Peoples Bancorporation, Inc. Merger Litigation (OTC: PBCE)

Law Office of Brodsky & Smith, LLC Announces Investigation of Peoples Bancorporation, Inc. 
 
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Peoples Bancorporation, Inc. (“Peoples” or the “Company”) (OTC BB - PBCE - News) relating to the proposed acquisition by SCBT Financial Corporation (“SCBT”). 
 
Under the terms of the transaction, Peoples shareholders would receive 0.1413 shares of SCBT common stock for each share of Peoples common stock they own. The transaction values Peoples at only approximately $28.4 million. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Peoples for not acting in Peoples shareholders' best interests in connection with the sale process to SCBT.  
 
If you own shares of Peoples stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90. 

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