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

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Associated Banc-Corp (ASB) to acquire Bank Mutual (BKMU) for $482M

July 20, 2017 4:21 PM EDT

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.

Associated and Bank Mutual share a proud heritage of serving Wisconsin and other Midwest communities for 156... More