Associated Banc-Corp (ASB) said that it has priced a public offering of 12 million shares of its common stock, $0.01 par value, at a public offering price of $25.00 per share, for aggregate gross proceeds of $300 million.
In addition, Associated Banc-Corp has granted the underwriters an option to purchase up to an additional 1.80 million shares of its Common Stock for 30 days following the date of this pricing. The offering is expected to close on November 18, 2024.
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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.