SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates COLB, ESXB, RFL, CLDB, VICI; Shareholders are Encouraged to Contact the Firm

NEW YORK, Oct. 13, 2021

Columbia Banking System, Inc. (NASDAQ: COLB) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Umpqua Holdings Corporation. Under the terms of the agreement, Umpqua shareholders will receive 0.5958 of a share of Columbia stock for each Umpqua share they own. Upon completion of the transaction, Columbia shareholders will own approximately 38% of the combined company. If you are a Columbia shareholder, click here to learn more about your rights and options.  

Community Bankers Trust Corporation (NASDAQ: ESXB) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to United Bankshares, Inc. Pursuant to the merger agreement, Community Bankers shareholders will receive a fixed exchange ratio of 0.3173 United shares for each share of Community Bankers they own. If you are a Community Bankers shareholder, click here to learn more about your rights and options.  

Rafael Holdings, Inc. (NYSE: RFL) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Rafael Pharmaceuticals, Inc. ("Pharma"). In connection with the proposed merger, Pharma shareholders will receive Holdings Class B common stock amounting to approximately 48% of the currently outstanding capitalization of the company. Additional equity in the company is expected to be issued in connection with anticipated financing and employment agreements, which will reduce the foregoing percentage proportionately. If you are a Holdings shareholder, click here to learn more about your rights and options. 

Cortland Bancorp Inc. (NASDAQ: CLDB) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Farmers National Banc Corp. Pursuant to the merger agreement, Cortland shareholders may elect to receive either $28.00 per share in cash or 1.75 shares of Farmers' common stock, subject to an overall limitation of 75% of the shares being exchanged for Farmers shares and 25% for cash. If you are a Cortland Bancorp shareholder, click here to learn more about your rights and options. 

VICI Properties Inc. (NYSE: VICI) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with MGM Growth Properties LLC ("MGP"). Under the terms of the agreement, MGP Class A shareholders will receive 1.366 shares of newly issued VICI Properties stock in exchange for each Class A share of MGP. If you are a VICI Properties shareholder, click here to learn more about your rights and options.