Associated Banc Corp

Updated on Nov 21, 2024

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Type Public Customer service 00 1 262-879-0133 Founded 1861		Number of locations Over 200 Branches Number of employees 4,500

Traded as NYSE: ASBS&P 400 Component Industry Financial Services, regional banks, Bank-holding Company Area served WisconsinIllinoisMinnesotaMissouriIndianaOhioMichiganTexas Key people William R. Hutchinson, ChairmanPhilip B. Flynn, CEO Headquarters Green Bay, Wisconsin, United States Stock price ASB (NYSE) US$ 25.95 -0.30 (-1.14%)24 Feb, 4:00 PM GMT-5 - Disclaimer CEO Philip B Flynn (1 Dec 2009–)

Associated Banc-Corp is a U.S. regional bank holding company providing retail banking, commercial banking, commercial real estate lending, private banking, specialized financial services, and insurance services. It is headquartered in Green Bay, Wisconsin. It is the largest bank (by asset size) headquartered in Wisconsin. The bank's main focus is middle-market commercial banking in Wisconsin, Illinois, Minnesota, and the upper Midwest.

At December 31, 2016, it had $29 billion in assets and was one of the top 50 publicly traded U.S. bank holding companies. Associated Bank is a nationally chartered bank, regulated by the Office of the Comptroller of the Currency, Department of the Treasury. Associated Bank is a member of the Federal Deposit Insurance Corporation, the Federal Reserve Bank of Chicago and the Federal Home Loan Bank of Chicago. The company has approximately 4,400 employees.

History

The Associated Banc-Corp holding company was formed on May 1, 1970 when three community banks formed a banking alliance that consolidated into Associated Bank. The three founding community banks were: The First National Bank of Neenah, founded in 1861; Kellogg Citizens National Bank, Green Bay, founded 1874; and Manitowoc Savings Bank, founded in 1884.

1989 - Acquired the Associated De Pere Bank of De Pere, Wisconsin

1991 - Acquired Farmers State Bank of Pound, Wisconsin, and F&M Financial Services

1992 - Acquired Wausau Financial and Northeast Wisconsin Financial Services

1993 - Changed name to Associated Bank Green Bay, NA

1993 - Acquired First National Bank of Sturgeon Bay of Sturgeon Bay, Wisconsin

1995 - Acquired GN Bancorp of Illinois

1996 - Acquired Mid-American National Bancorp of Illinois

1997 - Acquired Centra Financial of Wisconsin

1997 - Merged with First Financial Corporation of Stevens Point, Wisconsin

1998 - Acquired Citizens Bank, NA of Shawano, Wisconsin

1999 - Acquired Windsor Bancshares of Minnesota

2001 - Changed name to Associated Bank, NA; merged and re-branded existing affiliate banks in Milwaukee, Wisconsin; Neenah, Wisconsin; Manitowoc, Wisconsin; Wausau, Wisconsin; and Madison, Wisconsin

2002 - Acquired Signal Financial Corp. of Minnesota

2003 - Merged and re-branded affiliates: Associated Card Services Bank in Stevens Point, Wisconsin, and Associated Bank Illinois in Rockford, Illinois

2004 - Acquired First Federal Capital Bank of La Crosse, Wisconsin, expanding into Western and Southwest Wisconsin

2005 - Merged and re-branded affiliate banks in Minneapolis, Minnesota, and in Chicago, Illinois

2005 - Acquired State Financial Services of Hales Corners, Wisconsin, and expanded to Northern Illinois

2007 - Acquired First National Bank of Hudson, Wisconsin

2008 - Requested a $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund

2009 - Appointed William Hutchinson as Chairman of the Board of Directors and Philip Flynn as President and CEO

2010 - Announced $435 million common stock offering to support continued growth

2011 - Repaid $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund

2012 - Redeveloped the Downtown Green Bay Regency building, to create the new Associated Center as its headquarters

2013 - Named one of the 100 Most Trustworthy Companies by Forbes.

2014 - Joined the New York Stock Exchange and began trading under the ticker "ASB"

2015 - Acquired Ahmann & Martin Co., a risk and employee benefits consulting firm

2016 - Purchased the 28-story Milwaukee Center office building to allow for future expansion of the company

Subsidiaries

During the 1990s and 2000s, Associated Banc-Corp merged all of its affiliated banks into Associated Bank, N.A., a wholly owned subsidiary.

Subsidiaries of Associated Bank, N.A. include: Associated Trust Company, N.A.; Associated Investment Services, Inc.; Kellogg Asset Management, LLC.; Associated Financial Group, LLC (Associated Benefits and Risk Consulting ); and Associated Community Development, LLC.

Sports sponsorships

Associated Bank has been the bank of the Green Bay Packers since 1919. It is a banking partner of the Milwaukee Brewers, the University of Wisconsin-Madison Athletics, and the Minnesota Wild. It is also the bank of the Wisconsin Athletic Hall of Fame.

References

Associated Banc-Corp Wikipedia

(Text) CC BY-SA

Contents

History

Subsidiaries

Sports sponsorships

References