Associated Bank announces promotion of Steven Zandpour to executive vice president, head of consumer and business banking

Rhea-AI Summary

Associated Bank (NYSE: ASB) has announced the promotion of Steven Zandpour to executive vice president, head of consumer and business banking, effective July 1, 2025. Zandpour will succeed David Stein, who plans to retire at the end of 2025 after 20+ years with the company. Zandpour, who joined Associated Bank in January 2024, will report to CEO Andrew J. Harmening and oversee revenue growth for consumer and business banking, branch network, contact centers, digital banking, and other key operations. Under his leadership, the bank has launched notable initiatives including family banking solutions and a customer-centric conversation model. Stein will transition to executive vice president, strategic advisor and Madison market president until his retirement.

Positive

• Smooth leadership transition with internal promotion
• Continuity maintained with retiring executive staying as advisor
• Recent successful product launches including family banking solutions
• Implementation of customer-centric banking model

Negative

• Loss of 20+ years of experience with David Stein's retirement
• Relatively short tenure of Zandpour at the bank (joined 2024)

News Market Reaction

+3.52%

1 alert

+3.52% News Effect

On the day this news was published, ASB gained 3.52%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Zandpour to succeed David Stein, effective July 1, 2025

GREEN BAY, Wis., May 8, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the promotion of Steven Zandpour to executive vice president, head of consumer and business banking, effective July 1, 2025. Zandpour will succeed David Stein, who has announced his intent to retire at the end of 2025 after more than 20 years with the company. Zandpour will report directly to Associated Bank's President and CEO, Andrew J. Harmening.

"Steve's people-first leadership and steadfast commitment to both colleagues and customers have been key contributors to our business growth and improved customer experience," said Harmening. "He is well-positioned to further accelerate innovation and deliver even greater value through enhanced products and services that align with our customers' evolving needs."

Zandpour joined Associated Bank in January 2024 as executive vice president, director of retail banking and was promoted to deputy head of consumer and business banking and the bank's Executive Leadership Team in January 2025.

He will continue to oversee revenue growth for consumer and business banking and lead the bank's branch network, contact centers and other sales and service channels. In addition, he will oversee digital banking, consumer risk, customer experience, retail strategy and community accountability teams. 

"Associated Bank is a people-centric culture, and I believe that when we focus on our people, we succeed," said Zandpour. "It's been incredibly rewarding to deliver standout products that create real value for our customers, and I appreciate Dave's guidance and collaboration as we've worked together since I joined Associated."

Recent products and offerings include launching family banking, a comprehensive banking solution for families to meet their financial goals, and a customer conversation model which takes a needs-based approach to learning more about customers, what they want to achieve and what they need to be successful, and partnering to create solutions and achieve those goals.

Effective July 1, Stein will transition from head of consumer and business banking to executive vice president, strategic advisor and Madison market president, assisting with the development of the bank's strategic plan for the remainder of the year.

ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $43 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, Minnesota and Missouri. The company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.

Media Contact
Andrea Kozek
Vice President / Senior Manager, Public Relations
920-491-7518

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SOURCE Associated Banc-Corp

FAQ

Who is the new head of consumer and business banking at Associated Bank (ASB)?

Steven Zandpour has been promoted to executive vice president, head of consumer and business banking at Associated Bank, effective July 1, 2025.

When will David Stein retire from Associated Bank (ASB)?

David Stein will retire from Associated Bank at the end of 2025 after more than 20 years with the company.

What is Steven Zandpour's experience at Associated Bank (ASB)?

Zandpour joined Associated Bank in January 2024 as EVP, director of retail banking and was promoted to deputy head of consumer and business banking in January 2025.

What will be Steven Zandpour's responsibilities at Associated Bank (ASB)?

Zandpour will oversee revenue growth for consumer and business banking, lead the branch network, contact centers, digital banking, consumer risk, customer experience, retail strategy, and community accountability teams.

What role will David Stein transition to before retiring from Associated Bank (ASB)?

Effective July 1, 2025, Stein will transition to executive vice president, strategic advisor and Madison market president until his retirement.