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* 2007 - Acquired First National Bank of [[Hudson, Wisconsin]] <ref name="Bloomberg">{{Cite news|url=http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=31206228|title= Company Overview of The First National Bank of Hudson|accessdate=September 15, 2016 |date=September 15, 2016}}</ref>
* 2007 - Acquired First National Bank of [[Hudson, Wisconsin]] <ref name="Bloomberg">{{Cite news|url=http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=31206228|title= Company Overview of The First National Bank of Hudson|accessdate=September 15, 2016 |date=September 15, 2016}}</ref>
* 2008 - Requested a $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund
* 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
* 2012 - Redeveloped the Downtown Green Bay Regency building, to create the new Associated Center as its headquarters <ref name="Associated Bank Comes Home">{{cite web| url=http://greenbaywi.gov/EconomicDevelopment/associated-bank-comes-home/ |title=Associated Bank Comes Home|date=March 26, 2012 |publisher=[City of [Green Bay, Wisconsin]]}}</ref>
* 2011 - Repaid $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund <ref name="Milwaukee Journal Sentinel">{{Cite news|url=http://www.jsonline.com/business/130485863.html/|title=Associated Banc-Corp looks to a post-TARP future|accessdate=June 21, 2016 |date=September 24, 2011}}</ref>
* 2011 - Repaid $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund <ref name="Milwaukee Journal Sentinel">{{Cite news|url=http://www.jsonline.com/business/130485863.html/|title=Associated Banc-Corp looks to a post-TARP future|accessdate=June 21, 2016 |date=September 24, 2011}}</ref>* 2012 - Redeveloped the Downtown Green Bay Regency building, to create the new Associated Center as its headquarters <ref name="Associated Bank Comes Home">{{cite web| url=http://greenbaywi.gov/EconomicDevelopment/associated-bank-comes-home/ |title=Associated Bank Comes Home|date=March 26, 2012 |publisher=[City of [Green Bay, Wisconsin]]}}</ref>
* 2013 - Named one of the 100 Most Trustworthy Companies by ''Forbes''.<ref name="Forbes">{{Cite press release |url=http://newsroom.associatedbank.com/News-Releases/Associated-Banc-Corp-Named-to-Forbes-Magazine-s-2013-List-of-America-s-100-Most-Trustworthy-Compani-394.aspx |title=Associated Bank named one of the top 100 Most Trustworthy Company's by Forbes |publisher=Associated Banc-Corp |accessdate=April 15, 2013 |date=April 15, 2013}}</ref>
* 2013 - Named one of the 100 Most Trustworthy Companies by ''Forbes''.<ref name="Forbes">{{Cite press release |url=http://newsroom.associatedbank.com/News-Releases/Associated-Banc-Corp-Named-to-Forbes-Magazine-s-2013-List-of-America-s-100-Most-Trustworthy-Compani-394.aspx |title=Associated Bank named one of the top 100 Most Trustworthy Company's by Forbes |publisher=Associated Banc-Corp |accessdate=April 15, 2013 |date=April 15, 2013}}</ref>
* 2014 - Joined the New York Stock Exchange and began trading under the ticker "ASB" <ref name="Green Bay Press Gazette">{{Cite news|url=http://www.greenbaypressgazette.com/story/money/2015/02/24/associated-bank-marks-move-new-york-stock-exchange/23969307/|title= Associated Bank marks move to New York Stock Exchange|accessdate=June 21, 2016 |date=February 24, 2015}}</ref>
* 2014 - Joined the New York Stock Exchange and began trading under the ticker "ASB" <ref name="Green Bay Press Gazette">{{Cite news|url=http://www.greenbaypressgazette.com/story/money/2015/02/24/associated-bank-marks-move-new-york-stock-exchange/23969307/|title= Associated Bank marks move to New York Stock Exchange|accessdate=June 21, 2016 |date=February 24, 2015}}</ref>
* 2015 - Acquired Ahmann & Martin Co., a risk and employee benefits consulting firm <ref>{{Cite news |url=http://www.jsonline.com/business/associated-banc-corp-to-buy-minnesota-insurance-broker-b99427675z1-288873151.html |author=Paul Gores |title=Associated Banc-Corp to buy Minnesota insurance broker |newspaper=Milwaukee Journal Sentinel |accessdate=March 21, 2016 |date=January 16, 2015}}</ref>
* 2015 - Acquired Ahmann & Martin Co., a risk and employee benefits consulting firm <ref>{{Cite news |url=http://www.jsonline.com/business/associated-banc-corp-to-buy-minnesota-insurance-broker-b99427675z1-288873151.html |author=Paul Gores |title=Associated Banc-Corp to buy Minnesota insurance broker |newspaper=Milwaukee Journal Sentinel |accessdate=March 21, 2016 |date=January 16, 2015}}</ref>
* 2016 - Purchased 28-story Milwaukee Center office building <ref>{{Cite news |url=http://rebusinessonline.com/associated-bank-purchases-milwaukee-center-for-60-5m/|author=Paul Gores |title=Associated Bank Purchases Milwaukee Center for $60.5M |publisher=REBusiness Online|accessdate=November 1, 2016 |date=April 6, 2016}}</ref>


