Ambassador Financial Group, Inc. Served as Financial Advisor to Pathfinder Bancorp, Inc. for $10 Million Subordinated Loan Agreement

ALLENTOWN, PA--(Marketwired - Oct 16, 2015) - Ambassador Financial Group, Inc. today announced the successful completion of a $10 million subordinated loan agreement (the "Subordinated Loan") for Pathfinder Bancorp, Inc. (NASDAQ: PBHC). The Subordinated Loan will qualify as Tier 2 capital and is scheduled to mature on October 15, 2025.

Headquartered in Oswego, Pathfinder Bancorp, Inc. has served its central New York State markets for 155 years. In October 2014, Pathfinder completed its "second-step" reorganization and stock offering; and became a fully-converted public company. Pathfinder intends to use part of the proceeds from the Subordinated Loan for general corporate purposes and to help support the repayment of $13 million of variable rate, non-cumulative perpetual senior preferred stock issued through the SBLF.

Thomas W. Schneider, President and CEO of Pathfinder Bancorp, Inc., commented, "We are very pleased with the transaction and Ambassador's role in advising us on this strategic initiative." Eric Tesche, Managing Director of Ambassador, added, "We are happy to assist Pathfinder Bancorp in strengthening and diversifying its capital structure. We appreciate this opportunity and look forward to continue serving our many bank clients."

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:

• 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