SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Kinderhook Bank Corp. to Community Bank System, Inc. is Fair to Shareholders

Globe Newswire 23-Jan-2019 5:10 PM

NEW YORK, Jan. 23, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Kinderhook Bank Corp. ("Kinderhook" or the "Company") (OTC:NUBK) stock prior to January 22, 2019.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Kinderhook to Community Bank System, Inc. (NYSE:CBU). Under the terms of the transaction, Kinderhook shareholders will receive $62 per share. To learn more about the action and your rights, go to:

https://www.zlk.com/mna/kinderhook-bank-corp

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The Kinderhook merger investigation concerns whether the Board of Kinderhook breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Omega is underpaying for Kinderhook shares, thus unlawfully harming Kinderhook shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com