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Ambassador Financial Group, Inc. Advises Peoples Bankshares, Inc. on its Proposed Acquisition by Summit Financial Group, Inc.

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ALLENTOWN, Pa., July 25, 2018 (GLOBE NEWSWIRE) -- Ambassador Financial Group, Inc. is pleased to announce it acted as a financial adviser to, and prepared the fairness opinion for, Peoples Bankshares, Inc. in regard to its proposed acquisition by Summit Financial Group, Inc.  As of March 31, 2018, Peoples had assets of $131 million.  John D. Putman served as lead advisor for Ambassador Financial Group with support from co-lead David G. Danielson.

Ambassador Financial Group, Inc. 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:

  • Northwest Bancshares, Inc. (PA) $85.0 million acquisition of Union Community Bank (PA)
  • Orrstown Financial Services, Inc. (PA) $32.4 million acquisition of Mercersburg Financial Corporation (PA)
  • Riverview Financial Corporation (PA) $48.8 million merger with CBT Financial Corp. (PA)
  • Mid Penn Bancorp, Inc. (PA) $59.1 million acquisition of The Scottdale Bank & Trust Company (PA)
  • Old Line Bancshares, Inc. (MD) $40.7 million acquisition of Damascus Bank (MD)
  • Riverview Financial Corporation (PA) $17.0 million private placement of equity
  • NexTier, Inc. (PA) $2.3 million acquisition of Manor Bank (PA)
  • Revere Bank (MD) $31.0 million private placement of subordinated debt
  • Monona Bancshares, Inc. (WI)* $40.1 million acquisition of MCB Bankshares, Inc. (WI)
  • Berkshire Hills Bancorp, Inc. (MA) $117.8 million acquisition of First Choice Bank* (NJ)
  • Revere Bank (MD)* $65.1 million acquisition of Monument Bank (MD)
  • DNB Financial Corporation (PA) $49.0 million acquisition of East River Bank (PA)

Ambassador's clients are in bold.
*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.

John D. Putman David G. Danielson Matthew T. Resch, CFA Robert J. Pachence, Jr.
Managing Director Executive Director Managing Principal Managing Principal
240-242-4083 240-242-4083 610-351-1633 610-351-1633
jputman@ambfg.com ddanielson@ambfg.com mresch@ambfg.com rpachence@ambfg.com

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