WeissLaw LLP: First West Virginia Bancorp, Inc. Acquisition May Not Be In The Best Interests of FWVB Shareholders

NEW YORK, Nov. 17, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of First West Virginia Bancorp, Inc. ("FWVB" or the "Company") (OTC: FWVB) in connection with the proposed acquisition of the Company by CB Financial Services, Inc. ("CBFV") (NASDAQ: CBFV).  Under the terms of the acquisition agreement, the Company's shareholders can elect to receive $28.50 in cash or 0.9583 of a share of CBFV for each FWVB.  

WeissLaw is investigating whether FWVB's Board acted to maximize shareholder value prior to entering into the agreement.  Notably, in its most recent financial release, the Company reported total assets increased $7.9 million, or 2.3%, to $343.1 million in the nine-month period ended September 30, 2017. 

Given these facts, WeissLaw is investigating whether FWVB's shareholders will obtain their fair and proportionate share of the Company's continued success and future growth prospects.  If you own FWVB shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at [phone] or by email at [e-mail].  

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [e-mail] or fill out the form on our website, http://weisslawllp.com/first-west-virginia-bancorp-inc/

 

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