Associated Banc-Corp
- Financial services
- Regional banks
- Bank holding company
- Wisconsin
- Illinois
- Minnesota
- Missouri
- Indiana
- Ohio
- Michigan
- Texas
(chairman)
Andy Harmening
(president & CEO)
- Retail banking
- Commercial banking
- Specialized lending
- Commercial real estate lending
- Private banking
- Wealth management
- Asset management
- Investment banking
![Increase](http://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png)
![Increase](http://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png)
![Increase](http://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png)
![Increase](http://upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png)
Associated Banc-Corp is a U.S. regional bank holding company providing retail banking, commercial banking, commercial real estate lending, private banking and specialized financial services. Headquartered in Green Bay, Wisconsin, Associated is a Midwest bank with from more than 220 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, Ohio and Texas.
As of October 19, 2023, it had $42 billion in assets and is the largest bank holding company based in Wisconsin.[1][2] Associated Bank is a nationally chartered bank, regulated by the Office of the Comptroller of the Currency within the 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 4,200 employees.[3]
History
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, NA of Green Bay, Wisconsin
- 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[4]
- 1998 – Acquired Citizens Bank, NA of Shawano, Wisconsin
- 1999 – Acquired Windsor Bancshares of Minnesota[5]
- 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[6]
- 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[7]
- 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[8]
- 2008 – Received $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund
- 2009 – Appointed William R. Hutchinson as Chairman of the Board of Directors and Philip B. Flynn as President and CEO
- 2010 – Issued $435 million of common stock in an offering to support continued growth[9]
- 2011 – Repaid $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund[10]
- 2012 – Redeveloped the Downtown Green Bay Regency building, to create the new Associated Center as its headquarters[11]
- 2013 – Named one of the 100 Most Trustworthy Companies by Forbes[12]
- 2014 – Joined the New York Stock Exchange and began trading under the ticker "ASB"[13]
- 2015 – Acquired Ahmann & Martin Co., a risk and employee benefits consulting firm[14]
- 2016 – Purchased the 28-story Milwaukee Center office building to allow for future expansion of the company[15]
- 2017 – Acquired Whitnell & Co., a wealth management family services firm[16]
- 2018 – Acquired Bank Mutual of Milwaukee, Wisconsin[17]
- 2018 – Acquired Diversified Insurance Solutions, a Milwaukee based employee benefits insurance agency[18]
- 2018 – Acquired Anderson Insurance & Investment Agency, a Minneapolis based workers compensation insurance agency[19]
- 2019 – Acquired 32 Wisconsin branches from The Huntington National Bank[20]
- 2020 – Acquired the First National Bank of Staunton, Illinois[21]
- 2020 – Appointed John (Jay) B. Williams as Chairman of the Board of Directors
- 2020 – Sold Associated Benefits & Risk Consulting (ABRC) to USI Insurance Services LLC (USI) for $266 million
- 2021 – Appointed Andy Harmening as President and CEO
- 2022 – Consolidated 13 branches in Wisconsin and Illinois;[22] announced first "micro branch" (600 square feet (56 m2)) following new micro office model[23]
Subsidiaries
During the 1990s and 2000s, Associated Banc-Corp merged all of its affiliated banks into Associated Bank, N.A., a wholly owned subsidiary.
Subsidiaries of Associated Bank, N.A. include: Associated Trust Company, N.A.; Associated Investment Corp; and Associated Community Development, LLC.[citation needed]
Sports sponsorships
Associated Bank has been the bank of the Green Bay Packers since 1919.[24] It is a banking partner of the Milwaukee Brewers,[25] the University of Wisconsin-Madison Athletics,[26] and the Minnesota Wild.[27] It is also the bank of the Wisconsin Athletic Hall of Fame.[28]
References
- ^ "Corporate Profile | Associated Banc-Corp". investor.associatedbank.com. Retrieved October 21, 2021.
- ^ "Large Holding Companies". www.ffiec.gov. Retrieved May 28, 2021.
- ^ "Fourth Quarter Investor Presentation" (PDF). q4cdn.com. November 4, 2022. Retrieved April 9, 2023.
- ^ News, Bloomberg (May 15, 1997). "Associated Banc-Corp Sets Merger With First Financial". The New York Times. Retrieved June 21, 2016.