==Subsidiaries==
==Subsidiaries==

Revision as of 20:31, 1 November 2016

Associated Banc-Corp
Company typePublic
NYSE: ASB
IndustryFinancial Services, regional banks, Bank-holding Company
Founded1861
HeadquartersGreen Bay, Wisconsin, United States
Number of locations
Over 200 Branches
Area served
Wisconsin
Illinois
Minnesota
Missouri
Indiana
Ohio
Michigan
Texas
Key people
William R. Hutchinson, Chairman Philip B. Flynn, CEO
ProductsRetail Banking
Commercial Banking
Specialized Lending
Commercial Real Estate Lending
Private Banking
Wealth Management
Asset Management
Investment Banking
Insurance Services
Number of employees
Approximately 4,400
Websitewww.associatedbank.com

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. It is the largest bank (by asset size) headquartered in Wisconsin. The bank's main focus is middle-market commercial banking in Wisconsin, Illinois, Minnesota, and the upper Midwest.

At September 30, 2016, it had $29 billion in assets [1] and was one of the top 50 publicly traded U.S. bank holding companies.[2] 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 4,400 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.

  • 2007 - Acquired First National Bank of Hudson, Wisconsin [8]
  • 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
  • 2011 - Repaid $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund [9]* 2012 - Redeveloped the Downtown Green Bay Regency building, to create the new Associated Center as its headquarters [10]
  • 2013 - Named one of the 100 Most Trustworthy Companies by Forbes.[11]
  • 2014 - Joined the New York Stock Exchange and began trading under the ticker "ASB" [12]
  • 2015 - Acquired Ahmann & Martin Co., a risk and employee benefits consulting firm [13]
  • 2016 - Purchased 28-story Milwaukee Center office building [14]

Subsidiaries

During the 1990s and 2000s, Associated Banc-Corp merged all of its affiliated banks into Associated Bank, N.A., a wholly owned subsidiary.

Associated's non-bank subsidiaries include: Associated Trust Company, N.A.; Associated Financial Group, LLC; Associated Investment Services, Inc.; and Kellogg Asset Management, LLC

Sports sponsorships

Associated Bank has been the bank of the Green Bay Packers since 1919.[15] It is a banking partner of the Milwaukee Brewers,[16] the University of Wisconsin-Madison Athletics,[17] and the Minnesota Wild.[18] It is also the bank of the Wisconsin Athletic Hall of Fame.[19]

References

  1. ^ "Associated Banc-Corp Reports Third Quarter Earnings of $0.34 per share" (Press release). Associated Banc-Corp. October 20, 2016. Retrieved October 20, 2016.
  2. ^ "Large Commercial Banks". Federal Reserve. June 30, 2015. Retrieved June 30, 2015.
  3. ^ "Associated Banc-Corp Reports Third Quarter Earnings of $0.34 per share" (Press release). Associated Banc-Corp. October 20, 2016. Retrieved October 20, 2016.
  4. ^ "Associated Banc-Corp Sets Merger With First Financial". May 15, 1997. Retrieved June 21, 2016.
  5. ^ "Associated Banc-Corp buys Minnesota bank". October 1, 1998. Retrieved September 15, 2016.
  6. ^ "Associated Bank buys Signal Financial". September 10, 2001. Retrieved June 21, 2016.
  7. ^ "Order Approving the Acquisition of a Savings Association" (PDF) (Press release). Federal Reserve. August 16, 2004. Retrieved March 22, 2016.
  8. ^ "Company Overview of The First National Bank of Hudson". September 15, 2016. Retrieved September 15, 2016.
  9. ^ "Associated Banc-Corp looks to a post-TARP future". September 24, 2011. Retrieved June 21, 2016.
  10. ^ "Associated Bank Comes Home". [City of [Green Bay, Wisconsin]]. March 26, 2012.
  11. ^ "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.
  12. ^ "Associated Bank marks move to New York Stock Exchange". February 24, 2015. Retrieved June 21, 2016.
  13. ^ Paul Gores (January 16, 2015). "Associated Banc-Corp to buy Minnesota insurance broker". Milwaukee Journal Sentinel. Retrieved March 21, 2016.
  14. ^ Paul Gores (April 6, 2016). "Associated Bank Purchases Milwaukee Center for $60.5M". REBusiness Online. Retrieved November 1, 2016.
  15. ^ Paul Gores (September 1, 2015). "Associated Bank signs Packer receivers for marketing campaign". Milwaukee Journal Sentinel. Retrieved March 21, 2016.
  16. ^ "Milwaukee Brewers and Associated Bank expand partnership" (Press release). Associated Banc-Corp. March 26, 2015. Retrieved March 26, 2015.
  17. ^ "Associated Bank and UW Athletics Deepen Partnership" (Press release). Associated Banc-Corp. January 19, 2016. Retrieved January 19, 2016.
  18. ^ "Associated Bank and Minnesota Wild Announce Partnership" (Press release). Minnesota Wild Hockey Club. November 17, 2015. Retrieved March 21, 2016.
  19. ^ "Associated Bank becomes bank of Wisconsin Athletic Hall of Fame" (Press release). WBTV. February 16, 2016. Retrieved March 22, 2016.
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