Associated Banc-Corp — BrandWiki

Associated Banc-Corp

Overview

type	Public
traded as	nyse: ASB S&P 400 component
foundation	1861 (First National Bank of Neenah)
hq location	Green Bay, Wisconsin, U.S.
locations	Over 220 Branches
area served	Wisconsin Illinois Minnesota Missouri Indiana Ohio Michigan Texas
key people	John (Jay) B. Williams (chairman) Andy Harmening (president & CEO)
revenue	$1.2 billion (2022)
net income	$183 million (2023)
assets	$41.0 billion (2023)
equity	$4.2 billion (2023)
num employees	4,200 (2022)
industry	Financial services Regional banks Bank holding company
products	Retail banking Commercial banking Specialized lending Commercial real estate lending Private banking Wealth management Asset management Investment banking
website	https://www.associatedbank.com/

Associated Banc-Corp is a U.S. regional bank holding company providing retail banking, commercial banking, commercial real estate lending, private banking and specialized financial services. Headquartered in Green Bay, Wisconsin, Associated is a Midwest bank with from more than 220 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas.

As of October 19, 2023, it had $42 billion in assets and is the largest bank holding company based in Wisconsin.[1][2] Associated Bank is a nationally chartered bank, regulated by the Office of the Comptroller of the Currency within the 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 4,200 employees.[3]

History

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, NA of Green Bay, Wisconsin
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[4]
1998 – Acquired Citizens Bank, NA of Shawano, Wisconsin
1999 – Acquired Windsor Bancshares of Minnesota[5]
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[6]
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[7]
2005 – Merged and re-branded affiliate banks in Minneapolis and in Chicago.
2005 – Acquired State Financial Services of Hales Corners, Wisconsin, and expanded to Northern Illinois
2007 – Acquired First National Bank of Hudson, Wisconsin[8]
2008 – Received $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund
2009 – Appointed William R. Hutchinson as Chairman of the Board of Directors and Philip B. Flynn as President and CEO
2010 – Issued $435 million of common stock in an offering to support continued growth[9]
2011 – Repaid $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund[10]
2012 – Redeveloped the Downtown Green Bay Regency building, to create the new Associated Center as its headquarters[11]
2013 – Named one of the 100 Most Trustworthy Companies by Forbes[12]
2014 – Joined the New York Stock Exchange and began trading under the ticker "ASB"[13]
2015 – Acquired Ahmann & Martin Co., a risk and employee benefits consulting firm[14]
2016 – Purchased the 28-story Milwaukee Center office building to allow for future expansion of the company[15]
2017 – Acquired Whitnell & Co., a wealth management family services firm[16]
2018 – Acquired Bank Mutual of Milwaukee[17]
2018 – Acquired Diversified Insurance Solutions, a Milwaukee based employee benefits insurance agency[18]
2018 – Acquired Anderson Insurance & Investment Agency, a Minneapolis based workers compensation insurance agency[19]
2019 – Acquired 32 Wisconsin branches from The Huntington National Bank[20]
2020 – Acquired the First National Bank of Staunton, Illinois[21]
2020 – Appointed John (Jay) B. Williams as Chairman of the Board of Directors
2020 – Sold Associated Benefits & Risk Consulting (ABRC) to USI Insurance Services LLC (USI) for $266 million
2021 – Appointed Andy Harmening as President and CEO
2022 – Consolidated 13 branches in Wisconsin and Illinois;[22] announced first "micro branch" (600 ft2) following new micro office model[23]
2025 – Acquired American National Bank in Omaha, Nebraska[24]

Associated Banc-Corp

History

Subsidiaries

Sports sponsorships

Bibliography

External links

References