Associated Banc-corp — Merger or Acquisition (December 2018)

4 slides from Associated Banc-corp's merger presentation, Dec 11, 2018

Slide 1: Acquisition of the Wisconsin Branch Network of The Huntington National Bank
Investor Presentation Acquisition of the Wisconsin Branch Network of The Huntington National Bank @ December 11, 2018 4 AssociatedBank ASB
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This document contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may
Slide 3: Purchase & Assumption Transaction Summary
PURCHASE & ASSUMPTION TRANSACTION SUMMARY Purchaser: Associated Bank, N.A. Seller: The Huntington National Bank Assets Purchased: - 32 Branches and ~$134mm of WI related loans Deposits Assumed: ~$850MM Consideration: 100% Cash Transaction Value: ~$34MM" - ~4% net blended premium on deposits acquired
Slide 4: Strategic and Financial Rationale
STRATEGIC AND FINANCIAL RATIONALE = Deliversa smaller, in-market, core funding driven, depository acquisition = Similar customer, product, and revenue mix to Associated existing book Low-risk = All customers are depositors in a WI branch and/or borrowers based in WI Transaction = _~$134MM of Consume