Associated Bank to Hold Second Annual Day of Service

Rhea-AI Summary

Associated Banc-Corp (NYSE: ASB) announced its 2024 Stock the Box and Day of Service initiatives. Over 2,400 employees across Wisconsin, Illinois, and Minnesota will participate in community service activities focusing on food security and youth support from May 13 to June 3. Last year, 2,114 employees donated over 6,300 volunteer hours to 210 nonprofits. This year, activities will include food packaging, distribution, and youth mentoring. The Stock the Box food drive will collect nonperishable items at all bank locations. The bank's Roots in our Community program has contributed over $18.5 million in community service value since 2012.

Positive

• Over 2,400 employees participating in 2024, up from 2,114 in 2023.
• Activities benefiting over 200 community organizations across three states.
• Focus on food security and youth support, addressing critical community needs.
• Last year's initiative contributed 6,300 volunteer hours to 210 nonprofits.
• Roots in our Community program has generated over $18.5 million in community service value since 2012.
• Customers and community members can contribute to the Stock the Box food drive.

Negative

• Potential for employee time away from primary business functions during volunteer activities.
• No direct financial benefits or revenue increases reported from the initiative.
• Dependence on volunteer participation could lead to inconsistent impact year over year.

Over 2,400 Associate Bank employees are likely to participate in hundreds of activities benefiting 200+ community organizations across Wisconsin, Illinois and Minnesota

GREEN BAY, Wis., May 29, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") announced plans for its 2024 Stock the Box and Day of Service initiatives, an annual food drive and volunteer event that mobilizes thousands of employees across the bank's footprint to give back to their local communities. In its second year, the 2024 Day of Service will focus on addressing food security and youth support services in partnership with local nonprofit organizations across Wisconsin, Illinois and Minnesota.

"As a part of our ongoing commitment to uplifting our communities, we are excited to hold our second annual Day of Service event in support of two causes our employees are passionate about and that fill real needs across our footprint," said Andy Harmening, president and CEO, Associated Bank. "In 2023, we made an incredible impact in just one day with 2,114 employees donating over 6,300 volunteer hours to 210 hunger-focused nonprofits across 112 local communities, and this year we are aiming even higher."

From May 13 to June 3, all Associated Bank locations will host a Stock the Box food drive. The drive will collect nonperishable food items that will be donated to local nonprofit organizations. Customers and community members are invited to drop off nonperishable, non-glass food items in Stock the Box collection bins located at each branch through June 3.   

Most of the Day of Service activities will happen on June 5, and there will be additional volunteer opportunities throughout June. Activities will include food packaging and distribution, youth mentoring or engagement and other services to support those in need.

Building on Associated's longstanding nonprofit partnerships, employees will have the opportunity to make a significant contribution to these two important causes in their local communities as a part of the annual Day of Service.

With a passion to give back, each year in addition to the Day of Service, Associated employees provide thousands of volunteer hours through the bank's Roots in our Community program. Since the program launched in 2012, Associated employees have reported volunteer hours equating to more than $18.5 million in community service value.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $41 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 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. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com. 

Associated Bank Contact: Marilka Velez
Senior Director of Marketing
920-491-7518, marilka.velez@associatedbank.com

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SOURCE Associated Banc-Corp

FAQ

What is Associated Banc-Corp's 2024 Day of Service?

The 2024 Day of Service is an initiative where over 2,400 Associated Bank employees will volunteer in activities supporting food security and youth services across Wisconsin, Illinois, and Minnesota.

When is the Stock the Box food drive held?

The Stock the Box food drive is held from May 13 to June 3, 2024, at all Associated Bank locations.

How many employees participated in Associated Bank's 2023 Day of Service?

In 2023, 2,114 Associated Bank employees participated in the Day of Service.

What types of activities are included in the Day of Service?

Activities include food packaging and distribution, youth mentoring, and other services to support community needs.

What is the impact of the Roots in our Community program?

Since its launch in 2012, the Roots in our Community program has contributed over $18.5 million in community service value.