M&A Deal Summary

Associated Bank Acquires Signal Financial

On February 28, 2002, Associated Bank acquired financial services company Signal Financial for 177M USD

Acquisition Highlights
  • This is Associated Bank’s 5th transaction in the Financial Services sector.
  • This is Associated Bank’s 5th largest (disclosed) transaction.
  • This is Associated Bank’s 5th transaction in the United States.
  • This is Associated Bank’s 3rd transaction in Minnesota.

M&A Deal Summary
Date 2002-02-28
Target Signal Financial
Sector Financial Services
Buyer(s) Associated Bank
Deal Type Add-on Acquisition
Deal Value 177M USD
Advisor(s) Sandler O'Neill + Partners (Financial)
Fredrikson & Byron (Legal)

Target

Signal Financial

Saint Paul, Minnesota, United States
Signal 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 5 of 14
Sector (Financial Services) 5 of 12
Type (Add-on Acquisition) 5 of 11
State (Minnesota) 3 of 4
Country (United States) 5 of 13
Year (2002) 1 of 1
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-31 Riverside Acquisition

Minneapolis, Minnesota, United States

Riverside Acquisition Corp. is a banking services provider.

Buy $89M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 First Federal Capital

La Crosse, Wisconsin, United States

First Federal serves nearly 250,000 households with checking, savings, investment and loan products. Its 91 office locations include 49 supermarket branches. In addition, First Federal provides commercial real estate lending services and holds a dominant market share position for residential mortgage lending in many of its markets. First Federal also offers business banking products in select markets.

Buy $613M
Mergr

Product

Company

Legal