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Associated Banc-Corp (NYSE: ASB) is a prominent bank holding company headquartered in Green Bay, Wisconsin. With total assets of $41 billion, it stands as the largest bank holding company based in Wisconsin and is recognized as one of the top 50 publicly traded U.S. bank holding companies. The company operates a robust Midwest banking franchise with over 200 banking locations that serve more than 100 communities throughout Wisconsin, Illinois, and Minnesota. Additionally, Associated Banc-Corp extends commercial financial services to Indiana, Michigan, Missouri, Ohio, and Texas through its loan production offices.
Associated Banc-Corp offers a comprehensive suite of financial products and services, catering to both individual and business needs. Its core business segments include Corporate and Commercial Specialty, Community, Consumer, and Business, and Risk Management and Shared Services. The company’s extensive range of services encompasses retail banking, commercial banking, mortgage banking, private banking, and wealth management solutions. Its flagship subsidiary, Associated Bank, N.A., is a member of the FDIC and is an Equal Housing Lender and Equal Opportunity Lender.
In recent developments, Associated Banc-Corp continues to expand and enhance its services under a people-led, digitally enabled strategic plan. This plan involves significant investments in technology, personnel, and product offerings to foster growth and improve customer experience. Notably, the company has strengthened its leadership team with strategic appointments, such as Phillip Trier as Executive Vice President of Commercial Banking Group and Steven Zandpour as Director of Retail Banking. These appointments are set to drive business development and service excellence across major metropolitan markets.
The company recently reported its financial results for the first quarter of 2024, showcasing a net income of $78 million, or $0.52 per common share. This performance reflects the company’s solid strategic execution, with stable loan and deposit growth and a strong capital position. Associated Banc-Corp's commitment to community service is exemplified by initiatives like the annual Day of Service and Stock the Box food drive, which mobilize thousands of employees to support local communities.
More information about Associated Banc-Corp is available at www.associatedbank.com.
Associated Banc-Corp (NYSE: ASB) announced the redemption of all outstanding Depositary Shares representing interests in its 5.375% Perpetual Preferred Stock, Series D, effective September 15, 2021. There are currently 3,978,320 Depositary Shares to be redeemed at $25 each, plus any declared and unpaid dividends. The notice of redemption was sent to holders on August 5, 2021, and payments will be processed through The Depository Trust Company by Equiniti Trust Company. Associated Banc-Corp is Wisconsin's largest bank holding company, with total assets of $34 billion.
The Board of Directors of Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.20 per common share, up from $0.18, payable on September 15, 2021. Shareholders of record by September 1, 2021 will receive this increase. Additionally, dividends for preferred stocks include $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, also payable on September 15, 2021. Associated Banc-Corp is Wisconsin's largest bank holding company with total assets of $34 billion.
Associated Banc-Corp (NYSE: ASB) reported a net income of $86 million or $0.56 per share for Q2 2021, a decrease from $145 million or $0.94 per share in Q2 2020. The results reflect an improving credit environment, with total loans (excluding PPP) up $216 million to $23.5 billion, despite a decrease in deposits of $413 million to $27.3 billion. Net interest income rose $4 million to $180 million. The company anticipates full-year commercial loan growth of 2% to 4% in 2021.
Associated Banc-Corp (NYSE: ASB) has announced the promotion of John P. Thayer to executive vice president and head of Wealth Management. Thayer, who joined the company in 2000, previously served as chief investment officer and will now lead a comprehensive suite of wealth management services. His background includes a Bachelor of Arts in economics from the University of Michigan and professional designations as a Chartered Financial Analyst and CERTIFIED FINANCIAL PLANNER. This leadership change aims to enhance the company's wealth management offerings to clients.
Associated Banc-Corp (NYSE: ASB) will release its second quarter 2021 financial results on July 22, 2021, after market close. A conference call for investors and analysts is scheduled for 4:00 p.m. CT on the same day, accessible via the Investor Relations section of their website. The bank, with total assets of $35 billion, is Wisconsin's largest bank holding company, operating over 220 locations across Wisconsin, Illinois, and Minnesota, among others.
Associated Banc-Corp (NYSE: ASB), Wisconsin's largest bank holding company with total assets of $35 billion, announced that it will participate in two investor events. The first is the KBW Virtual Chicago Bank Field Trip on June 3, 2021, followed by the Piper Sandler Virtual Upper Midwest Bank Field Trip on June 7-8, 2021. Investor presentation materials will be available on their website before the events. Associated provides a wide range of financial services through over 220 locations across the Midwest.
Associated Banc-Corp (NYSE:ASB) announced the redemption of its 3.500% Fixed Rate Senior Notes due 2021, totaling $300 million. The redemption will be executed on July 13, 2021, at 100% of the principal amount plus accrued interest. Associated Banc-Corp, Wisconsin's largest bank holding company with total assets of $35 billion, operates more than 220 banking locations across several states, offering a diverse range of financial services.
Associated Banc-Corp (NYSE: ASB) reported a first quarter 2021 net income of $89 million or $0.58 per share, a significant increase from $62 million in Q4 2020 and $42 million in Q1 2020. Average loans rose by 5% to $24.5 billion, while average deposits increased by 10% to $26.8 billion. Noninterest expenses decreased by 9%, but net interest income fell by 13%. The company facilitated $293 million in new PPP loans and expects modest loan growth for 2021.
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