• NYSE: ASB
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  • 24.15
    Stock Quote ($)
  • Change ($) (0.40)
  • Change (%) (1.63)
  • Market Value ($M) 3,654.93
  • Volume 604,809
  • As of 10/17/2017 Close Minimum 20 minute delay.

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
Associated Banc-Corp
Actual Acquirer:
Associated Banc-Corp
Target:
Farmers State Bank
Deal Type:
Bank & Thrift Company
Agreement Date:
5/9/1991
Announcement Date:
5/9/1991
Announced Deal Value ($ M):
6.20
Status:
Completed
Completion Date:
12/1/1991
Announced Deal Value Per Share ($ )
3,102.50

Consideration Breakout
Cash ($M) 2.2
Common Stock ($M) 4.3
Common Stock Issued 161,916

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 161.7 136.6
Price / Tangible Book (%) 161.7 136.6
Price / Earnings (x) 11.6 9.8
Price / Deposits (%) 12.69 11.20
Price / Assets (%) 11.65 10.26
Tangible Book Premium/ Deposits (%) 5.17 3.25
Deal Terms
Description of Consideration

River Valley Bancorp received $2.2 million in cash and 161,916 shares of Associated common for all outstanding shares of Farmers State Bank.

Accounting Method Purchase
In-State Transaction? Yes
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 880
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) 80.9580
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 No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Godfrey & Kahn SC
Seller Yes Ruden Ware & Michler SC