Associated Banc-Corp announces pricing of common stock offering
Associated Banc-Corp (ASB)
NASDAQ:AMEX Investor Relations:
investor.associatedbank.com
Company Research
Source: PR Newswire
GREEN BAY, Wis., Nov. 14, 2024 /PRNewswire/ -- Associated Banc-Corp ("Associated") (NYSE: ASB) today announced the pricing of a public offering of 12,000,000 shares of its common stock, $0.01 par value (the "Common Stock"), at a public offering price of $25.00 per share, for aggregate gross proceeds of $300 million.In addition, Associated Banc-Corp has granted the underwriters an option to purchase up to an additional 1,800,000 shares of its Common Stock for 30 days following the date of this pricing. The offering is expected to close on November 18, 2024, subject to the satisfaction of customary closing conditions.Associated expects to use the net proceeds from this offering for general corporate purposes to support continued organic growth and capital generation, which may include investments in Associated Bank, N.A. and potential balance sheet optimization strategies.BofA Securities and J.P. Morgan are acting as joint book-running managers for the offering.The Common Stock will be
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ASB
News
- Associated Bank Welcomes Four Additional Relationship Managers to Support Ongoing Commercial Banking Expansion [Yahoo! Finance]Yahoo! Finance
- Associated Bank Welcomes Four Additional Relationship Managers to Support Ongoing Commercial Banking ExpansionPR Newswire
- Associated Banc-Corp (NYSE: ASB) had its price target raised by analysts at Barclays PLC from $27.00 to $28.00. They now have an "equal weight" rating on the stock.MarketBeat
- Associated Banc-Corp Decreases Prime Rate [Yahoo! Finance]Yahoo! Finance
- Associated Banc-Corp Decreases Prime RatePR Newswire
ASB
Earnings
- 10/24/24 - Beat
ASB
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- ASB's page on the SEC website