SOURCE: Ambassador Financial Group

Ambassador Financial Group

June 30, 2015 16:11 ET

Ambassador Financial Group, Inc. Announces Additional $2 Million Private Placement of Subordinated Debt on Behalf of Nicolet Bankshares, Inc.

ALLENTOWN, PA--(Marketwired - Jun 30, 2015) - Ambassador Financial Group, Inc. today announced the successful completion of a $2 million follow on private placement of subordinated notes for Nicolet Bankshares, Inc. (OTCQB: NCBS), headquartered in Green Bay, Wisconsin, in which it served as the exclusive placement agent. The interest bearing notes, placed with accredited institutional investors, have a maturity date of June 29, 2025, carry a 5% interest rate, to be paid quarterly, with a right of prepayment on or after June 29, 2020. Since February 17th, 2015, Nicolet has issued an aggregate of $12 million in principal with similar terms and Ambassador as its sole placement agent.

Matthew Resch, Managing Principal and Co-Founder of Ambassador, stated: "We are pleased to continue assisting Nicolet in strengthening and diversifying their capital structure. The ongoing support from our investor base is confirmation of our strong relationships and far reaching network. We are appreciative of this opportunity and look forward to continue serving our bank clients."

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:

  • Nicolet Bankshares, Inc. (WI) $12 million private placement of subordinated debt
  • Juniata Valley Financial Corporation (PA) $13.2 million proposed acquisition of FNBPA Bancorp Inc.
  • York Traditions Bank (PA) $5.0 million private placement of subordinated debt
  • Carroll Bancorp (MD) $5.1 million private placement
  • Riverview Financial Corporation (PA) $7.8 million proposed acquisition of Citizens Bank of Meyersdale
  • 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)

Contact Information

  • Contacts:

    Karl Ostby
    312.466.7646


    Matthew Resch
    610.351.1633


    Rob Pachence
    610.351.1633


    David Danielson
    240.207.2306