ALLENTOWN, PA — (Marketwired) — 03/30/17 — is pleased to announce it acted as a financial adviser to, and prepared the fairness opinion for, The Scottdale Bank & Trust Company in regards to its proposed acquisition by Mid Penn Bancorp, Inc., in a deal valued at $59.1 million. Scottdale Bank & Trust Company, based in Scottdale, Pennsylvania, had $263 million in assets as of December 31, 2016.
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:
(MD) $40.7 million proposed acquisition of DCB Bancshares, Inc. (MD)
(PA) $17.0 million private placement of equity
NexTier, Inc. (PA) $2.3 million proposed acquisition of (PA)
$31.0 million private placement of subordinated debt
(WI)* $40.1 million acquisition of MCB Bankshares, Inc. (WI)
Berkshire Hills Bancorp, Inc. (MA) $117.8 million acquisition of * (NJ)
(MD)* $65.1 million acquisition of Monument Bank (MD)
(PA) $49.0 million acquisition of East River Bank (PA)
*Ambassador provided a fairness opinion only.
This announcement is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities.
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240.242.4083