Ambassador Financial Group, Inc. Announces $5.1 Million Private Placement of Equity on Behalf of Carroll Bancorp, Inc.

ALLENTOWN, PA--(Marketwired - Jan 27, 2015) - Ambassador Financial Group, Inc. today announced the successful completion of a $5.1 million private placement issuance of common stock for Carroll Bancorp, Inc. (OTCQB: CROL), headquartered in Sykesville, Maryland in which it served as the exclusive placement agent. The offering of common stock at $16.50 per share was closed on January 23, 2014.

The purchasers of stock in the private placement reflected a mix of new local individual investors, existing shareholders, Carroll Bancorp insiders, and several new institutional investors. 

Jacob Eisen, Ambassador's Managing Director and Head of Capital Markets, stated: "We were pleased to assist Carroll Bancorp with its private placement in order to support future growth of the Company. The Company has stated its plans to use the additional capital to fund growth, including expanded lending activity in its core market and to support commercial lending in recently entered adjacent markets. Working closely with the Company, and utilizing Ambassador's extensive nationwide network of relationships throughout the bank investing community, resulted in a diverse range of support for this successful placement."

Ambassador Financial Group, Inc. serves clients as financial advisor, in merger & acquisition activity, capital raises, branch sales and acquisitions of fee businesses. Over the past few years, Ambassador Financial Group's successes include:

• Carroll Bancorp (MD) $5.1 million private placement
• Riverview Financial Corporation (PA) $7.8 million proposed acquisition of Citizens Bank of Meyersdale (PA)
• Farmers and Merchants Bancorp of Western Pennsylvania's (PA) merger with Nextier Inc. (PA).
• FNBM Financial Corp. (PA) $13.4 million proposed acquisition by GNB Financial Services, Inc. (PA)
• Sturdy Savings Bank (NJ) proposed acquisition of seven branches from Sun Bancorp, Inc. (NJ)
• Franklin Security (PA) $16 million acquisition by ESSA Bancorp (PA)
• First Choice Bank's (NJ) acquisition of Vantage Point Bank (PA).
• ESSA Bancorp's (PA) branch acquisition from First National Community Bancorp (PA).
• Haven Bancorp (NJ) $27 million acquisition of Hilltop Community (NJ)
• Riverview Financial Corporation (PA) consolidation of Union Bancorp (PA)
• MVB Financial Corporation (WV) $19 million acquisition of Potomac Mortgage Group, LLC (VA)
• NBT Bancorp (NY) $233 million acquisition of Alliance Financial Corporation (NY)
• Old Line Bancorp (MD) $49 million acquisition of WSB Holdings (MD)
• ESSA Bancorp (PA) $24 million acquisition of First Star Bancorp (PA)
• Capital Bank (MD) branch sale to DNB First, NA (PA)

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.