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Annapolis Bancorp Investor Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to FNB Corp.

  Annapolis Bancorp Investor Alert: Briscoe Law Firm and Powers Taylor, LLP
  Investigate Sale to FNB Corp.

Business Wire

DALLAS -- October 23, 2012

Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of Annapolis Bancorp, Inc. (“Annapolis”) (NasdaqCM:
ANNB) to FNB Corp. for shareholders. Under the proposed sale, Annapolis
shareholders will receive 1.143 shares FNB common stock for each share of
Annapolis stock owned in a deal valued at $49 million. Based upon Monday’s
closing, the transaction values ANNB stock at approximately $12.21 per share.

If you are an affected investor, and you want to learn more about the lawsuit
or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free
(877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at
The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Annapolis sale investigation centers on whether Annapolis shareholders are
receiving adequate compensation for their shares in the buyout, whether the
transaction undervalues Annapolis stock, and whether Annapolis’s board
attempted to obtain the highest share price for all shareholders prior to
agreeing to the deal. Shareholder rights attorney Willie Briscoe stated that
“because Annapolis shareholders will only receive FNB common stock for their
shares, we believe that the transaction may undervalue Annapolis stock. Our
lawsuit will seek to obtain the highest share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.

Contact:

Powers Taylor, LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com