The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Herald National Bank -- HNB

Levi & Korsinsky is investigating the Board of Directors of Herald National Bank (“Herald” or the “Company”) (NYSE/AMEX: HNB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to BankUnited, Inc (NYSE: BKU). Under the terms of the transaction, holders of HNB common and preferred stock may choose to receive cash or BKU common stock for a value equal to $1.35 plus the value of 0.0990 shares of BKU common stock. The transaction values HNB common and preferred stock at $4.13 per share, for a total transaction value of approximately $22.9 million in cash and 1.7 million BKU common stock shares. The transaction is valued at about $72 million.

Click here to learn how to join the action: http://www.zlk.com/herald-national-bank-hnb.html, or call: 877-363-5972.

The investigation concerns whether the Herald Board of Directors breached their fiduciary duties to Herald stockholders by failing to adequately shop the Company before entering into this transaction and whether BankUnited, Inc. is underpaying for Herald shares, thus unlawfully harming Herald stockholders.

If you own common stock in Herald and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [e-mail] or by telephone at [phone], toll-free: [phone], or visit http://www.zlk.com/herald-national-bank-hnb.html.

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.