M&A Deal Summary

Associated Bank Acquires First Financial

On October 29, 1997, Associated Bank acquired financial services company First Financial for 866M USD

Acquisition Highlights
  • This is Associated Bank’s 1st transaction in the Financial Services sector.
  • This is Associated Bank’s largest (disclosed) transaction.
  • This is Associated Bank’s 1st transaction in the United States.
  • This is Associated Bank’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 1997-10-29
Target First Financial
Sector Financial Services
Buyer(s) Associated Bank
Deal Type Add-on Acquisition
Deal Value 866M USD
Advisor(s) KeyBanc Capital Markets (Financial)
Hogan Lovells (Legal)

Target

First Financial

Stevens Point, Wisconsin, United States
First Financial Corp. is a provider of full range of banking services.

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Buyer(S) 1

Buyer

Associated Bank

Green Bay, Wisconsin, United States

website

Category Company
Founded 1861
Sector Financial Services
Employees4,200
Revenue 1.2B USD (2022)
DESCRIPTION

Associated Bank has 218 banking offices serving more than 150 communities in Wisconsin, Illinois, and Minnesota. The company offers a full range of traditional banking services and a variety of other financial products and services. Associated Bank was incorporated in 1861 and is based in Green Bay, Wisconsin.

DEAL STATS #
Overall 1 of 14
Sector (Financial Services) 1 of 12
Type (Add-on Acquisition) 1 of 11
State (Wisconsin) 1 of 8
Country (United States) 1 of 13
Year (1997) 1 of 1
Size (of disclosed) 1 of 9
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-18 Citizens Bankshares

Shawano, Wisconsin, United States

Citizens Bankshares, Inc. is a financial services provider.

Buy $25M
Mergr

Product

Company

Legal