Investigation Overview
An investigation on behalf of investors in shares of FCB Financial Holdings, Inc. (NYSE: FCB) was announced over potential breaches of fiduciary duties by certain officers and directors at FCB Financial Holdings.
The investigation by a law firm concerns whether certain FCB Financial Holdings officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Weston, FL based FCB Financial Holdings, Inc. operates as the bank holding company for Florida Community Bank, N.A. that provides various financial products and services to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. FCB Financial Holdings, Inc. reported that its annual Total Revenue rose from $289.77 million in 2016 to $321.05 million in 2017 and that its Net Income increased from $99.91 million in 2016 to $125.19 million in 2017.
Shares of FCB Financial Holdings, Inc. (NYSE: FCB) grew from $28.64 per share in February 2016 to as high as $60.20 per share on April 25, 2018.