GREEN
BAY, Wis., Nov. 14, 2024 /PRNewswire/
-- Associated Banc-Corp (NYSE: ASB) today announced a proposed
public offering of 11,500,000 shares of its common stock,
$0.01 par value (the "Common
Stock").
In addition, Associated Banc-Corp ("Associated") expects to
grant the underwriters for the offering an option to purchase
up to an additional 1,725,000 shares of its Common Stock sold in
the offering for 30 days following the date of the pricing of the
offering.
Associated expects to use the net proceeds from this offering
for general corporate purposes to support continued organic growth
and capital generation, which may include investments in Associated
Bank, N.A. and potential balance sheet optimization strategies.
BofA Securities and J.P. Morgan are acting as joint book-running
managers for the offering.
The Common Stock will be issued pursuant to an effective shelf
registration statement (File No. 333- 280004) and a
preliminary prospectus supplement filed with the Securities and
Exchange Commission (the "SEC"), and a final prospectus supplement
to be filed with the SEC.
Copies of the registration statement, the preliminary prospectus
supplement and the accompanying base prospectus relating to the
Common Stock offering can be obtained without charge by visiting
the SEC's website at www.sec.gov, or by contacting BofA Securities,
201 North Tryon Street, Charlotte,
NC 28255 or by email at dg.prospectus_requests@bofa.com or
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717 or by email at prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
Common Stock in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction. Any offering of the Common Stock is being made only
by means of a written prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, as amended.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of
$42 billion and is the largest bank
holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading
Midwest banking franchise, offering a full range of financial
products and services from nearly 200 banking locations serving
more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan
production offices in Indiana,
Michigan, Missouri, New
York, Ohio and Texas. Associated Bank, N.A. is an Equal
Housing Lender, Equal Opportunity Lender and Member FDIC.
FORWARD-LOOKING STATEMENTS
Statements made in this document which are not purely historical
are forward-looking statements, as defined in the Private
Securities Litigation Reform Act of 1995. This includes any
statements regarding the proposed offering and the intended use of
proceeds. Such forward-looking statements may be identified by the
use of words such as "believe," "expect," "anticipate," "plan,"
"estimate," "should," "will," "intend," "target," "outlook,"
"project," "guidance," or similar expressions. Forward-looking
statements are based on current management expectations and, by
their nature, are subject to risks and uncertainties. Actual
results may differ materially from those contained in the
forward-looking statements. Factors which may cause actual results
to differ materially from those contained in such forward-looking
statements include those identified in the Company's most recent
Form 10-K and subsequent SEC filings.
Media Contact: Andrea
Kozek
Senior Manager, Public Relations
920-491-7518
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SOURCE Associated Banc-Corp
