Associated Banc-Corp
Associated Banc-Corp (NASDAQ: ASBC) is a diversified regional bank holding company specializing in retail and commercial banking, commercial real estate lending, wealth management and specialized financial services. It is headquartered in Green Bay, Wisconsin. At September 30, 2011, it had $22 billion in assets [1] and was the 41st-largest bank holding company in the United States. Associated Bank is a nationally chartered bank, regulated by the Office of the Comptroller of the Currency, Department of the Treasury [2] The company has over 5,101 employees.[3] Their focus is on regional banks.
Lines of business
Associated Banc-Corp provides banking and nonbanking products and services to individuals and businesses through the Midwest. Associated Banc-Corp serves small and larger business, government/municipalities, metro or niche markets and companies with specialized lending needs.
- Retail Banking - lending, deposit gathering, checking accounts, mortgages, education saving, IRA accounts, certified deposits and other banking-related products and services
- Commercial Banking - financing, employee benefits, treasury management, insurance and investing, equipment and machinery leasing and international banking
- Commercial Real Estate Lending - loans and lending, including construction financing, interim/bridge financing, acquisition financing, term financing and refinancing
- Wealth Management/Private Banking - investment management, advisory and corporate agency services to assist with building, investing or protecting wealth for individuals, corporations, small businesses, charitable trusts, endowments, foundations and institutional investors
- Specialized Financial Services - lending services for power generation, oil and gas, insurance, mortgage warehouse and healthcare industries
Regional presence
Associated Bank's three-state footprint includes Wisconsin, Illinois and Minnesota.
The principal executive office is located in Green Bay, Wisconsin.
History
The Associated-Banc Corp holding company was formed in 1970 when three community banks formed a banking alliance that consolidated into Associated Bank.
Three founding banks: The First National Bank of Neenah, founded in 1861
Kellogg Citizens National Bank, Green Bay, founded 1874
Manitowoc Savings Bank, founded in 1884 as the Schuette Bank
- 1970 - Associated Banc-Corp was officially formed [4]
- 1989 – Acquired the Associated De Pere Bank of De Pere, Wisconsin[5]
- 1993 – name changed to Associated Bank Green Bay, NA[5]
- 1993 – acquired First National Bank of Sturgeon Bay of Sturgeon Bay, Wisconsin and Farmers State Bank of Pound, Wisconsin[5]
- 1993 - Bank assets increased to $2.9 billion and expanded across state of Wisconsin
- 1997 - Merger between Associated Bank and First Financial
- 1999 – acquired Citizens Bank, NA of Shawano, Wisconsin[5]
- 2001 – name changed to Associated Bank, NA; merged and re-branded existing affiliate banks in Milwaukee, Wisconsin, Neenah, Wisconsin, Manitowoc, Wisconsin, Wausau, Wisconsin, and Madison, Wisconsin[5]
- 2003 – merged and re-branded affiliate banks of Associated Card Services Bank in Stevens Point, Wisconsin and Associated Bank Illinois in Rockford, Illinois[5]
- 2004 - First Federal expanded Associated Bank's footprint into Western and Southwest Wisconsin
- 2005 – acquired First Federal Capital Bank of La Crosse, Wisconsin and State Financial Bank of Hales Corners, Wisconsin; merged and re-branded affiliate banks of Associated Bank Minnesota in Minneapolis, Minnesota and Associated Bank Chicago in Chicago, Illinois[5]
- 2005 - State Financial Services increased Associated Bank's concentration in Southeast Wisconsin and expanded to Northern Illinois
- 2006 – acquired State Financial Bank of Hales Corners, Wisconsin.
- 2007 – acquired First National Bank of Hudson of Hudson, Wisconsin.
- 2008 – filed for, and approved to receive a $525 Million share, of the $700 Billion TARP fund of 2008.
- 2010 - Associated Bank returns to profitability [6]
- 2011 - completed repurchase of all remaining Troubled Asset Relief Program (TARP) preferred stock. [7] [6]
Subsidiaries
During the 1990s and 2000s, Associated Banc-Corp merged all of its affiliated banks into Associated Bank, NA, a wholly owned subsidiary. Associated Bank, NA, has $20.5 billion in assets.[3]
Associated Bank is the official bank of the following:
Associated Bank kicked off a fall checking account promotion with advertisements featuring Green Bay Packers quarterback Aaron Rodgers. [9]
Actress Penny Reynolds plays Edith in the Associated Bank commercials featuring Aaron Rodgers. [10]
- ^ "Company News Release". Associated Banc-Corp. October 20, 2011. http://files.shareholder.com/downloads/ASBC/1331462197x0x510510/898afce9-dfa4-4490-95c0-620d2ee8aa1e/ASBC_Reports_Third_Quarter_2011_Earnings_FINAL.pdf. Retrieved October 26, 2011.
- ^ "Top 50 bank holding companies". Federal Financial Institutions Examination Council. March 31, 2007. http://www.ffiec.gov/nicpubweb/nicweb/Top50Form.aspx. Retrieved April 15, 2007.
- ^ a b "Associated Banc-Corp". Holding Companies. iBanknet.com. February 27, 2007. http://www.ibanknet.com/scripts/callreports/getbank.aspx?id=ibn1438&cert=1199563. Retrieved April 15, 2007.
- ^ "EXCESS SPACE RETAIL SERVICES RETAINED BY ASSOCIATED BANK". Excess Space Retail Services, Inc.. Excess Space Retail Services, Inc.. November 10, 2011. http://www2.fdic.gov/idasp/report_bhc.asp?inSortIndex=0&inCert1=1199563&period1=06/30/2006. Retrieved November 10, 2011.
- ^ a b c d e f g "Bank Holding Company Detail". FDIC Institution Directory. Federal Deposit Insurance Corporation. June 30, 2006. http://www2.fdic.gov/idasp/report_bhc.asp?inSortIndex=0&inCert1=1199563&period1=06/30/2006. Retrieved April 15, 2007.
- ^ a b "Flynn tackles ‘a solvable problem’ at Associated Bank". Biz Times, Eric Decker. Biz Times, Eric Decker. May 28, 2010. http://www.biztimes.com/news/2010/5/28/flynn-tackles-a-solvable-problem-at-associated-bank. Retrieved May 28, 2010.
- ^ http://investor.associatedbank.com/releasedetail.cfm?ReleaseID=605579
- ^ "Associated Banc-Corp". packers.com. October 26, 2011. http://www.packers.com/fan-zone/sponsors.html. Retrieved October 26, 2011.
- ^ "Associated Bank launches Aaron Rodgers ads". biztimes.com. September 7, 2011. http://www.bizjournals.com/milwaukee/news/2011/09/07/associated-bank-launches-aaron-rodgers.html. Retrieved September 7, 2011.
- ^ "Edith scores with Packers fans in ads with Rodgers". jsonline.com. October 2, 2011. http://www.jsonline.com/news/wisconsin/edith-scores-with-packers-fans-in-ads-with-rodgers-130954138.html. Retrieved October 2, 2011.
- ^ "Hit a home run by choosing a bank that delivers customized service and outstanding value". milwaukee.brewers.mlb.com/. October 2, 2011. http://milwaukee.brewers.mlb.com/mil/fan_forum/associatedbank.jsp. Retrieved October 2, 2011.
External links
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* indicates the U.S. subsidiary of a non-U.S. bank. Inclusion on this list is based on U.S. assets only.
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