Rigrodsky & Long, P.A. Announces Investigation Of Virginia Commerce Bancorp, Inc. Buyout

  Rigrodsky & Long, P.A. Announces Investigation Of Virginia Commerce Bancorp,
  Inc. Buyout

Business Wire

WILMINGTON, Del. -- January 31, 2013

Rigrodsky & Long, P.A.:

  *Do you own shares of Virginia Commerce Bancorp, Inc. (NASDAQ GS: VCBI)?
  *Did you purchase any of your shares prior to January 30, 2013?
  *Do you think the proposed buyout price is too low?
  *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 Virginia Commerce Bancorp, Inc.
(“VCBI” or the “Company”) (NASDAQ GS: VCBI) regarding possible breaches of
fiduciary duties and other violations of law related to the Company’s entry
into an agreement to be acquired by United Bankshares, Inc. (“UBSI”) (NASDAQ
GS: UBSI) in a transaction valued at approximately $491 million.

Click here to learn more:
http://www.rigrodskylong.com/investigations/virginia-commerce-bancorp-inc-vcbi.

Under the terms of the proposal, public shareholders of VCBI will receive
0.5442 shares of UBSI for each share of VCBI they own. Based upon UBSI’s
closing stock price of $25.14 on January 30, 2013, VCBI shareholders would
have received consideration valued at approximately $13.68 per share.

The investigation concerns whether VCBI’s board of directors failed to
adequately shop the Company and obtain the best possible value for VCBI’s
shareholders before entering into an agreement with UBSI. According to Yahoo!
Finance, at least one analyst has set a price target for VCBI stock at $14.00.

If you own the common stock of VCBI and purchased your shares before January
30, 2013, if you have information or would like to learn more about these
claims, or if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with respect to these
matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate
Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242,
by e-mail to info@rigrodskylong.com, or at:
http://www.rigrodskylong.com/investigations/virginia-commerce-bancorp-inc-vcbi.

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

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

Contact:

Rigrodsky & Long, P.A.
Peter Allocco
(888) 969-4242
(516) 683-3516
Fax: (302) 654-7530
info@rigrodskylong.com
http://www.rigrodskylong.com
 
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