On or around 05/08/2018 (Notice of voluntarily dismissal)
Filing Date: March 16, 2018
United American Bank opened its doors in 2003 and has been serving San Mateo, California and other communities in the San Francisco Peninsula ever since.
According to the Complaint, this action stems from a proposed transaction announced on January 11, 2018 (the “Proposed Transaction”), pursuant to which United American Bank (“UAB” or the “Company”) will be acquired by Heritage Commerce Corp (“Parent”) and Heritage Bank of Commerce (“Merger Sub,” and together with Parent, “Heritage”).
On February 26, 2018, Defendants filed a Form S-4 Registration Statement (the “Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction.
The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
This case was voluntarily dismissed on May 8, 2018.
Company & Securities Information
Defendant: United American Bank
Industry: Regional Banks
Headquarters: United States
Ticker Symbol: UABK
Company Market: OTC-BB
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Paul Parshall, et al. v. United American Bank, et al.