Ambassador Financial Group, Inc. Advises DNB Financial Corporation on Its Proposed Acquisition of East River Bank
(firmenpresse) - ALLENTOWN, PA -- (Marketwired) -- 04/08/16 -- is pleased to announce it acted as financial adviser and provided the fairness opinion to DNB Financial Corporation in regards to its agreement to acquire East River Bank. Rob Pachence, Co-Founder & Managing Principal, stated, "This transaction is the culmination of a long-term relationship with DNB's Board of Directors and management team and we are grateful for the opportunity to advise DNB on this strategic initiative."
DNB Financial Corporation is headquartered in Downingtown, Pennsylvania and had assets of $749 million as of December 31, 2015. East River Bank is headquartered in Philadelphia, Pennsylvania with three offices and had assets of $311 million as of December 31, 2015. The transaction is expected to close in the second half of 2016 subject to customary closing conditions.
William J. Hieb, President & CEO of DNB Financial Corporation, commented, "Ambassador's guidance, hands-on style and collaborative approach were key drivers associated with our successful agreement with East River Bank." David Danielson, Head of Investment Banking at Ambassador, added, "The DNB team was a pleasure to work with and this transaction is representative of their hard work and dedication."
This announcement is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy securities. Opinions expressed herein may not represent the experience of other customers and do not indicate a guarantee of future performance or success.
, 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, and capital markets services. Ambassador Financial Group's recent successes include:
Merchants and Manufacturers Bank Corporation (IL) $4.0 million private placement of subordinated debt
Riverview Financial Corporation (PA) $7.8 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 merger 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
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David G. Danielson
Head of Investment Banking
240.242.4083
Matthew T. Resch, CFA
Managing Principal
610.351.1633
Robert J. Pachence Jr.
Managing Principal
610.351.1633
John D. Putman
Senior Vice President
240.242.4083
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Datum: 08.04.2016 - 14:55 Uhr
Sprache: Deutsch
News-ID 462826
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ALLENTOWN, PA
Kategorie:
Commercial & Investment Banking
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