• NYSE: ASB
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  • 24.45
    Stock Quote ($)
  • Change ($) 0.15
  • Change (%) 0.62
  • Market Value ($M) 3,695.98
  • Volume 547,198
  • As of 11/17/2017 Close Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Associated Banc-Corp
Actual Acquirer:
Associated Banc-Corp
Target:
First National Bank of Hudson
Deal Type:
Bank & Thrift Company
Agreement Date:
1/17/2007
Announcement Date:
1/17/2007
Announced Deal Value ($ M):
92.97
Status:
Completed
Completion Date:
6/1/2007
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 46.5
Common Stock ($M) 44.2
Common Stock Issued 1,337,745

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 267.2 238.2
Price / Tangible Book (%) 267.2 238.2
Price / Earnings (x) 19.2 17.7
Price / Deposits (%) 30.42 28.17
Price / Assets (%) 23.76 23.76
Tangible Book Premium/ Deposits (%) 21.02 18.59
Deal Terms
Description of Consideration

Associated Banc-Corp. issued 1,337,745 shares of its common stock and paid $46.5 million in cash to acquire Charter 95 Corporation. Target's financials are for First National Bank of Hudson.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 57,539
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) NA
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) NA
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement NA
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 4,385
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes Bank Advisory Group LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Seller NA NA