Printer Friendly

United States : Ambassador Financial Group, Inc. Prepares Fairness Opinion to Revere Bank for its Proposed Acquisition of Monument Bank.

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.

[c] 2016 Al Bawaba (Albawaba.com) Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2016 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Date:May 5, 2016
Words:300
Previous Article:China : Alibaba Group Announces March Quarter 2016 and Full Fiscal Year 2016 Results.
Next Article:United States : UPS Taps Its Global Network To Provide Financial And Logistics Support To Aid Ecuador Earthquake Recovery.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters