Deal-Advisor Ambassador to Add Investor Relations Arm in Chicago

Ambassador Financial Group in Allentown, Pa., is bringing a Chicago investor relations firm into its fold.

Ambassador, a broker-dealer and deal advisor, announced Thursday that it would acquire the operations of Capital Insight Partners. Jacob Eisen and Tad Gage, the co-founders of Capital Insight, are set to become managing directors of Ambassador.

"Helping clients is the hallmark of our business philosophy, and Capital Insight Partners fortifies our ability to deliver on that objective," said Matthew T. Resch, a managing director of Ambassador, in a press release.

It has been a relatively busy year for Ambassador. The firm was advisor to ESSA Bancorp Inc. in the Stroudsburg, Pa., bank's acquisition of First Star Bancorp Inc. in Bethlehem, Pa., which closed last month. It is also advising Old Line Bancshares in Bowie, Md., in its deal for WSB Holdings, also in Bowie, which was announced last week.

"We believe community banks have been universally bashed as credible investment opportunities and many high quality financial institutions have been painted with a negative brush," Eisen said in a press release Thursday. "The alliance with Ambassador is a way for our clients to gain access to a team dedicated to the community banking industry."