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ASBC Does Share Buyback 6-15 Associated Banc-Corp (ASBC) said it has repurchased two million shares, or about 1.6 percent of its outstanding shares, for a total cost of about $65.6 million. The bank holding company said it purchased the shares from UBS AG, London branch, under an accelerated share repurchase program at $32.81 per share. Fitch Puts Commerce [CBH] on Negative Watch AP 6-13 Fitch Ratings on Wednesday put its credit ratings for Commerce Bancorp Inc. on negative watch after the bank said it will end contracts with companies owned by executives and their relatives by the end of the year. On Tuesday, CBH said it will stop signing contracts with companies owned by Commerce executives and their relatives. It is also expected to sign an agreement with the Federal Reserve Bank of Philadelphia related to the issue. "These anticipated regulatory actions could adversely affect the company's strategic growth initiatives or disrupt its operations," Fitch said. "As such, the potential impact of these actions, combined with the company's existing performance pressures, could result in CBH's ratings being downgraded." However, if these regulatory actions don't hurt the bank's performance, Fitch said it will likely affirm its ratings. Ratings & Dividend Changes On 6-15 Bear Stearns Initiated coverage of VLY at Peer Perform. Home Page Factoids Previous Update |