GREEN BAY –
Associated Banc-Corp on Tuesday announced its board has
authorized issuing up to $500 million in common stock.
The bank said it has no immediate plans to buy a bank or another
Green Bay-based Associated, the largest bank with headquarters
in Wisconsin, said it has authorized the repurchase of up to
$120 million of its common stock. According to a statement,
about $56 million remains from a previous buyback, which was
authorized by the board last summer.
According to Associated, $39 million in stock that the bank
repurchased in the first quarter of this year was intended to
neutralize the effect of stock grants that are part of its
“As anticipated, Associated also announced that the Office of
the Comptroller of the Currency has formally terminated the
consent order dated Feb. 23, 2012 relating to the Bank Secrecy
Act/Anti-Money Laundering Compliance Program for Associated's
subsidiary, Associated Bank, N.A.,” the statement said.