Associated Announces Increase in Common Stock Dividend and Planned
Share Repurchase Program
GREEN BAY, Wis., Nov. 13, 2012 /PRNewswire/ -- The Board of
Directors of Associated Banc-Corp (NASDAQ: ASBC) has declared a
regular quarterly cash dividend of $0.08 per common share, payable on December 17, 2012, to shareholders of record at
the close of business on December 3,
2012.
The Board of Directors has also declared a regular quarterly
cash dividend of $0.50 per depositary
share on Associated Banc-Corp's 8.00% Series B Perpetual Preferred
Stock to shareholders of record at the close of business on
December 3, 2012, with the dividend
payable date of December 15, 2012,
and an actual payment date of Monday,
December 17, 2012.
The Board also authorized the repurchase of up to $125 million of Associated Banc-Corp's common
stock. Such repurchases are subject to regulatory approval
and may occur from time to time in open markets or privately
negotiated transactions.
About Associated Banc-Corp
Associated Banc-Corp
(NASDAQ: ASBC) has total assets of $23
billion and is one of the top 50, publicly traded, U.S. bank
holding companies. Headquartered in Green Bay, Wis., Associated is a leading
Midwest banking franchise, offering a full range of financial
products and services through more than 250 banking locations
serving more than 150 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services
in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal
Housing Lender, Equal Opportunity Lender and Member FDIC.
More information about Associated Banc-Corp is available at
www.associatedbank.com.
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 management's plans, objectives, or goals for
future operations, products or services, and forecasts of its
revenues, earnings, or other measures of performance. Such
forward-looking statements may be identified by the use of words
such as "believe", "expect", "anticipate", "plan", "estimate",
"should", "will", "intend", "outlook", 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.
Such factors are incorporated herein by reference.
Investor Contact:
Tim
Sedabres, VP of Finance, Investor Relations
920-491-7059
Media
Contact:
Autumn
Latimore, Senior Vice President, Public Relations
Director
414-278-1860
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SOURCE Associated Banc-Corp