Attached files
file | filename |
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EX-4.2 - EX-4.2 - ASSOCIATED BANC-CORP | c66177exv4w2.htm |
EX-5.1 - EX-5.1 - ASSOCIATED BANC-CORP | c66177exv5w1.htm |
EX-3.1 - EX-3.1 - ASSOCIATED BANC-CORP | c66177exv3w1.htm |
EX-5.3 - EX-5.3 - ASSOCIATED BANC-CORP | c66177exv5w3.htm |
EX-4.4 - EX-4.4 - ASSOCIATED BANC-CORP | c66177exv4w4.htm |
EX-99.1 - EX-99.1 - ASSOCIATED BANC-CORP | c66177exv99w1.htm |
8-K - FORM 8-K - ASSOCIATED BANC-CORP | c66177e8vk.htm |
Exhibit 5.2
September 14, 2011
Associated Banc-Corp
1200 Hansen Road
Green Bay, Wisconsin 54304
Associated Banc-Corp
1200 Hansen Road
Green Bay, Wisconsin 54304
Re: | Associated Banc-Corp Offering of Depositary Shares Under Registration Statement on Form S-3 (Registration No. 333-156251) |
Ladies and Gentlemen:
I am Senior Vice President and Deputy General 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 2,600,000 depositary shares (the
Depositary Shares) depositary shares, each representing a 1/40th ownership interest in a
share of 8.00% Perpetual Preferred Stock, Series B (the Preferred Stock) and collectively
representing 65,000 shares of Preferred Stock (the Preferred Shares), subject to the
terms and conditions of the Underwriting Agreement (the Underwriting Agreement), dated
September 7, 2011, by and between the Company and Citigroup Global Markets Inc. and Merrill Lynch,
Pierce, Fenner & Smith Incorporated, as representatives of several underwriters named therein
(collectively, the Underwriters). The Depositary Shares 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 September 7, 2011 (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 Issuer Free Writing Prospectus filed with
and accepted by the Commission on September 7, 2011, (iv) the Officers Certificate to the
Underwriting Agreement, (v) the Secretarys Certificate to the Underwriting Agreement, (vi) the
Companys Amended and Restated Articles of Incorporation, as amended and as currently in effect,
(vii) the Companys Amended and Restated Bylaws, as currently in effect and (viii) 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 Depositary Shares 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,
1. | The Preferred Shares represented by the Depositary Shares have been duly authorized, and when (i) issued and deposited by the Company with the Depositary in accordance with the terms of the Deposit Agreement (the Deposit Agreement) dated as of the date hereof, among the Company, Wells Fargo Bank, N.A., as depositary (the Depositary), and the holders from time to time of the Depositary Receipts described therein and (ii) paid for in accordance with the terms of the Underwriting Agreement, will be validly issued, fully paid and non-assessable; and | ||
2. | The Depositary Shares have been duly authorized and, when validly issued and delivered by the Company against delivery of the Preferred Shares pursuant to the Deposit Agreement (for purposes of this opinion, we have assumed that the Depositary will duly sign and issue the Depositary Receipts evidencing the Depositary Shares), will be validly issued and will represent a fractional interest in a duly authorized and validly issued, fully paid and nonassessable Preferred Share. |
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 5.2 to the
Companys Current Report on Form 8-K dated September 15, 2011. 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, |
||||
/s/ Kristi A. Hayek | ||||
Kristi A. Hayek | ||||
Senior Vice President and Deputy General Counsel |