SOURCE: Ambassador Financial Group

Ambassador Financial Group

March 30, 2017 14:55 ET

Ambassador Financial Group, Inc. Advises The Scottdale Bank & Trust Company on its Proposed Acquisition by Mid Penn Bancorp, Inc.

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.

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