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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) 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.
Associated Banc-Corp (NYSE: ASB) will meet with investors at several upcoming events, including the Stephens Inc. Virtual Chicago Bank Field Trip on May 6, 2021, the Wells Fargo Securities Virtual Financial Services Investor Conference on May 19-20, 2021, and the Truist Securities Virtual Financial Services Conference on May 25-26, 2021. A second quarter investor presentation will be available on their website before these events. Associated Banc-Corp operates over 220 locations across Wisconsin, Illinois, and Minnesota, offering extensive financial services.
Associated Banc-Corp announced a landmark $3.37 billion Community Commitment Plan on April 7, 2021, representing a 40% increase from its previous plan. This three-year initiative aims to support communities across Wisconsin, Minnesota, and Illinois through various financial services and investments. Key commitments include $2.4 billion for residential mortgages, $350 million for small business loans, and $600 million for community development. The plan is a continuation of previous successful efforts, aiming to enhance access to financial products for low-to-moderate-income and minority communities.
Associated Banc-Corp (NYSE: ASB) will announce its first quarter 2021 financial results on April 22, 2021, after market close. A conference call for investors is scheduled for the same day at 4:00 p.m. CT, which can be accessed via the company's website or by phone. Associated Banc-Corp, headquartered in Green Bay, Wisconsin, has total assets of $33 billion and operates over 220 banking locations across multiple states, providing a wide range of financial products and services.
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