SOURCE: Ambassador Financial Group

Ambassador Financial Group

May 05, 2016 10:36 ET

Ambassador Financial Group, Inc. Prepares Fairness Opinion to Revere Bank for Its Proposed Acquisition of Monument Bank

ALLENTOWN, PA--(Marketwired - May 5, 2016) -  Ambassador Financial Group, Inc. is pleased to announce it provided the fairness opinion to Revere Bank in regards to its proposed acquisition of Monument Bank.

Revere Bank is headquartered in Laurel, Maryland and had assets of $1.2 billion as of March 31, 2016. Monument Bank is headquartered in Rockville, Maryland had assets of $514 million as of March 31, 2016. The aggregate consideration of the transaction at announcement was $65.1 million and is expected to close in the fourth quarter of 2016 subject to customary closing conditions.

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:

  • DNB Financial Corporation (PA) $49.0 million proposed acquisition of East River Bank (PA)
  • Merchants and Manufacturers Bank Corporation (IL) $4.0 million private placement of subordinated debt
  • Riverview Financial Corporation (PA) $7.8 million acquisition of Citizens National Bank of Meyersdale (PA)
  • Eagle National Bancorp, Inc. (PA) $25.3 million acquisition by ESSA Bancorp, Inc. (PA)
  • Old Line Bancshares, Inc. (MD) $6.6 million acquisition of Regal Bancorp, Inc. (MD)
  • Juniata Valley Financial Corporation (PA) $13.2 million acquisition of FNBPA Bancorp, Inc. (PA)
  • Woodsboro Bank (MD) proposed consolidation with Middletown Valley Bank (MD)
  • Kinderhook Bank Corp. (NY) $10 million private placement of subordinated debt
  • Oconomowoc Bancshares, Inc. (WI) $12 million private placement of subordinated debt
  • Pathfinder Bancorp, Inc. (NY) $10 million subordinated loan agreement
  • Nicolet Bankshares, Inc. (WI) $12 million private placement of subordinated debt

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

Contact Information

  • David G. Danielson
    Head of Investment Banking
    240.242.4083
    Email Contact

    Matthew T. Resch, CFA
    Managing Principal
    610.351.1633
    Email Contact

    Robert J. Pachence Jr.
    Managing Principal
    610.351.1633
    Email Contact

    John D. Putman
    Senior Vice President
    240.242.4083
    Email Contact