Associated Banc-Corp To Buy Back Up to 5% of Stock.Business Editors GREEN BAY, Wis adv. 1. Certainly; really; indeed. v. t. 1. To think; to suppose; to imagine; - used chiefly in the first person sing. present tense, I wis. See the Note under Ywis. .--(BUSINESS WIRE)--March 8, 2000 The Board of Directors 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. (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 adopted a resolution calling for the repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. of up to five percent of Associated's outstanding shares, or approximately 3.2 million shares. The share purchases are expected to take place from time to time in the open market or through privately negotiated transactions, starting March 9. Associated Banc-Corp President and CEO-elect Robert C. Gallagher said that, at current market prices for Associated's stock, the buy-back represents an excellent opportunity to improve shareholder value. "We believe Associated stock is a value at its recent trading levels. This investment is clearly an effective way to deploy our excess capital to improve value for shareholders," Gallagher said. "Associated's strong financial position provides us an opportunity to take advantage of current market conditions without altering our strategic plan or limiting alternatives in the future. Our focus will continue to center on improving shareholder value by increasing earnings per share," he said. 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 total assets of $12.5 billion. Associated has more than 200 banking offices and 225 ATMs serving more than 150 communities in Wisconsin, Illinois, and Minnesota. The company offers a full range of traditional banking services and a variety of financially related products and services. More information about Associated Banc-Corp is available at www.associatedbank.com. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are interest rates, changes in the mix of the company's business, competitive pressures, general economic conditions and the risk factors detailed in the company's periodic reports and registration statements filed with the Securities and Exchange Commission. |
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