Associated Banc-Corp

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Associated Banc-Corp
Public
Traded as NYSE: ASB
Industry Financial Services, regional banks, Bank-holding Company
Founded 1861
Headquarters Green Bay, Wisconsin, USA
Number of locations
 Over 200 Branches
Area served
 Wisconsin
Illinois
Minnesota
Missouri
Indiana
Ohio
Michigan
Texas
Key people
 William R. Hutchinson, Chairman Philip B. Flynn, CEO
Products Retail Banking
Commercial Banking
Specialized Lending
Commercial Real Estate Lending
Private Banking
Wealth Management
Asset Management
Investment Banking
Insurance Services
Number of employees
 Approximately 4,400
Website www.associatedbank.com

Associated Banc-Corp is a U.S. regional bank holding company providing retail, commercial banking, commercial real estate lending, private client, 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 March 31, 2016, it had $28 billion in assets [1] and was one of the top 50 publicly traded U.S. bank holding companies.[2] 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.[3]

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.

  • 1970 - Associated Banc-Corp was formed[citation needed]
  • 1989 - Acquired the Associated De Pere Bank of De Pere, Wisconsin[4]
  • 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[4]
  • 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 - Merged with First Financial Corporation of Stevens Point, Wisconsin
  • 1998 - Acquired Citizens Bank, NA of Shawano, Wisconsin[4]
  • 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[4]
  • 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[4]
  • 2004 - Acquired First Federal Capital Bank of La Crosse, Wisconsin, expanding into Western and Southwest Wisconsin [5]
  • 2005 - Merged and re-branded affiliate banks in Minneapolis, Minnesota, and in Chicago, Illinois[4]
  • 2005 - Acquired State Financial Services of Hales Corners, Wisconsin, and expanded to Northern Illinois
  • 2006 - Acquired Centra Financial of Wisconsin
  • 2007 - Acquired First National Bank of Hudson, Wisconsin
  • 2008 - Requested a $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.[6]
  • 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 [7]

Operations

The principal executive office is located in Green Bay, Wisconsin.[8]

Lines of business

Lua error in package.lua at line 80: module 'strict' not found. Lua error in package.lua at line 80: module 'strict' not found. Associated Banc-Corp provides financial products and services to individuals and businesses in the Midwest.[9]

  • Consumer and commercial banking - branch banking, commercial banking, residential lending, payments and direct channels
  • Community markets - Eau Claire, Wisconsin; La Crosse, Wisconsin; Central Wisconsin; Rockford, Illinois; Peoria, Illinois; Southern Illinois; Rochester, Minnesota
  • Private client and institutional services - private banking, personal trust, asset management, retirement plan services, Associated Financial Group (employee benefits, risk management, and human resources consulting agency), Associated Investment Services
  • Corporate banking - corporate lending, specialized lending verticals (lending services for power generation, oil and gas, insurance, mortgage warehouse and health care industries), commercial deposits and treasury management, capital markets
  • Commercial real estate - commercial real estate lending (construction financing, interim/bridge financing, acquisition financing, term financing and refinancing), real estate investment trusts, syndications, tax credits

Locations

Associated Bank has retail branches in Wisconsin, Illinois and Minnesota and commercial loan production offices in St. Louis, Cincinnati, Cleveland, Columbus, Indianapolis, Detroit, Houston, and Dallas.

Subsidiaries

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

Associated's non-bank subsidiaries include: Associated Trust Company, N.A.; Associated Financial Group, LLC; Associated Investment Services, Inc.; and Kellogg Asset Management, LLC

Sports sponsorships

Associated Bank has been the bank of the Green Bay Packers since 1919.[10] It is a banking partner of the Milwaukee Brewers,[11] the University of Wisconsin-Madison Athletics,[12] and the Minnesota Wild.[13] It is also the bank of the Wisconsin Athletic Hall of Fame.[14]

References

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External links

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