LITTLE ROCK, Ark., March 12 /PRNewswire/ -- Cauley Bowman Carney & Williams, PLLC announces an investigation into the proposed acquisition of MassBank Corp. (NASDAQ:MASB) On March 11, 2008, MassBank announced that it has entered into a definitive merger agreement with Eastern Bank Corp. Under the terms of the proposal, MassBank shareholders would receive $40.00 per share in cash for each share owned. This price per share represents an approximately 5% premium over the stock's closing price of $38.00 prior to announcement of the acquisition. Cauley Bowman Carney & Williams, PLLC Cauley Bowman is a national law firm that represents investors in securities fraud and corporate governance class actions. It is one of the country's premier firms in the area of securities fraud having recovered billions of dollars for defrauded investors and secured significant corporate governance reforms. Cauley Bowman maintains in-house finance, forensic accounting specialists and extensive trial experience. If you are a current shareholder of MassBank Corp. and would like to be advised of your rights in this matter, you may contact Cauley Bowman Carney & Williams, PLLC at the phone number below. CONTACT Darrin L. Williams, Esq. Randall K. Pulliam, Esq. Kristi Gray 501-312-8500 888-551-9944 DATASOURCE: Cauley Bowman Carney & Williams, PLLC CONTACT: Darrin L. Williams, Esq., Randall K. Pulliam, Esq., or Kristi Gray, all of Cauley Bowman Carney & Williams, PLLC, +1-501-312-8500, 1-888-551-9944, Web site: http://www.cauleybowman.com/

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