Associated Banc-Corp Announces Stock Buy-Back Plan.GREEN BAY, Wis.--(BUSINESS WIRE)--Oct. 8, 1998--Associated Banc-Corp (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ASBC ASBC American Society of Brewing Chemists (St. Paul, MN) ASBC American Small Business Coalition ASBC Air and Space Basic Course (USAF) ASBC Archaeological Society of British Columbia ) today announced its Board of Directors has approved a buy-back of up to 900,000 shares of its common stock. The board of Associated Banc-Corp Associated Banc-Corp is a bank holding company headquartered in Green Bay, Wisconsin. As of early 2007, it had $20.8 billion in assets and was the 41st largest bank holding company in the United States.[1] The company has over 5101 employees. and Citizens Bankshares Inc. of Shawano, Wis., also approved a change in the terms of Associated's planned acquisition of Citizens to allow Citizens shareholders to elect to receive up to 50 percent of the transaction value in cash. Previously, the companies had announced the transaction would take place through a stock transaction, as is Associated's normal practice for acquisitions. The Associated stock buy-back is in the amount equivalent to the maximum number of shares that could be issued in the Citizens transaction and is being conducted specifically for that purpose. "While acquisitions by pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. offer many advantages, and remain Associated's primary tool for acquisitions, we have determined, in this instance, that our revised structure will provide a more favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. result to Associated as well as providing an attractive option to Citizens shareholders to receive cash," Conlon said. The announcement comes on the heels of Associated's definitive agreement to acquire Windsor Bancshares, Inc. of Minneapolis, Minn., on a pooling-of-interests basis. Associated Banc-Corp, headquartered in Green Bay, Wis., is a diversified multibank holding company Noun 1. multibank holding company - a bank holding company owning several banks bank holding company - a holding company owning or controlling one or more banks with $10.6 billion in total assets. Associated has more than 200 banking offices, and 225 ATMs serving 150 communities in Wisconsin and Illinois. The company offers a full range of traditional banking services and a variety of financially-related products and services through other Associated affiliates. More information on Associated Banc-Corp is available at http://www.assocbank.com. |
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