October 06, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Jacksonville Bancorp Inc. (NASDAQ:JAXB), was announced concerning whether the takeover of Jacksonville Bancorp Inc. by Ameris Bancorp for $16.50 per share is unfair to NASDAQ:JAXB stockholders.

Investors who purchased shares of Jacksonville Bancorp Inc. (NASDAQ:JAXB) and currently hold any of those NASDAQ:JAXB shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call +1(858) 779 - 1554.

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

On October 1, 2015, Ameris Bancorp, the parent company of Ameris Bank, announced today the signing of a definitive merger agreement under which Ameris will acquire Jacksonville Bancorp Inc. (NASDAQ:JAXB), the parent company of The Jacksonville Bank, Jacksonville, Florida. Under the terms of the merger agreement, Jacksonville Bancorp Inc. (NASDAQ:JAXB) shareholders will receive either 0.5861 shares of Ameris Bancorp (Nasdaq-GS: ABCB) common stock or $16.50 in cash for each share of Jacksonville Bancorp Inc. (NASDAQ:JAXB) common stock or nonvoting common stock, subject to the total consideration being 75% stock and 25% cash.

However, the investigation concerns whether the offer is unfair to NASDAQ:JAXB stockholders. More specifically, the investigation concerns whether the Jacksonville 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.