• NYSE: ASB
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  • 20.37
    Stock Quote ($)
    • Change ($) 0.06
    • Change (%) 0.30
    • Market Value ($M) 3,253.51
    • Volume 1,141,244
    As of 09/13/2019 Close Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Associated Banc-Corp
Actual Acquirer:
Associated Banc-Corp
Target:
First Staunton Bancshares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
7/25/2019
Announcement Date:
7/25/2019
Announced Deal Value ($ M):
76.30
Status:
Pending
Completion Date:
NA
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 76.3

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 121.9 NA
Price / Tangible Book (%) 126.9 NA
Price / Earnings (x) 16.7 NA
Price / Deposits (%) 17.51 NA
Price / Assets (%) 14.13 NA
Tangible Book Premium/ Deposits (%) 4.06 NA
Deal Terms
Description of Consideration

Associated Banc-Corp will pay $76.3 million in cash to acquire First Staunton Bancshares Inc. Target financials are for First National bank of Staunton.

Accounting Method Acquisition
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Partial Overlap
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) 35.00
Estimated Cost Savings ($ 000) 4,612
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) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Seller Yes Gerrish Smith Tuck PC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Howard & Howard Attorneys PLLC
Seller Yes Polsinelli PC