October 13, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Georgetown Bancorp Inc (MD) (NASDAQ:GTWN), was announced concerning whether the takeover of Georgetown Bancorp Inc . by Salem Five Bancorp for $26.00 per share is unfair to NASDAQ:GTWN stockholders.

The investigation by a law firm concerns whether certain officers and directors of Georgetown Bancorp Inc breached their fiduciary duties owed to NASDAQ:GTWN investors in connection with the proposed acquisition.

On October 6, 2106, Salem Five Bancorp, parent of Salem Five Cents Savings Bank (Salem Five Bank) and Geo Georgetown Bancorp Inc (MD) (NASDAQ:GTWN), parent of Georgetown Bank, jointly announced that they have signed an agreement whereby Salem Five Bancorp has agreed to acquire Georgetown Bancorp, Inc. and its subsidiary Georgetown Bank. Under the terms of the agreement, shareholders of Georgetown Bancorp, Inc. will receive $26.00 in cash in exchange for each share of Georgetown Bancorp common stock.

However, the investigation concerns whether the offer is unfair to NASDAQ:GTWN stockholders. More specifically, the investigation concerns whether the Georgetown Bancorp Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.