Associated Banc-Corp (ASB) announced a proposed public offering of 11.5M shares of its common stock. 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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASB:
- Associated Banc-Corp decreases prime rate to 7.75% from 8%
- Associated Banc-Corp cuts prime rate to 7.75%
- Associated Banc-Corp raises quarterly dividend to 23c from 22c per share
- Associated Banc-Corp price target raised to $24 from $22 at Wells Fargo
- Associated Banc-Corp price target raised to $25 from $23 at Stephens
Questions or Comments about the article? Write to editor@tipranks.com