Associated Banc-Corp signs definitive agreements with two south central Wisconsin banks.GREEN BAY, Wis.--(BUSINESS WIRE)--Jan. 26, 1996--In two unrelated transactions, H.B. Conlon, chairman and chief executive officer for 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/NMS: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 ), announced the signing of definitive agreements to acquire two South Central Wisconsin Central Wisconsin is a colloquial term for a region of Wisconsin. This region generally coincides with the Wausau-Rhinelander Television Market. Counties in Central Wisconsin
Conlon and J. Robert Fusch, president and chief executive officer of the $145 million asset F&M Bankshares of Reedsburg Inc. (parent company of Farmers & Merchants Bank, Reedsburg, WI) announced the signing of a definitive agreement to solidify the terms of the merger transaction initiated between the two banking organizations through a letter of intent previously executed and announced. In a separate transaction Conlon and Beryl G. Pascavis, chairman and chief executive officer of the $211 million asset Greater Columbia Bancshares Inc. (parent of The First National Bank of Portage Portage (1, 2 pôr`təj; 3 pôr`tĭj). 1 Town (1990 pop. 29,060), Porter co., NW Ind., a suburb of Gary, on Lake Michigan; inc. 1959. , WI), also announced the signing of a definitive agreement between Associated and Greater Columbia Bancshares, solidifying their merger transaction which was also initiated between Associated and Greater Columbia through a letter of intent previously executed and announced. Both stock-for-stock merger transactions are contingent on Adj. 1. contingent on - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent upon, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent approval by regulatory authorities and the shareholders of F&M Bankshares and Greater Columbia Bancshares, respectively. The transactions are expected to be completed in the first half of 1996. Late last year (November 1995) Associated also signed a definitive agreement to acquire SBL SBL Society of Biblical Literature SBL Symbol Technologies, Inc. (NYSE symbol) SBL Spamhaus Block List SBL Space-Based Laser SBL Securities Borrowing and Lending SBL Supreme Beings of Leisure (band) Capital Bank Shares Inc. and its $67 million asset-subsidiary State Bank of Lodi Lodi, city, Italy Lodi (lô`dē), city (1991 pop. 42,250), Lombardy, N Italy, on the Adda River, near Milan. It is an important dairy and light industrial center. , also located in South Central Wisconsin. When completed in the first half of 1996, the three transactions will boost Associated's assets in South Central Wisconsin, including its current bank in Madison, to approximately $575 million. Corporate wide Associated's assets would total approximately $4.2 billion. The signing of the agreements follow the company's 1995 earnings announcement of a 12.0 percent increase in net income over the previous year -- its eight consecutive year of increased earnings. The $3.7 billion Associated Banc-Corp is headquartered in Green Bay. The 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 currently has over 85 banking locations in Wisconsin and northern Illinois offering a variety of financially related products and services to complement its traditional line of banking products. CONTACT: Associated Banc-Corp Brian R. Bodager, 414/433-3171 or Greater Columbia Bancshares Inc. Beryl G. Pascavis, 608/742-4115 or F&M Bankshares: Hoff Law Offices David Hoff, 608/271-9067 |
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