GREEN BAY, Wis., Jan. 23, 2018 /PRNewswire/ -- Associated
Banc-Corp (NYSE: ASB) ("Associated") announced today that it has
received regulatory approvals for the acquisition of Bank Mutual
Corporation (Nasdaq: BKMU) ("Bank Mutual") from the Office of the
Comptroller of the Currency and the Federal Reserve Board.
Associated and Bank Mutual entered into an Agreement and Plan of
Merger (the "Merger Agreement") on July 20,
2017, pursuant to which Bank Mutual will merge with and into
Associated ("Merger"). The Merger is expected to close on
February 1, 2018, subject to
customary closing conditions. Associated expects to merge Bank
Mutual's banking subsidiary with and into Associated's banking
subsidiary, Associated Bank, N.A., late in the second quarter or
early in the third quarter of 2018.
About Associated Banc-Corp
Associated Banc-Corp (NYSE:
ASB) has total assets of $30 billion
and is one of the top 50 publicly traded U.S. bank holding
companies. Headquartered in Green
Bay, Wisconsin, Associated is a leading Midwest banking
franchise, offering a full range of financial products and services
from over 200 banking locations serving more than 100 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.
Forward Looking Statements
This press release contains
"forward-looking statements" Statements made in this presentation
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.
Media Contact: Jennifer
Kaminski, 920-491-7576
Investor
Contact: Jessica VandenHeuvel,
920-491-7059
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SOURCE Associated Banc-Corp
