Associated Banc-Corp - ASB STOCK NEWS

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.

Associated Banc-Corp (NYSE: ASB) has appointed Andrew J. Harmening as the new president and CEO, effective April 28, 2021. Harmening, previously with Huntington Bank, brings over 25 years of banking experience and a proven record in driving profitable growth and enhancing customer experience. He will succeed Philip B. Flynn, who is retiring after nearly 12 years. Flynn will assist Harmening during the transition. The Board expresses gratitude for Flynn's leadership through key challenges, including the Great Recession and the COVID-19 pandemic.

Associated Banc-Corp (NYSE: ASB) will participate in the 2021 RBC Capital Markets Global Financials Conference on March 9-10, 2021. Key executives, including President and CEO Philip Flynn and CFO Christopher J. Del Moral-Niles, will engage with investors. An investor presentation will be available on the company's website prior to the event. Associated Banc-Corp, headquartered in Green Bay, Wisconsin, is a leading Midwest bank holding company operating over 220 locations across multiple states.

On February 2, 2021, Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.18 per common share, payable on March 15, 2021, to shareholders recorded by March 1, 2021. Additionally, dividends for depositary shares of its preferred stock were announced: $0.3828125 for Series C, $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, all payable on the same date. Associated Banc-Corp holds assets of $33 billion and operates over 220 banking locations across multiple states.

Associated Banc-Corp (NYSE: ASB) announced that its president and CEO, Philip B. Flynn, will retire at the end of 2021. The Board of Directors has begun a search for a successor, assisted by Diversified Search Group, and Flynn will remain until a replacement is appointed. Flynn, who has led the company for 11 years, emphasized a focus on customer service and organizational recovery following the Great Recession. The bank operates with total assets of $33 billion and significant presence in the Midwest, providing a wide array of financial services across several states.

Associated Banc-Corp (NYSE: ASB) reported a fourth-quarter 2020 net income of $62 million, up from $40 million in the prior quarter. For the full year 2020, earnings were $288 million, down from $312 million in 2019. The company experienced a 6% growth in average loans and a 5% increase in average deposits year-over-year. However, net interest income decreased by 9%, and the provision for credit losses rose to $174 million. The CEO announced plans to retire at the end of 2021, initiating a search for a successor.

Associated Banc-Corp (NYSE: ASB) announced that key executives will meet with investors at the 2021 KBW Winter Financial Services Symposium from February 10-12, 2021. Attendees include President and CEO Philip Flynn and CFO Christopher J. Del Moral-Niles. A first-quarter investor presentation will be available on the company's website prior to the event. Associated Banc-Corp is a leading Midwest bank holding company, operating over 220 locations in several states, with a commitment to providing comprehensive financial services.

On Jan. 5, 2021, Associated Banc-Corp (NYSE: ASB) announced a strategic partnership with Rockefeller Capital Management, involving the sale of its wealth management subsidiary, Whitnell & Co. This transaction will position Associated Bank as a Midwest mortgage lending referral partner and Associated Trust Company as a provider of third-party trust solutions for Rockefeller. Whitnell, managing $1.4 billion in client assets, will become Rockefeller's primary Midwest office. The deal is expected to close in March 2021, enhancing Rockefeller's presence in the Midwest market.