February 11, 2014 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of VantageSouth Bancshares, Inc. (NYSEMKT:VSB) shares, was launched concerning whether the takeover of VantageSouth Bancshares, Inc. by Yadkin Financial Corporation for a value of approximately $5.41 per share is unfair to NYSEMKT:VSB stockholders.

The investigation by a law firm concerns whether certain officers and directors of VantageSouth Bancshares, Inc. breached their fiduciary duties owed to NYSEMKT:VSB investors in connection with the proposed acquisition.

On January 27, 2014, VantageSouth Bancshares, Inc. (NYSE MKT:VSB) and Yadkin Financial Corporation (NASDAQ:YDKN) jointly announced that they have entered into a merger agreement. In the merger, VantageSouth Bancshares, Inc. shareholders will receive 0.3125 shares of Yadkin Financial Corporation common stock for each share of VantageSouth Bancshares, Inc. common stock. This represents a consideration of $5.41 based on Yadkin Financial's closing price of $17.31 on Friday, January 24, 2014

However, given that at least one analyst has set the target price of NYSEMKT:VSB shares at $6.50 per share and that NYSEMKT:VSB shares traded in the open market after the takeover news as high as $5.95 per share, the investigation concerns whether the $5.41-offer is unfair to NYSEMKT:VSB stockholders. More specifically, the investigation concerns whether the VantageSouth Bancshares 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.

On February 11, 2014, shares of VantageSouth Bancshares, Inc. (NYSEMKT:VSB) closed at $5.91 per share.