• 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:
F&M Financial Services Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
8/19/1991
Announcement Date:
8/19/1991
Announced Deal Value ($ M):
68.20
Status:
Completed
Completion Date:
5/8/1992
Announced Deal Value Per Share ($ )
22.20

Consideration Breakout
Common Stock ($M) 76.9
Common Stock Issued 2,461,566

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 147.1 161.6
Price / Tangible Book (%) 166.0 181.0
Price / Earnings (x) 16.6 17.5
Price / Deposits (%) 11.15 12.36
Price / Assets (%) 9.77 10.88
Tangible Book Premium/ Deposits (%) 4.92 8.30
Deal Terms
Description of Consideration

F&M Financial shareholders received 0.80 shares of Associated common for each share held.

Accounting Method Pooling of Interests
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 0
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) 0.8000
Exchange Ratio (Common For Preferred) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement Yes
Strike Price ($ ) 15.5000
% of Shares Outstanding 19.90
Shares Under Option 598,270
Core Deposit Intangibles ($ 000) NM
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes Hellmold Associates Inc.
Seller Yes ABN AMRO Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Shearman & Sterling LLP
Seller Yes Quarles & Brady LLP