego Trust Bank ("San Diego Trust"
or the "Company") (OTC: SDBK) relating to the proposed acquisition by Pacific
Premier Bancorp, Inc. ("PPBI"). 

Under the terms of the transaction, San Diego Trust shareholders will receive
only $13.41 in cash or 1.114 shares of PPBI common stock, or a combination of
the cash and PPBI common stock, for each share of San Diego Trust stock they
own. The investigation concerns possible breaches of fiduciary duty and other
violations of state law by the Board of Directors of San Diego Trust for not
acting in the Company`s shareholders' best interests in connection with the sale
process. The transaction may undervalue the Company and will result in a loss or
no significant gain for many long term San Diego Trust shareholders. For example
San Diego Trust stock traded at $14.50 as recently as March 5, 2012 and $21.84
on June 8, 2011. 

If you own shares of San Diego Trust stock and wish to discuss the legal
ramifications of the proposed transaction, 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
602, Bala Cynwyd, PA 19004, by e-mail at
visiting, by calling
toll free 877-LEGAL-90.

Brodsky & Smith, LLC
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire

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