OTC QB
MCBF

Monarch Community Bancorp, Inc.

Shareholder Corporation Litigation

Rigrodsky & Long, P.A. Announces Investigation Of Monarch Community Bancorp, Inc. (OTC QB: MCBF) Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Monarch Community Bancshares, Inc. (“Monarch” or the “Company”) (OTC QB: MCBF) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Chemical Financial Corporation (“Chemical”) (NASDAQ GS: CHFC), in a transaction valued at approximately $26 million.

Under the terms of the agreement, shareholders of Monarch will receive 0.0982 shares of Chemical common stock for each share of Monarch common stock.  Based on Chemical’s closing stock price on October 31, 2014, Monarch shareholders would have received consideration valued at approximately $2.92 per share.

The investigation concerns whether Monarch’s board of directors failed to adequately shop the Company and obtain the best possible value for Monarch’s shareholders before entering into an agreement with Chemical.

If you own the common stock of Monarch and purchased your shares before November 3, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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