NEW ORLEANS, March 19, 2018 /PRNewswire/ — Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of United Community Bancorp (“United” or the “Company”) (NasdaqGM: UCBA) to Civista Bancshares, Inc. (NasdaqCM: CIVB). Under the terms of the proposed transaction, shareholders of United will receive only the equivalent of 1.027 shares of Civista common stock and $2.54 in cash for each share of United that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
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