Deal Details
Preferred Offering
Summary
Baird served as a senior co-manager in this offering.
About
Associated Banc-Corp (“Associated” or the “Company”) (NASDAQ: ASBC) recently completed its public offering and sale of 2,600,000 depositary shares, each representing a 1/40th interest in a share of the Company’s Series B 8.00% Perpetual Preferred Stock at a price of $25.00 per share, generating gross proceeds of approximately $65.0 million. Associated used the net proceeds from this offering, its recently completed public offering of $130 million of 5.125% Senior Notes due 2016 and cash on hand to complete the repurchase of the remaining 262,500 shares of the Series A Preferred Stock the Company issued to the U.S. Department of the Treasury under the Troubled Asset Relief Program (TARP) Capital Purchase Program.Associated Banc-Corp has total assets of $22 billion and is one of the top 50 financial services holding companies operating in the United States. Headquartered in Green Bay, WI, Associated has approximately 270 banking locations serving more than 150 communities in Wisconsin, Illinois and Minnesota. The Company offers a full range of banking services and other financial products and services.
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- Date
- September 2011
- Company
- Associated Banc-Corp
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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