INVESTOR ALERT: Levi & Korsinsky, LLP Announces an Investigation Into Whether the Sale of Paragon Commercial Corporation to TowneBank is Fair to Shareholders -- PBNC

NEW YORK, May 2, 2017 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Paragon Commercial Corporation ("Paragon") (NASDAQ: PBNC) stock prior to April 26, 2017.

You are hereby notified that Levi & Korsinsky has commenced an investigation into the fairness of the sale of Paragon to TowneBank (NASDAQ: TOWN). Under the terms of the transaction, Paragon shareholders will receive 1.725 shares of TowneBank stock for each share of Paragon stock they own, representing an approximate value of $59.29 per share. To learn more about the action and your rights, go to:

http://zlk.9nl.com/paragon-commercial-pbnc

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.

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.

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

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SOURCE Levi & Korsinsky, LLP