- the redemption of all of Associated Banc-Corp's 9.250% Subordinated Notes due 2018 at the first redemption date; and
- the purchase of up to $10 million of Associated Banc-Corp's 8.0% Perpetual Preferred Stock, Series B.
Regional lenders like Bank of Oklahoma and Comerica have more to lose from souring energy loans than their nationwide rivals, says ratings firm Moody's. It's partly a matter of location.
Moody’s has placed the credit ratings of four regional banking companies on review for downgrade, based their portfolio of energy loans, which are under pressure due to low oil prices.
Associated Banc, Boston Private, Capital Federal, National Penn, PacWest Banc, Signature Bank and Umpqua Holdings are on a shopping list.
TAC ASBC ITC are going ex-dividend tomorrow, Wednesday, November 26, 2014