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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) 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.
Associated Banc-Corp (NYSE: ASB) will announce its fourth quarter 2020 financial results on January 21, 2021, after market close. The company will host a conference call for investors at 4:00 p.m. Central Time on the same day. Interested parties can access the live webcast through the Investor Relations section of its website or dial into the call. Associated Banc-Corp reported total assets of nearly $35 billion and operates more than 220 banking locations across various U.S. states.
Associated Banc-Corp (NYSE: ASB) will participate in the 2020 Bank of America Securities Future of Financials Virtual Conference on November 9-10, 2020. Key executives, including President and CEO Philip Flynn, will present to investors at 9:40 EST on November 10. The fourth quarter investor presentation will be available at 8:00 am EST on November 9 via the company’s website. Associated Banc-Corp, headquartered in Green Bay, Wisconsin, has total assets of $35 billion and operates over 240 banking locations across the Midwest.
Associated Banc-Corp (NYSE: ASB) announced on November 2, 2020, that Tammy Stadler has been appointed to its executive committee, effective November 1, 2020. As executive vice president and corporate controller, she will oversee financial information and compliance with accounting standards. Stadler, who joined Associated in 1996 and has been corporate controller since 2013, is recognized for her significant contributions to the company's leadership. Associated Banc-Corp operates with total assets of $35 billion and serves multiple states across the Midwest.
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