Deal Details
Follow-On Offering
Summary
Baird served as a co-manager in this offering.
About
Associated Banc-Corp (NASDAQ: ASBC) (“Associated” or the “Company”) recently completed a follow-on offering of 44.8 million shares of common stock at $11.15 per share, generating gross proceeds of approximately $500 million for the Company. The net proceeds from the offering will qualify as tangible common equity and Tier 1 capital and will be used to further capitalize Associated Bank, National Association in order to support continued growth and for working capital and other general corporate purposes.Associated Banc-Corp, headquartered in Green Bay, Wisconsin, is a diversified bank holding company with total assets of $23 billion. Associated has approximately 300 banking offices serving approximately 160 communities in Wisconsin, Illinois, and Minnesota. The Company offers a full range of traditional banking services and a variety of other financial products and services. Associated owns one nationally chartered commercial bank headquartered in Wisconsin, serving local communities within a three-state footprint (Wisconsin, Illinois, and Minnesota), one nationally chartered trust company headquartered in Wisconsin and 28 limited purpose banking and nonbanking subsidiaries that are closely related or incidental to the business of banking.
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- Date
- January 2010
- Company
- Associated Banc-Corp
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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