Associated Banc-Corp is a U.S. regional bank holding company providing retail banking, commercial banking, commercial real estate lending, private banking, specialized financial services, and insurance services. It is headquartered in Green Bay, Wisconsin and is the largest bank (by asset size) headquartered in Wisconsin. It has over 230 banking locations serving more than 110 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio, and Texas.
At December 31, 2017, it had $30Â billion in assets and was one of the top 50 publicly traded U.S. bank holding companies. Associated Bank is a nationally chartered bank, regulated by the Office of the Comptroller of the Currency, Department of the Treasury. Associated Bank is a member of the Federal Deposit Insurance Corporation, the Federal Reserve Bank of Chicago and the Federal Home Loan Bank of Chicago. The company has approximately 5,000 employees.
History
5PM THURS ASSOCIATED BANK CLOSURES - Associated Bank is closing 12 branches in Wisconsin and Illinois. That includes locations in Ledgeview, Appleton, Oshkosh, Manitowoc, and Sheboygan.
The Associated Banc-Corp holding company was formed on May 1, 1970 when three community banks formed a banking alliance that consolidated into Associated Bank. The three founding community banks were: The First National Bank of Neenah, founded in 1861; Kellogg Citizens National Bank, Green Bay, founded 1874; and Manitowoc Savings Bank, founded in 1884.
- 1989 - Acquired the Associated De Pere Bank of De Pere, Wisconsin
- 1991 - Acquired Farmers State Bank of Pound, Wisconsin, and F&M Financial Services
- 1992 - Acquired Wausau Financial and Northeast Wisconsin Financial Services
- 1993 - Changed name to Associated Bank Green Bay, NA
- 1993 - Acquired First National Bank of Sturgeon Bay of Sturgeon Bay, Wisconsin
- 1995 - Acquired GN Bancorp of Illinois
- 1996 - Acquired Mid-American National Bancorp of Illinois
- 1997 - Acquired Centra Financial of Wisconsin
- 1997 - Merged with First Financial Corporation of Stevens Point, Wisconsin
- 1998 - Acquired Citizens Bank, NA of Shawano, Wisconsin
- 1999 - Acquired Windsor Bancshares of Minnesota
- 2001 - Changed name to Associated Bank, NA; merged and re-branded existing affiliate banks in Milwaukee, Wisconsin; Neenah, Wisconsin; Manitowoc, Wisconsin; Wausau, Wisconsin; and Madison, Wisconsin
- 2002 - Acquired Signal Financial Corp. of Minnesota
- 2003 - Merged and re-branded affiliates: Associated Card Services Bank in Stevens Point, Wisconsin, and Associated Bank Illinois in Rockford, Illinois
- 2004 - Acquired First Federal Capital Bank of La Crosse, Wisconsin, expanding into Western and Southwest Wisconsin
- 2005 - Merged and re-branded affiliate banks in Minneapolis, Minnesota, and in Chicago, Illinois
- 2005 - Acquired State Financial Services of Hales Corners, Wisconsin, and expanded to Northern Illinois
- 2007 - Acquired First National Bank of Hudson, Wisconsin
- 2008 - Requested a $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund
- 2009 - Appointed William Hutchinson as Chairman of the Board of Directors and Philip Flynn as President and CEO
- 2010 - Announced $435 million common stock offering to support continued growth
- 2011 - Repaid $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund
- 2012 - Redeveloped the Downtown Green Bay Regency building, to create the new Associated Center as its headquarters
- 2013 - Named one of the 100 Most Trustworthy Companies by Forbes.
- 2014 - Joined the New York Stock Exchange and began trading under the ticker "ASB"
- 2015 - Acquired Ahmann & Martin Co., a risk and employee benefits consulting firm
- 2016 - Purchased the 28-story Milwaukee Center office building to allow for future expansion of the company
- 2017 - Acquired Whitnell & Co., a wealth management family services firm
- 2018 - Acquired Bank Mutual
Subsidiaries
During the 1990s and 2000s, Associated Banc-Corp merged all of its affiliated banks into Associated Bank, N.A., a wholly owned subsidiary. On February 1, 2018, Bank Mutual became a wholly owned subsidiary of Associated Banc-Corp.
Subsidiaries of Associated Bank, N.A. include: Associated Trust Company, N.A.; Associated Financial Group, LLC (Associated Benefits and Risk Consulting; Associated Investment Corp; and Associated Community Development, LLC.
Subsidiaries of Bank Mutual include: BancMutual Financial Insurance Services, Inc. and M.C. Development LTD.
Sports sponsorships
Associated Bank has been the bank of the Green Bay Packers since 1919. It is a banking partner of the Milwaukee Brewers, the University of Wisconsin-Madison Athletics, and the Minnesota Wild. It is also the bank of the Wisconsin Athletic Hall of Fame.
References
External links
- Official site
- Associated Benefits and Risk Consulting
- Slumping oil prices pare Associated Banc-Corp earnings from the Milwaukee Journal Sentinel
- Banks Are Laughable, Except for Ours from The New York Times
