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ALLENTOWN, Pa., June 22, 2017 -- Ambassador Financial Group, Inc. today announced the successful completion of a $10 million private placement of subordinated debt for Regal Bancorp, Inc. The security was issued as a ten year fixed to float structure maturing in 2027 with a five year redemption option.
Regal Bank, a subsidiary of Livingston, New Jersey based Regal Bancorp, Inc., is a full service community bank offering products and services designed to meet personal and business financial goals delivered in an efficient and friendly manner.
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:
- Riverview Financial Corp. (PA) $48.8 million proposed acquisition of CBT Financial Corp.
- The Scottdale Bank & Trust Co. (PA) $59.1 million proposed sale to Mid-Penn Bancorp
- Old Line Bancshares, Inc. (MD) $40.7 million acquisition of Damascus Bank (MD)
- Riverview Financial Corp. (PA) $17.0 million private place of common and preferred equity
- Manor Bank (PA) $2.3 million proposed sale to NexTier Bank
- Revere Bank (MD) $31.0 million private placement of subordinated debt
- Monona Bankshares, Inc. (WI)* proposed acquisition of MCB Bankshares, Inc. (WI)
- Berkshire Hills Bancorp, Inc. (MA) $111.7 million proposed acquisition of First Choice Bank* (NJ)
- Revere Bank (MD)* $65.1 million proposed acquisition of Monument Bank (MD)
- DNB Financial Corporation (PA) $49.0 million proposed acquisition of East River Bank (PA)
- Eagle National Bancorp, Inc. (PA) $25.3 million acquisition by ESSA Bancorp, Inc. (PA)
- Kinderhook Bank Corp. (NY) $10 million private placement of subordinated debt
- Nicolet Bankshares, Inc. (WI) $12 million private placement of subordinated debt
*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.
Robert J. Pachence, Jr. Managing Principal 610.351.1633 [email protected] Matthew Resch, CFA Managing Principal 610.351.1633 [email protected] Michael Rasmussen Managing Director 610.351.1633 [email protected] Josh Albright, CFA SVP Fixed Income Trading 610-351-1633 [email protected]
