SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of First Security Group, Inc. And Encourage...

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of First Security Group, Inc. (“FSG” or the “Company”) (Nasdaq: FSGI) relating to the proposed buyout of the Company by Atlantic Capital Bancshares, Inc. (“Atlantic Capital”).

Under the terms of the transaction, FSG shareholders may elect cash equal to $2.35 per share, stock based on a fixed exchange ratio of 0.188 shares of Atlantic Capital common stock for each FSG share, or any combination thereof. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for FSG stock at $2.50 per share.

If you currently own common stock of FSG and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at [e-mail] or by telephone at [phone].

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.

Brower Piven, A Professional CorporationCharles J. Piven, 410-415-66161925 Old Valley RoadStevenson, Maryland [e-mail]