NEW YORK, May 9, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of 1st United Bancorp, Inc. ("1st United" or the "Company") (NASDAQ: FUBC) for potential breaches of fiduciary duties in connection with the sale of the Company to Valley National Bancorp (VLY) for approximately $312 million. The Company's stockholders will only receive 0.89 shares, or roughly $8.69 based on Valley National's May 7th's closing price, of Valley National common stock for each share of 1st United common stock they own.
Click here for more information: www.faruqilaw.com/FUBC. There is no cost or obligation to you. The investigation focuses on whether 1st United's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of 1st United's shareholders. Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw. If you own common stock in 1st United and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/FUBC or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330. Contact: