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 8th 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
Employees4,070
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 3 of 14
Sector (Financial Services) 3 of 12
Type (Add-on Acquisition) 3 of 11
State (Minnesota) 1 of 4
Country (United States) 3 of 13
Year (1999) 1 of 2
Size (of disclosed) 8 of 9
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
Mergr

Product

Company

Legal