Ambassador Financial Group, Inc. Advises The Scott
Post# of 617763
ALLENTOWN, PA--(Marketwired - Mar 30, 2017) - Ambassador Financial Group, Inc. is pleased to announce it acted as a financial adviser to, and prepared the fairness opinion for, The Scottdale Bank & Trust Company in regards to its proposed acquisition by Mid Penn Bancorp, Inc., in a deal valued at $59.1 million. Scottdale Bank & Trust Company, based in Scottdale, Pennsylvania, had $263 million in assets as of December 31, 2016.
Ambassador Financial Group is a FINRA registered broker-dealer which offers a comprehensive suite of strategic, customized solutions to community banks and thrifts nationwide, including balance sheet management, investment banking and capital markets services. Our recent successes include:
- Old Line Bancshares, Inc. (MD) $40.7 million proposed acquisition of DCB Bancshares, Inc. (MD)
- Riverview Financial Corporation (PA) $17.0 million private placement of equity
- NexTier, Inc. (PA) $2.3 million proposed acquisition of Manor Bank (PA)
- Revere Bank (MD) $31.0 million private placement of subordinated debt
- Monona Bankshares, Inc. (WI)* $40.1 million acquisition of MCB Bankshares, Inc. (WI)
- Berkshire Hills Bancorp, Inc. (MA) $117.8 million acquisition of First Choice Bank * (NJ)
- Revere Bank (MD)* $65.1 million acquisition of Monument Bank (MD)
- DNB Financial Corporation (PA) $49.0 million acquisition of East River Bank (PA)
Ambassador's clients are in bold. *Ambassador provided a fairness opinion only.
This announcement is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities.
David G. Danielson, Executive Director 240.242.4083 Email Contact Matthew T. Resch, CFA, Managing Principal 610.351.1633 Email Contact Robert J. Pachence Jr., Managing Principal 610.351.1633 Email Contact Jay Shah, Vice President 240.242.4083 Email Contact