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By The Online Investor Staff, updated Mon., Oct. 21, 11:25 PM

Slide #38. Associated Banc-Corp First Staunton Bancshares, Inc.

Acquirer: Associated Banc-Corp (NYSE:ASB)
Acquiree: First Staunton Bancshares, Inc.
Details: Associated Banc-Corp (NYSE: ASB) ("Associated") announced today that it has received regulatory approval for the acquisition of First Staunton Bancshares, Inc. ("First Staunton") from the Office of the Comptroller of the Currency. Associated and First Staunton entered into a definitive merger agreement on July 25, 2019, under which First Staunton will be acquired by Associated. First Staunton's subsidiary, the First National Bank in Staunton, will also merge with Associated's bank subsidiary, Associated Bank, N.A. The transaction is expected to close February 2020.

Associated Banc is a bank holding company. Through its subsidiaries, Co. provides banking and nonbanking products and services. Co. has three segments: Corporate and Commercial Specialty, which includes lending solutions, deposit and cash management solutions, and financial services; Community, Consumer, and Business, which includes lending solutions, deposit and transactional solutions, investable funds solutions, trust and investment management accounts, insurance and benefits-related products and services, and fiduciary services; and Risk Management and Shared Services, which includes corporate risk management, credit administration, finance, treasury, and operations and technology.

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Company Name:  Associated Banc-Corp
Stock buyback:  ASB buyback
Sector:  Banking & Savings
Number of ETFs Holding ASB:  72
Total Market Value Held by ETFs:  $593.29M
Total Market Capitalization:  $3.29B
% of Market Cap. Held by ETFs:  18.04%

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October 21, 2019    11:25 PM Eastern
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Hold (2.11 out of 4)
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