GREEN BAY, Wis., Aug. 5, 2021 /PRNewswire/ -- Associated Banc-Corp
(NYSE: ASB) ("Associated") today announced that it is calling for
redemption on September 15, 2021 (the
"Redemption Date") of all of its outstanding Depositary Shares
(NYSE: ASB PR D) representing a 1/40th interest in a share of
Associated's 5.375% Perpetual Preferred Stock, Series D (the
"Depositary Shares"). As of today, there are 3,978,320 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 transmitted
to holders of record of the Depositary Shares on August 5, 2021. 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 Equiniti Trust Company, in accordance with the Deposit
Agreement among Associated, Wells Fargo Bank, N.A. (now known as
Equiniti Trust Company) and the Holders from Time to Time of the
Depositary Receipts Described Therein, dated as of September 15, 2016. Questions related to the
notice of redemption and related materials should be directed to
Equiniti Trust Company, as Associated's redemption agent (the
"Redemption Agent"), at 1-800-468-9716. The Redemption
Agent's address is Equiniti Trust Company, Attn: Corporate Actions
Department, 1110 Centre Pointe Curve Suite 101, Mendota Heights, MN 55120.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of
$34 billion and is Wisconsin's largest bank holding
company. Headquartered in Green Bay,
Wisconsin, Associated is a leading Midwest banking
franchise, offering a full range of financial products and services
from more than 220 banking locations serving more than 120
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," "target," "outlook," "guidance," 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:
Ben
McCarville, Vice President, Director of Investor
Relations
920-491-7059
Media Contact:
Jennifer
Kaminski, Vice President, Public Relations Senior
Manager
920-491-7576
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SOURCE Associated Banc-Corp