Associated to Close State Financial Acquisition Oct. 3
01 10월 2005 - 6:00AM
Business Wire
Associated Banc-Corp (NASDAQ:ASBC) and State Financial Services
Corporation (NASDAQ:SFSW) have amended their merger agreement to
provide for closing the transaction on Oct. 3, the companies
announced today. The combined company will have more than 320
branch offices and more than 350 ATM locations throughout
Wisconsin, Illinois and eastern Minnesota. The conversion of State
Financial's operating systems to Associated's platform is scheduled
for early November 2005. "Our integration planning is progressing
well and our timetables remain on track," said Paul S. Beideman,
president and CEO of Associated. State Financial is a $1.5 billion
financial services company operating through 29 full-service office
locations in southeastern Wisconsin and northeastern Illinois.
Through its banking network, State Financial provides commercial
and retail banking products, secondary market mortgage loan
originations and investment brokerage activities. Associated
Banc-Corp offers a full range of traditional banking services and a
variety of other financial products and services, with the No. 1
branch distribution position in most of its key markets. Associated
has been named a Mergent Dividend Achiever based on its 34-year
history of dividend increases, is a member of the Forbes Global
2000, and has been a leading Small Business Administration lender
for many years. More information about Associated Banc-Corp is
available at www.AssociatedBank.com. Certain matters discussed in
this press release are "forward-looking statements" intended to
qualify for the safe harbors from liability established by the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can generally be identified as such
because the context of the statement will include words such as
"believes," "anticipates" or "expects," or words of similar import.
Such forward-looking statements are subject to certain risks and
uncertainties, which could cause actual results to differ
materially from those currently anticipated. Such risks and
uncertainties include, among others, State Financial's and
Associated's ability to complete the merger in a timely manner or
at all, the risk that the business of State Financial will not be
integrated successfully into Associated, the risk that the cost
savings from the merger may not be fully realized or may take
longer to realize than expected, and other factors discussed in the
filings of Associated and State Financial with the Securities and
Exchange Commission. Investors should consider these factors
carefully in evaluating the forward-looking statements and are
cautioned not to place undue reliance on such forward-looking
statements.
State Financial (NASDAQ:SFSW)
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State Financial (NASDAQ:SFSW)
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부터 6월(6) 2023 으로 6월(6) 2024
State Financial Svcsa (MM) (나스닥)의 실시간 뉴스: 최근 기사 0
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