{{cite news}}
:|last1=
has generic name (help) - ^ "Associated Banc-Corp buys Minnesota bank". October 1, 1998. Retrieved September 15, 2016.
- ^ "Associated Bank buys Signal Financial". September 10, 2001. Retrieved June 21, 2016.
- ^ "Order Approving the Acquisition of a Savings Association" (PDF) (Press release). Federal Reserve. August 16, 2004. Retrieved March 22, 2016.
- ^ "Company Overview of The First National Bank of Hudson". September 15, 2016. Retrieved September 15, 2016.
- ^ "Associated Banc-Corp raises about $416 mln in offering". January 12, 2010. Retrieved November 2, 2016.
- ^ "Associated Banc-Corp looks to a post-TARP future". September 24, 2011. Retrieved June 21, 2016.
- ^ "Associated Bank Comes Home". City of Green Bay, Wisconsin. March 26, 2012. Archived from the original on March 14, 2017. Retrieved March 21, 2016.
- ^ "Associated Bank named one of the top 100 Most Trustworthy Company's by Forbes" (Press release). Associated Banc-Corp. April 15, 2013. Retrieved April 15, 2013.
- ^ "Associated Bank marks move to New York Stock Exchange". February 24, 2015. Retrieved June 21, 2016.
- ^ Paul Gores (January 16, 2015). "Associated Banc-Corp to buy Minnesota insurance broker". Milwaukee Journal Sentinel. Retrieved March 21, 2016.
- ^ Haisten Willis (April 6, 2016). "Associated Bank Purchases Milwaukee Center for $60.5M". REBusiness Online. Retrieved November 1, 2016.
- ^ "Associated Banc-Corp completes purchase of wealth management family services firm Whitnell & Co". October 3, 2017. Retrieved October 3, 2017.
- ^ "Associated Banc-Corp closes on $482 million deal to acquire Bank Mutual". February 1, 2018. Retrieved February 1, 2018.
- ^ "Associated Banc-Corp to acquire Diversified Insurance Solutions". February 15, 2018. Retrieved May 1, 2019.
- ^ "Associated Banc-Corp completes purchase of Anderson Insurance & Investment Agency, Inc". June 1, 2018. Retrieved May 1, 2019.
- ^ "Associated Banc-Corp to acquire Wisconsin banking operations of The Huntington National Bank". December 11, 2018. Retrieved May 1, 2019.
- ^ "Associated Banc-Corp closes acquisition of First Staunton Bancshares, Inc". February 14, 2020. Retrieved February 20, 2020.
- ^ Lesk, Sari (August 30, 2022). "Associated Bank closing branches around Wisconsin, Illinois". Milwaukee Business Journal. Retrieved August 31, 2022.
- ^ Lesk, Sari (June 16, 2022). "Associated Bank to open 'micro branch' in downtown Milwaukee". Milwaukee Business Journal. Retrieved August 31, 2022.
- ^ Paul Gores (September 1, 2015). "Associated Bank signs Packer receivers for marketing campaign". Milwaukee Journal Sentinel. Retrieved March 21, 2016.
- ^ "Milwaukee Brewers and Associated Bank expand partnership" (Press release). Associated Banc-Corp. March 26, 2015. Retrieved March 26, 2015.
- ^ "Associated Bank and UW Athletics Deepen Partnership" (Press release). Associated Banc-Corp. January 19, 2016. Retrieved January 19, 2016.
- ^ "Associated Bank and Minnesota Wild Announce Partnership" (Press release). Minnesota Wild Hockey Club. November 17, 2015. Retrieved March 21, 2016.
- ^ "Associated Bank becomes bank of Wisconsin Athletic Hall of Fame" (Press release). WBTV. February 16, 2016. Retrieved March 22, 2016.
Bibliography
- Gores, Paul (January 11, 2016). "Slumping oil prices pare Associated Banc-Corp earnings". Milwaukee Journal Sentinel.
- Newman, Andrew Adam (November 10, 2014). "Banks Are Laughable, Except for Ours". The New York Times.
External links
- Official website
- Business data for Associated Banc-Corp:
- SEC filings
- Yahoo!
