Green Bay-based Associated Banc-Corp announced the pending transfer of the listing of its common stock from the NASDAQ Global Select Market to the New York Stock Exchange.
The parent company of Associated Bank expects to begin trading on the NYSE on Dec. 23 under the new ticker symbol “ASB.” Until the transfer is complete, the company’s common stock will continue to trade under the ticker symbol “ASBC” on the NASDAQ.
The company also expects its warrants, expiring Nov. 21, 2018, to begin trading on the NYSE MKT under the new ticker symbol “ASB WS” on Dec. 23, 2014. Until the transfer is complete, the company’s warrants will continue to trade under the ticker symbol “ASBCW” on the NASDAQ.
“We are pleased to join many of the top U.S. banks which currently trade on the NYSE,” said Associated president and chief executive officer Philip Flynn. “We look forward to the NYSE providing us support and visibility for our existing and prospective shareholders.”
Scott Cutler, executive vice president and head of global listings at the NYSE, said, “We look forward to Associated joining the NYSE community. Here, Associated will benefit from the unique NYSE platform, which combines leading technology with the human participation of designated market makers.”
Associated Banc-Corp has total assets of $26 billion and is one of the top 50 publicly traded, U.S. bank holding companies.
In celebration of the transfer, representatives from Associated will ring the NYSE Opening Bell on Feb. 24 at 8:30 a.m. CST.
