GREEN BAY, Wis., July 26, 2016 /PRNewswire/ -- Associated
Banc-Corp (NYSE: ASB) ("Associated") today announced that it is
calling for redemption on September 15,
2016 (the "Redemption Date") of all of its outstanding
depositary shares (NYSE: ASB PR B) representing a 1/40th interest
in a share of Associated's 8.00% Perpetual Preferred Stock, Series
B (the "Depositary Shares"). As of today, there are 2,356,137
Depositary Shares outstanding. The Depositary Shares will be
redeemed at a redemption price of $25
per Depositary Share, plus an amount equal to any declared and
unpaid dividends to the Redemption Date.
A notice of redemption and related materials will be mailed to
holders of record of the Depositary Shares on July 26, 2016. The Depositary Shares are held
through The Depository Trust Company ("DTC") and will be redeemed
in accordance with the procedures of DTC. Payment to DTC will
be made by Wells Fargo Bank, N.A., in accordance with the Deposit
Agreement among Associated, Wells Fargo Bank, N.A. and the Holders
from Time to Time of the Depositary Receipts Described Therein,
dated as of September 14, 2011.
Questions related to the notice of redemption and related materials
should be directed to Wells Fargo Bank, N.A., as Associated's
redemption agent (the "Redemption Agent"), at 1-800-468-9716.
The Redemption Agent's address is Wells Fargo Shareowner Services,
Attn: Corporate Actions Department, P.O. Box 64858, St. Paul, MN 55164-0858.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of
$29 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
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:
Teresa
Gutierrez, Senior Vice President, Director of Investor
Relations
920-491-7059
Media Contact:
Jennifer
Kaminski, Vice President, Public Relations Manager
920-491-7576
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SOURCE Associated Banc-Corp