Levi & Korsinsky is investigating the Board of Directors of South Street Financial Corp. (“South Street” or “the Company”) (OTC BB: SSFC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to BNC Bancorp (“BNC”) (Nasdaq: BNCN).

Click here to learn more about the action http://zlk.9nl.com/south-street-ssfc/, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of transaction, South Street shareholders may elect to receive $8.85 in cash or between 0.60 and 0.6941 shares of BNC common stock, dependent upon the closing price of BNC prior to the merger. The transaction has an approximate total value of $23.7 million. The investigation concerns whether the South Street Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether BNC is underpaying for South Street shares.

If you own South Street common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/south-street-ssfc/.

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.