Ambassador Financial Group, Inc. Announces $12 Million Private Placement of Subordinated Debt on Behalf of Oconomowoc Bancshares, Inc.


ALLENTOWN, PA--(Marketwired - Nov 18, 2015) - Ambassador Financial Group, Inc. today announced the successful completion of a $12 million private placement of subordinated debt for Oconomowoc Bancshares, Inc., the bank holding company of First Bank Financial Centre. The subordinated debt will qualify as Tier 2 capital at the holding company level and will be due in 2025 and non-callable for 5 years.

Headquartered in Oconomowoc, Wisconsin, and founded in 1859, Oconomowoc Bancshares, Inc. provides a wide range of products and services to businesses and retail customers through 14 bank offices in Southeastern Wisconsin and 8 Loan Production Offices. Oconomowoc has a diversified revenue stream from traditional commercial and retail banking, accelerating fee income from SBA lending, mortgage banking, and wealth management.

Mark W. Mohr, President and CEO of Oconomowoc Bancshares, commented, "Strengthening our capital structure will better position Oconomowoc for future growth. Working with Ambassador has been a pleasure." Karl Ostby, Managing Director of Ambassador, added, "We are pleased to continue assisting Oconomowoc in bolstering and diversifying its capital structure. The ongoing support from our investor base affirms our strong relationships and extensive network. We look forward to continue serving our bank clients."

This announcement is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities.

About Ambassador Financial Group

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:

  • 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 Corporation (PA) $13.2 million proposed acquisition of FNBPA Bancorp Inc. (PA)
  • Nicolet Bankshares, Inc. (WI) $12 million private placement of subordinated debt
  • York Traditions Bank (PA) $5.0 million private placement of subordinated debt
  • Carroll Bancorp (MD) $5.1 million private placement of common equity

Contact Information:

Karl Ostby
Managing Director
312.466.7646


Matthew Resch
Managing Principal
610.351.1633


Robert Pachence
Managing Principal
610.351.1633


David Danielson
Head of Investment Banking
240.242.4083

Ambassador Financial Group, Inc. Announces $12 Million Private Placement of Subordinated Debt on Behalf of Oconomowoc Bancshares, Inc.