M&A Deal Summary

Associated Bank Acquires Windsor Bank

On February 3, 1999, Associated Bank acquired financial services company Windsor Bank for 25M USD

Acquisition Highlights
  • This is Associated Bank’s 3rd transaction in the Financial Services sector.
  • This is Associated Bank’s 9th largest (disclosed) transaction.
  • This is Associated Bank’s 3rd transaction in the United States.
  • This is Associated Bank’s 1st transaction in Minnesota.

M&A Deal Summary

Date 1999-02-03
Target Windsor Bank
Sector Financial Services
Buyer(s) Associated Bank
Deal Type Add-on Acquisition
Deal Value 25M USD
Advisor(s) Piper Sandler & Co. (Financial)
Kaplan, Strangis and Kaplan (Legal)

Target

Windsor Bank

Minneapolis, Minnesota, United States
Windsor Bank is a commercial and banking services provider. Windsor Bank is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Associated Bank

Green Bay, Wisconsin, United States

Category Company
Founded 1861
Sector Financial Services
Employees4,006
Revenue 1.0B USD (2024)
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 3 of 15
Sector: Financial Services M&A 3 of 13
Type: Add-on Acquisition M&A Deals 3 of 12
State: Minnesota M&A 1 of 4
Country: United States M&A 3 of 14
Year: 1999 M&A 1 of 2
Size (of disclosed) 9 of 10
PREVIOUS 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
FOLLOWING 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