Associated Banc Corp | banks in the United States

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. It is headquartered in Green Bay, Wisconsin, and is the largest bank (by asset size) headquartered in Wisconsin. It has over 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio, and Texas.

 

Associated Banc Corp | banks in the United States

 

On October 21, 2021, it had $35 billion in assets and is Wisconsin’s largest bank holding company. 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 4,300 employes.

 

 

Associated Banc Corp | banks in the United States

 

History of Associated Banc Corp

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 in 1874; and Manitowoc Savings Bank, founded in 1884.

  1. 1989 – Acquired the Associated De Pere Bank of De Pere, Wisconsin
  2. 1991 – Acquired Farmers State Bank of Pound, Wisconsin, and F&M Financial Services
  3. 1992 – Acquired Wausau Financial and Northeast Wisconsin Financial Services
  4. 1993 – Changed name to Associated Bank, NA of Green Bay, Wisconsin
  5. 1993 – Acquired First National Bank of Sturgeon Bay of Sturgeon Bay, Wisconsin
  6. 1995 – Acquired GN Bancorp of Illinois
  7. 1996 – Acquired Mid-American National Bancorp of Illinois
  8. 1997 – Acquired Centra Financial of Wisconsin
  9. 1997 – Merged with First Financial Corporation of Stevens Point, Wisconsin
  10. 1998 – Acquired Citizens Bank, NA of Shawano, Wisconsin
  11. 1999 – Acquired Windsor Bancshares of Minnesota 
  12. 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
  13. 2002 – Acquired Signal Financial Corp. of Minnesota 
  14. 2003 – Merged and re-branded affiliates: Associated Card Services Bank in Stevens Point, Wisconsin, and Associated Bank Illinois in Rockford, Illinois
  15. 2004 – Acquired First Federal Capital Bank of La Crosse, Wisconsin, expanding into Western and Southwest Wisconsin 
  16. 2005 – Merged and re-branded affiliate banks in Minneapolis, Minnesota, and in Chicago, Illinois
  17. 2005 – Acquired State Financial Services of Hales Corners, Wisconsin, and expanded to Northern Illinois
  18. 2007 – Acquired First National Bank of Hudson, Wisconsin
  19. 2008 – Received $525 Million shares of the $700 Billion Troubled Asset Relief Program (TARP) fund
  20. 2009 – Appointed William R. Hutchinson as Chairman of the Board of Directors and Philip B. Flynn as President and CEO
  21. 2010 – Issued $435 million of common stock in an offering to support continued growth 
  22. 2011 – Repaid $525 Million share of the $700 Billion Troubled Asset Relief Program (TARP) fund 
  23. 2012 – Redeveloped the Downtown Green Bay Regency building, to create the new Associated Center as its headquarters 
  24. 2013 – Named one of the 100 Most Trustworthy Companies by Forbes.
  25. 2014 – Joined the New York Stock Exchange and began trading under the ticker “ASB” 
  26. 2015 – Acquired Ahmann & Martin Co., a risk and employee benefits consulting firm 
  27. 2016 – Purchased the 28-story Milwaukee Center office building to allow for future expansion of the company 
  28. 2017 – Acquired Whitnell & Co., a wealth management family services firm 
  29. 2018 – Acquired Bank Mutual of Milwaukee, Wisconsin 
  30. 2018 – Acquired Diversified Insurance Solutions, a Milwaukee based employee benefits insurance agency
  31. 2018 – Acquired Anderson Insurance & Investment Agency, a Minneapolis based workers’ compensation insurance agency
  32. 2019 – Acquired 32 Wisconsin branches from The Huntington National Bank
  33. 2020 – Acquired the First National Bank of Staunton, Illinois
  34. 2020 – Appointed John (Jay) B. Williams as Chairman of the Board of Directors
  35. 2020 – Sold Associated Benefits & Risk Consulting (ABRC) to USI Insurance Services LLC (USI) for $266 million
  36. 2021 – Appointed Andy Harmening as President and CEO

 

Associated Banc Corp | banks in the United States

 

Subsidiaries of Associated Banc-Corp

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.

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