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

Category Company
Founded 1861
Sector Financial Services
Employees4,070
Revenue 1.1B USD (2023)
DESCRIPTION

Associated Bank 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