Ambassador Financial Group, Inc. Advises Northwest Bancshares, Inc. on its Proposed Acquisition of Donegal Financial Services Corporation

ALLENTOWN, Pa., June 13, 2018 (GLOBE NEWSWIRE) — Ambassador Financial Group, Inc. is pleased to announce it acted as a financial adviser to, and prepared the fairness opinion for, Northwest Bancshares, Inc. in regard to its proposed acquisition of Donegal Financial Services Corporation and its wholly-owned subsidiary Union Community Bank.  As of March 31, 2018 Northwest Bancshares, Inc., based in Warren, PA, had approximately $9.5 billion in total assets.  Lead advisor for Ambassador Financial Group was Matt Resch, with Mike Rasmussen and Ryan Walker serving on the deal team.

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:

  • 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.

Matthew T. Resch, CFA Robert J. Pachence, Jr. Michael E. Rasmussen Ryan J. Walker
Managing Principal Managing Principal Managing Director Vice President, Strategic Analyst
610-351-1633 610-351-1633 610-351-1633 610-351-1633
mresch@ambfg.com rpachence@ambfg.com mrasmussen@ambfg.com rwalker@ambfg.com
       

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