COLONIAL FINANCIAL SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Colonial Financial Services, Inc. Over the Proposed Sale of the Company to Cape Bancorp, Inc. - COBK

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Colonial Financial Services, Inc.

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Faruqi & Faruqi, LLP

Sep 12, 2014, 08:15 ET

NEW YORK, Sept. 12, 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 Colonial Financial Services, Inc. ("Colonial Bank" or the "Company") (Nasdaq: COBK) for potential breaches of fiduciary duties in connection with the sale of the Company to Cape Bancorp, Inc. ("Cape") for approximately $55 million, based on Cape's September 9, 2014 closing stock price of $10.06. The Company's stockholders will elect to receive either $14.50 per share in cash, or 1.412 shares of Capes' common stock, with 50% of the shares being exchanged for stock and 50% for cash. Colonial Bank has traded as high as $15.00 over the past year.

Click here for more information: www.faruqilaw.com/COBK. There is no cost or obligation to you.

The investigation focuses on whether Colonial Bank'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 Colonial Bank'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 Colonial Bank and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/COBK or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330

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