- Associated Benefits and Risk Consulting Archived 2019-12-13 at the Wayback Machine
- v
- t
- e
- Antero Midstream
- Antero Resources
- ChampionX
- Chesapeake Energy
- Chord Energy
- Civitas Resources
- CNX Resources
- DT Midstream
- HF Sinclair
- Matador Resources
- Murphy Oil
- Nov
- Ovintiv
- PBF Energy
- Permian Resources
- Range Resources
- Southwestern Energy
- Texas Pacific Land Corporation
- Valaris Limited
- Weatherford International
- Alcoa
- AptarGroup
- Arcadium Lithium
- Ashland Global
- Avient
- Axalta
- Berry Global
- Cabot Corp
- Chemours
- Cleveland-Cliffs
- Commercial Metals
- Crown Holdings
- Eagle Materials
- Graphic Packaging
- Greif, Inc.
- Knife River Corporation
- Louisiana-Pacific
- MP Materials
- NewMarket Corporation
- Olin
- Reliance Steel & Aluminum Co.
- Royal Gold
- RPM International
- Scotts Miracle-Gro Company
- Silgan Holdings
- Sonoco
- U.S. Steel
- Westlake
- Acuity Brands
- Advanced Drainage Systems
- AECOM
- AGCO
- ASGN Inc.
- Avis Budget Group
- Brink's
- BWX Technologies
- CACI International
- Carlisle Companies
- Chart Industries
- Clean Harbors
- Comfort Systems USA
- Concentrix
- Core & Main
- Crane
- Curtiss-Wright
- Donaldson
- Emcor
- EnerSys
- ESAB
- EXL Service
- Exponent, Inc.
- Flowserve
- Fluor
- Fortune Brands Innovations
- FTI Consulting
- GATX
- Genpact
- Graco
- GXO Logistics
- Hexcel
- Insperity
- ITT
- KBR
- Kirby
- Knight-Swift
- Landstar System
- Lennox International
- Lincoln Electric
- ManpowerGroup
- MasTec
- Maximus Inc.
- MDU Resources
- Middleby
- MSA Safety
- MSC Industrial Direct
- Nextracker
- nVent Electric plc
- Oshkosh
- Owens Corning
- Paylocity
- RB Global
- RBC Bearings
- Regal Rexnord
- Ryder
- Saia
- Science Applications Intl Corp
- Sensata Technologies
- Simpson Manufacturing Company
- Stericycle
- Sunrun
- Terex
- Tetra Tech
- Timken
- The Toro Company
- Trex
- UFP Industries
- Valmont
- Watsco
- Watts Water Technologies
- WESCO International
- Woodward
- XPO, Inc.
Discretionary
- Abercrombie & Fitch
- Adient
- Aramark
- Autoliv
- AutoNation
- Boyd Gaming
- Brunswick
- Burlington
- Capri Holdings
- Carter's
- Choice Hotels
- Churchill Downs Inc.
- Columbia Sportswear
- Crocs
- Deckers Brands
- Dick's Sporting Goods
- Duolingo
- Five Below
- Floor & Decor
- Fox Factory
- GameStop
- Gap
- Gentex
- Goodyear Tire & Rubber
- Graham Holdings
- Grand Canyon Education
- H&R Block
- Harley-Davidson
- Helen of Troy Limited
- Hilton Grand Vacations
- Hyatt
- KB Home
- Lear
- Light & Wonder
- Lithia Motors
- Macy's
- Marriott Vacations Worldwide
- Mattel
- Murphy USA
- Nordstrom
- Ollie's Bargain Outlet
- Penske Automotive Group
- Planet Fitness
- Polaris
- PVH
- RH
- Service Corp Intl
- Skechers
- Taylor Morrison
- Tempur Sealy
- Texas Roadhouse
- Thor Industries
- Toll Brothers
- TopBuild Corp.
- Travel + Leisure Co.
