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Associated Banc board approves redeeming $15 million 5.375% preferreds
By Wendy Van Sickle
Columbus, Ohio, July 25 – Associated Banc-Corp’s board of directors authorized on Tuesday the repurchase of up to $15 million of the company’s 5.375% series D perpetual preferred stock, according to an 8-K filing with the Securities and Exchange Commission.
Repurchases are subject to regulatory approval and may occur from time to time in open market purchases, block transactions, accelerated share repurchase programs or similar facilities, according to the filing.
The bank is based in Green Bay, Wis.
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