Associated Banc-Corp to redeem all 8% perpetual preferreds on Sept. 15

By Marisa Wong

Morgantown, W.Va., July 26 – Associated Banc-Corp is calling for redemption all of its outstanding depositary shares representing a 1/40th interest in a share of 8% perpetual preferred stock, series B, according to a press release.

The shares will be redeemed on Sept. 15 at a redemption price of $25.00 per share, plus any declared and unpaid dividends.

As of July 26, there are 2,356,137 depositary shares outstanding.

The Green Bay, Wis., bank holding company said it mailed a notice of redemption to holders of record on July 26.

Wells Fargo Bank, NA (800 468-9716) is the redemption agent.

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