- Under Armour (Class A)
- Under Armour (Class C)
- Vail Resorts
- Valvoline
- Visteon
- Wendy's
- Williams-Sonoma
- Wingstop
- Wyndham Hotels & Resorts
- Yeti Holdings
Staples
- BellRing Brands
- BJ's Wholesale Club
- Boston Beer Company
- Casey's General Stores
- Celsius Holdings
- Coca-Cola Consolidated
- Coty
- Darling Ingredients
- e.l.f. Beauty
- Flowers Foods
- Ingredion
- Lancaster Colony Corp
- Performance Food Group
- Pilgrim's Pride
- Post Holdings
- Sprouts Farmers Market
- US Foods
- Acadia Healthcare
- Amedisys
- Arrowhead Pharmaceuticals
- Avantor
- Azenta
- BioMarin Pharmaceutical
- Bruker
- Chemed Corp.
- Doximity
- Encompass Health
- Enovis
- Envista Holdings
- Exelixis
- Globus Medical
- Haemonetics
- Halozyme
- HealthEquity
- Illumina
- Inari Medical
- Jazz Pharmaceuticals
- Lantheus Holdings
- LivaNova
- Masimo
- Medpace
- Neogen
- Neurocrine Biosciences
- Option Care Health
- Penumbra
- Perrigo
- Progyny
- R1 RCM
- Repligen
- Shockwave Medical
- Sotera Health
- Tenet Healthcare
- United Therapeutics
- Affiliated Managers Group
- Ally Financial
- American Financial Group
- Annaly Capital Management
- Associated Bank
- Bank OZK
- Brighthouse Financial
- Cadence Bank
- Carlyle Group
- CNO Financial Group
- Columbia Banking System
- Commerce Bancshares
- East West Bancorp
- Equitable Holdings
- Erie Indemnity
- Essent Group Ltd.
- Euronet Worldwide
- Evercore
- Federated Hermes
- Fidelity National Financial
- First American
- First Financial Bankshares
- First Horizon
- FirstCash
- FNB Corporation
- Frost Bank
- Glacier Bancorp
- Hancock Whitney
- Hanover Insurance
- Home BancShares
- Houlihan Lokey
- Interactive Brokers
- Intl Bancshares Corp
- Janus Henderson
- Jefferies
- Kemper
- Kinsale Capital Group
- MGIC Investment Corporation
- Morningstar, Inc.
- New York Community Bank
- Old National Bank
- Old Republic International
- Pinnacle Financial Partners
- Primerica
- Prosperity Bancshares
- Reinsurance Group of America
- RenaissanceRe
- RLI
- Ryan Specialty
- SEI
- Selective Insurance Group
- SLM Corp
- South State Bank
- Starwood Property Trust
- Stifel
- Synovus
- Texas Capital Bancshares
- UMB Financial Corp.
- United Bankshares
- Unum
- Valley Bank
- Voya Financial
- Webster Bank
- Western Union
- WEX Inc.
- Wintrust
Technology
- Allegro MicroSystems
- Altair Engineering
- Amkor Technology
- Arrow Electronics
- Aspen Technology
- Avnet
- Belden
- Blackbaud
- Calix
- Ciena
- Cirrus Logic
- Cognex
- Coherent Corp.
- CommVault Systems
- Crane NXT
- Dolby
- Dropbox
- Dynatrace
- IPG Photonics
- Kyndryl
- Lattice Semiconductor
- Littelfuse
- Lumentum Holdings
- MACOM Technology Solutions
- Manhattan Associates
- MKS Instruments
- Novanta
- Onto Innovation
- Power Integrations
- Pure Storage
- Qualys
- Rambus
- Silicon Labs
- Supermicro
- Synaptics
- TD Synnex
- Teradata
- Universal Display
- Vishay
- Vontier
- Wolfspeed
Services
- Agree Realty
- Brixmor Property Group
- COPT Defense Properties
- Cousins Properties
- CubeSmart
- EastGroup Properties
- EPR Properties
- Equity Lifestyle Properties
- First Industrial Realty Trust
- Gaming and Leisure Properties
- Healthcare Realty Trust
- IRT Living
- Jones Lang LaSalle
- Kilroy Realty Corp
- Kite Realty Group Trust
- Lamar Advertising Company
- Medical Properties Trust
- National Storage Affiliates Trust
- NNN Reit
- Omega Healthcare Investors
- Park Hotels & Resorts
- Physicians Realty Trust
- PotlatchDeltic
- Rayonier
- Rexford Industrial Realty
- Sabra Health Care REIT
- STAG Industrial
- Vornado Realty Trust
- W. P. Carey