ALLENTOWN, Pa., June 22, 2017 (GLOBE NEWSWIRE) -- Ambassador Financial Group, Inc. today announced the successful completion of a $10 million private placement of subordinated debt for Regal Bancorp, Inc. The security was issued as a ten year fixed to float structure maturing in 2027 with a five year redemption option.
Regal Bank, a subsidiary of Livingston, New Jersey based Regal Bancorp, Inc., is a full service community bank offering products and services designed to meet personal and business financial goals delivered in an efficient and friendly manner.
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:
- Riverview Financial Corp. (PA) $48.8 million proposed acquisition of CBT Financial Corp.
- The Scottdale Bank & Trust Co. (PA) $59.1 million proposed sale to Mid-Penn Bancorp
- Old Line Bancshares, Inc. (MD) $40.7 million acquisition of Damascus Bank (MD)
- Riverview Financial Corp. (PA) $17.0 million private place of common and preferred equity
- Manor Bank (PA) $2.3 million proposed sale to NexTier Bank
- Revere Bank (MD) $31.0 million private placement of subordinated debt
- Monona Bankshares, Inc. (WI)* proposed acquisition of MCB Bankshares, Inc. (WI)
- Berkshire Hills Bancorp, Inc. (MA) $111.7 million proposed acquisition of First Choice Bank* (NJ)
- Revere Bank (MD)* $65.1 million proposed acquisition of Monument Bank (MD)
- DNB Financial Corporation (PA) $49.0 million proposed acquisition of East River Bank (PA)
- Eagle National Bancorp, Inc. (PA) $25.3 million acquisition by ESSA Bancorp, Inc. (PA)
- Kinderhook Bank Corp. (NY) $10 million private placement of subordinated debt
- Nicolet Bankshares, Inc. (WI) $12 million private placement of subordinated debt
*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.