Attached files
file | filename |
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8-K - FORM 8-K - ASSOCIATED BANC-CORP | c55582e8vk.htm |
EX-1.1 - EX-1.1 - ASSOCIATED BANC-CORP | c55582exv1w1.htm |
EX-99.1 - EX-99.1 - ASSOCIATED BANC-CORP | c55582exv99w1.htm |
EX-99.2 - EX-99.2 - ASSOCIATED BANC-CORP | c55582exv99w2.htm |
Exhibit 5.1
January 15, 2010
Associated Banc-Corp
1200 Hansen Road
Green Bay, Wisconsin 54304
1200 Hansen Road
Green Bay, Wisconsin 54304
Re: | Associated Banc-Corp Offering of Common Stock Under Registration Statement on Form S-3 (Registration No. 333-156251) |
Ladies and Gentlemen:
I am Senior Vice President and Senior Counsel of Associated Banc-Corp, a Wisconsin corporation
(the Company), and, in such capacity, I have acted as legal counsel to the Company, in
connection with the issuance and sale by the Company of 38,993,956 shares (the Firm
Securities) of its common stock, par value $0.01 per share (the Common Stock),
subject to the terms and conditions of the Underwriting Agreement (the Underwriting
Agreement), dated January 11, 2010, by and between the Company and Credit Suisse Securities
(USA) LLC, as representative of several underwriters named therein (collectively, the
Underwriters). The Company also proposes to issue and sell to Underwriters, at the
option of the Underwriters, an aggregate of not more than 5,849,093 additional shares (the
Optional Securities, and together with the Firm Securities, the Offered
Securities) of its Common Stock. The Offered Securities are being offered and sold under a
registration statement on Form S-3 under the Securities Act of 1933, as amended (the
Act), filed with the Securities and Exchange Commission (the Commission) on
December 17, 2008 (File No. 333-156251) (the Registration Statement), including a base
prospectus dated December 17, 2008 (the Base Prospectus), and a prospectus supplement
dated January 11, 2010 (the Prospectus Supplement, and together with the Base Prospectus,
the Prospectus). Capitalized terms used but not otherwise defined herein shall have the
respective meanings ascribed to such terms in the Underwriting Agreement.
This opinion is being furnished in accordance with the requirements of Item 601(b)(5) of
Regulation S-K under the Act.
In connection with this opinion, I have relied as to matters of fact, without investigation,
upon certificates of public officials. I have also examined originals or copies, certified or
otherwise identified to my satisfaction, of such instruments, documents and records as I have
deemed relevant and necessary to examine for the purpose of this opinion, including (i) the
Registration Statement, (ii) the Prospectus, (iii) the Officers Certificate to the Underwriting
Agreement, (iv) the Secretarys Certificate to the Underwriting Agreement, (v) the Companys
Associated Banc-Corp
January 15, 2010
Page 2
January 15, 2010
Page 2
Amended
and Restated Articles of Incorporation, as amended and as currently in effect, (vi) the Companys
Amended and Restated Bylaws, as currently in effect and (vii) records of proceedings and actions of
the Companys Board of Directors and the Pricing Committee of the Companys Board of Directors
relating to the transaction described in the Underwriting Agreement relating to the issuance and
sale of the Offered Securities and related matters.
In connection with this opinion, I have assumed (i) the legal capacity of all natural persons,
(ii) the accuracy and completeness of all documents and records that I have reviewed, (iii) the
genuineness of all signatures and due authority of the parties signing such documents, (iv) the
authenticity of the documents submitted to me as originals and (v) the conformity to authentic
original documents of all documents submitted to me as certified, conformed or reproduced copies.
In making my examination of documents executed or to be executed by parties, I have assumed that
such parties had or will have the power, corporate or other, to enter into and perform all
obligations thereunder and have also assumed the due authorization by all requisite action,
corporate or other, and execution and delivery by such parties (other than the Company) of such
documents and the validity and binding effect thereof.
Based upon and subject to the foregoing, it is my opinion that, upon issuance and delivery
against payment therefor in accordance with the terms of the Underwriting Agreement, the Offered
Securities will be validly issued, fully paid and nonassessable.
My opinion expressed above is limited to the laws of the State of Wisconsin and I do not
express any opinion herein concerning any other law. This opinion is given as of the date hereof
and I assume no obligation to advise you of changes that may hereafter be brought to my attention.
I hereby consent to the filing of this opinion with the Commission as Exhibit 5.1 to the
Companys Current Report on Form 8-K dated January 11, 2010. In giving this consent, I do not
thereby admit that I am an expert within the meaning of Section 11 of the Act or included in the
category of persons whose consent is required under Section 7 of the Act or the rules and
regulations of the Commission.
Very truly yours, |
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/s/ Kristi A. Hayek | ||||
Kristi A. Hayek | ||||
Senior Vice President and Senior Counsel | ||||