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.
Contact Information:
David G. Danielson,
Executive Director
240.242.4083
Matthew T. Resch, CFA,
Managing Principal
610.351.1633
Robert J. Pachence Jr.,
Managing Principal
610.351.1633
Jay Shah,
Vice President
240.242.4083