SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Southcoast Financial Corporation of Commencement of an Investigation Concerning the Fairness of the Sale of the Company to BNC Bancorp -- SOCB

Aug 18, 2015, 17:51 ET from Levi & Korsinsky, LLP

NEW YORK, Aug. 18, 2015 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All Persons or Entities who purchased Southcoast Financial Corporation stock prior to August 14, 2015.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Southcoast Financial Corporation (NASDAQ: SOCB) to BNC Bancorp (NASDAQ: BNCN) for a fixed price of $13.35 for each share of Southcoast common stock, payable in shares of BNC common stock based upon the 20-day volume weighted average price of BNC common stock prior to the closing of the merger subject to minimum and maximum exchange ratios. To learn more about the investigation and your rights, go to: http://zlk.9nl.com/southcoast-financial-socb or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

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

Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com

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