• NYSE: ASB
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  • 24.80
    Stock Quote ($)
  • Change ($) 0.35
  • Change (%) 1.43
  • Market Value ($M) 3,777.53
  • Volume 758,024
  • As of 06/28/2017 Close Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Associated Banc-Corp
Actual Acquirer:
Associated Banc-Corp
Target:
Greater Columbia Bancshares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
8/24/1995
Announcement Date:
8/24/1995
Announced Deal Value ($ M):
31.90
Status:
Completed
Completion Date:
4/5/1996
Announced Deal Value Per Share ($ )
35.20

Consideration Breakout
Common Stock ($M) 36.5
Common Stock Issued 967,716

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 228.4 248.3
Price / Tangible Book (%) 288.7 299.5
Price / Earnings (x) 15.5 26.5
Price / Deposits (%) 18.93 21.09
Price / Assets (%) 15.01 17.36
Tangible Book Premium/ Deposits (%) 12.95 14.83
Deal Terms
Description of Consideration

Greater Columbia shareholders received 1.0665 shares of Associated common stock for each share held.

Accounting Method Pooling of Interests
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 0
Estimated Cost Savings (%) NA
Estimated Cost Savings ($ 000) NA
Est. Restructuring Charges ($ 000) NA
Maximum Termination Fee ($ 000) 0
Minimum Termination Fee ($ 000) NA
Exchange Ratio (Common For Common) 1.0665
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 Michael Best & Friedrich LLP