• NYSE: ASB
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  • 25.30
    Stock Quote ($)
  • Change ($) 0.35
  • Change (%) 1.40
  • Market Value ($M) 3,824.47
  • Volume 1,093,672
  • As of 12/12/2017 Close Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Associated Banc-Corp
Actual Acquirer:
Associated Banc-Corp
Target:
Centra Financial, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
4/10/1996
Announcement Date:
4/10/1996
Announced Deal Value ($ M):
14.40
Status:
Completed
Completion Date:
2/21/1997
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Common Stock ($M) 15.5
Common Stock Issued 345,304

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 185.9 193.2
Price / Tangible Book (%) 185.9 193.2
Price / Earnings (x) 18.3 16.9
Price / Deposits (%) 19.37 22.02
Price / Assets (%) 17.29 19.44
Tangible Book Premium/ Deposits (%) 9.24 10.90
Deal Terms
Description of Consideration

Centra shareholders received 2.0 shares of Associated Banc-Corp common for each share held. Seller's financials are for Central Bank of West Allis. The definitive agreement was signed on 11/7/96.

Accounting Method Pooling of Interests
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 0
Estimated Cost Savings (%) 20.00
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 100
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 2.0000
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) NM
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Reinhart Boerner Van Deuren sc
Seller Yes Davis & Kuelthau sc