ALLENTOWN, PA--(Marketwired - Nov 23, 2015) - Ambassador Financial Group, Inc. is pleased to announce it acted as financial adviser and provided the fairness opinion to Woodsboro Bank in regards to its agreement to consolidate with Middletown Valley Bank. The banks will unite to become First Heritage Community Bank.
Woodsboro is headquartered in Woodsboro, Maryland and had assets of $230 million as of September 30, 2015. Middletown Valley Bank is headquartered in Middletown, Maryland and had assets of $215 million as of September 30, 2015. The transaction is expected to close in the second quarter of 2016, subject to customary closing conditions.
Ambassador Financial Group, a FINRA registered broker-dealer, headquartered in Allentown, PA, offers a comprehensive suite of strategic, customized solutions to community banks and thrifts nationwide, including balance sheet management, investment banking, investor relations, and capital markets services. Ambassador Financial Group's recent successes include:
- Woodsboro Bank (MD) proposed merger of equals of Middletown Valley Bank (MD)
- Kinderhook Bank Corporation (NY) $10 million private placement of subordinated debt
- Oconomowoc Bancshares, Inc. (WI) $12 million private placement of subordinated debt
- Pathfinder Bancorp, Inc (NY) $10 million subordinated loan agreement
- Old Line Bancshares, Inc. (MD) $6.6 million proposed acquisition of Regal Bancorp, Inc. (MD)
- Eagle National Bancorp, Inc. (PA) $25.3 million proposed acquisition by ESSA Bancorp, Inc. (PA)
- Juniata Valley Financial Corp. (PA) $13.2 million proposed acquisition of FNBPA Bancorp, Inc. (PA)
- York Traditions Bank (PA) $5 million private placement of subordinated debt
- Nicolet Bankshares, Inc. (WI) $10 million private placement of subordinated debt
- Carroll Bancorp (MD) $5.1 million private placement
- Riverview Financial Corporation (PA) $7.8 million proposed acquisition of Citizens Bank of Meyersdale (PA)
- Farmers and Merchants Bancorp of Western Pennsylvania (PA) merger with Nextier Inc. (PA)
- FNBM Financial Corp. (PA) $13.4 million acquisition by GNB Financial Services, Inc. (PA)
- Sturdy Savings Bank (NJ) acquisition of seven branches from Sun Bancorp, Inc. (NJ)
- Franklin Security (PA) $16 million acquisition by ESSA Bancorp (PA)
- First Choice Bank (NJ) assisted acquisition of Vantage Point Bank (PA)
David Danielson 240.242.4083 Matt Resch 610.351.1633 Rob Pachence 610.351.1633 Karl Ostby 312.466.7646
