"The debt offering and the partial repurchase of the TARP preferred stock are consistent with our plans to repay the TARP funds as soon as possible and in the most shareholder-friendly manner possible," said President and CEO
"We believe the regulatory approval of this partial repayment is another indication of the company's financial strength. Our pro forma capital ratios following the notes offering and the repayment continue to exceed the requirements of our regulators and standards for well-capitalized banks. This strong capital position provides us with flexibility as we continue to execute our strategic plans for growth."
The following table outlines the company's reported capital ratios at
As of December 31, 2010 | ||||
Actual | As Adjusted for | |||
Tier 1 common equity to risk-weighted assets | 12.26% | 12.22% | ||
Tier 1 risk-based capital ratio | 17.58% | 15.64% | ||
Total risk-based capital ratio | 19.05% | 17.11% | ||
About
Statements made in this document that are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. These statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "will," "intend," or similar expressions. Outcomes related to such statements are subject to numerous risk factors and uncertainties including those listed in the Company's most recent Annual Report filed on Form 10-K as updated by the Company's most recent Form 10-Q.
Investor Contact:
janet.ford@associatedbank.com
414-278-1890
Media Contact:
autumn.latimore@associatedbank.com
414-278-1860
SOURCE
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