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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of United PanAm Financial Corp., in Connection

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^{Published in Business and Finance on Tuesday, December 28th 2010 at 16:35 GMT by Market Wire}  

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of United PanAm Financial Corp. (aUnited PanAma or the aCompanya) (Pink Sheets:UPFC) related to the Companya™s agreement to be acquired by Guillermo Bron a" the chairman of United PanAma™s board of directors a" and affiliates of Pine Brook Road Partners, LLC. The proposed going-private transaction is valued at approximately $110 million.

Under the terms of the definitive merger agreement entered into by the parties, United PanAm shareholders will receive $7.05 in cash for each share they own of the Companya™s common stock. The transaction is expected to be completed in the first quarter of 2011. If the merger is completed, United PanAm will continue its operations as a privately held company. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by United PanAma™s board of directors.

If you are a shareholder of United PanAm, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].