Associated Banc-Corp (ASB) Reports In-Line Q2 EPS

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Associated Banc-Corp Reports Second Quarter Earnings of $0.36 per share

July 20, 2017 4:22 PM EDT

GREEN BAY, Wis., July 20, 2017 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today reported net income available to common equity of $56 million, or $0.36 per common share for the quarter ended June 30, 2017.   This compares to net income available to common equity of $47 million, or $0.31 per common share for the quarter ended June 30, 2016.

"Robust loan growth and improving fee-based income trends drove this quarter's results. Our residential mortgage retention strategy contributed to most of this quarter's loan growth and we are also pleased to report solid commercial and business lending growth. We also benefited from improving... More

Associated Banc-Corp to acquire Bank Mutual Corporation

July 20, 2017 4:19 PM EDT

GREEN BAY and MILWAUKEE, Wis., July 20, 2017 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") and Bank Mutual Corporation (NASDAQ: BKMU) ("Bank Mutual"), jointly announced today that they have entered into a definitive agreement under which Bank Mutual will merge with and into Associated. Bank Mutual's bank subsidiary will also merge with and into Associated's bank subsidiary, Associated Bank, N.A. The all stock transaction is valued at approximately $482 million, based on Associated's July 19, 2017, closing stock price of $24.60 per share.

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