• NYSE: ASB
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  • 24.30
    Stock Quote ($)
  • Change ($) (0.10)
  • Change (%) (0.41)
  • Market Value ($M) 3,701.37
  • Volume 406,836
  • As of 05/26/2017 Close Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Associated Banc-Corp
Actual Acquirer:
Associated Banc-Corp
Target:
Mid-America National Bancorp, Incorporated
Deal Type:
Bank & Thrift Company
Agreement Date:
3/20/1996
Announcement Date:
3/20/1996
Announced Deal Value ($ M):
6.90
Status:
Completed
Completion Date:
7/31/1996
Announced Deal Value Per Share ($ )
9.66

Consideration Breakout
Cash ($M) 6.7

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 176.9 164.5
Price / Tangible Book (%) 176.9 164.5
Price / Earnings (x) 7.3 17.9
Price / Deposits (%) 17.55 19.17
Price / Assets (%) 15.94 17.10
Tangible Book Premium/ Deposits (%) 8.30 8.28
Deal Terms
Description of Consideration

Mid-America National shareholders received $6.7 million in cash for all outstanding shares. Seller's financials are for Mid-America National Bank.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) NA
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 300
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 No
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 No NA
Seller Yes Prairie Capital Services Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Saitlin Patzik Frank Samotny
Seller Yes Barack Ferrazzano Kirschbaum