Company name Presidio Bank
Stock symbol PDOB
Status Under Investigation

NEW YORK, June 3, 2019 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Presidio Bank (Other OTC: PDOB) on behalf of Presidio shareholders concerning the proposed merger with Heritage Commerce Corp (NASDAQ: HTBK).

Pursuant to the proposed transaction, announced on May 16, 2019 and valued at $200.3 million, Presidio shareholders will receive 2.470 shares of Heritage for each share of Presidio common stock owned.  The investigation focuses on whether Presidio and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.

If you own Presidio shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.

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