Jacksonville Savings Bank: Rigrodsky & Long, P.A. Files Class Action Suit Against Jacksonville Bancorp, Inc.

WILMINGTON, Del., May 09, 2018 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A.:Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of Maryland on behalf of holders of Jacksonville Bancorp, Inc. ("Jacksonville") (NASDAQ:JXSB) common stock in connection with the proposed acquisition of Jacksonville by CNB Bank Shares, Inc. ("CNB") announced on January 18, 2018 (the "Complaint"). The Complaint, which alleges violations of the Securities Exchange Act of 1934 against Jacksonville and its Board of Directors (the "Board"), is captioned Parshall v. Jacksonville Bancorp, Inc., Case No. 1:18-cv-00889-RDB (D. Md.).If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact plaintiff's counsel, Seth D. Rigrodsky or Gina M. Serra at Rigrodsky ...Full story available on Benzinga.com