Associated Bank Completes Phase 2 Commercial Expansion, Adding Top Talent in Growing Kansas City Market

Rhea-AI Summary

Associated Banc-Corp (NYSE: ASB) has completed Phase 2 of its commercial expansion by adding three experienced bankers to its Kansas City team. Matt Flynn, Alexander Burke, and Mitchell Hind joined on March 21, 2025, all transitioning from U.S. Bank.

The expansion is part of Associated's strategic growth initiative in the Midwest, with Flynn overseeing expansion into Kansas, Oklahoma, and Texas, while leading the new Short Line Rail Industry Vertical. The bank has increased its relationship managers by over 25% across established and emerging markets, enhancing capabilities in treasury management, capital markets, and corporate banking services.

This strategic move demonstrates Associated's commitment to organic growth, strengthening its commercial leadership and refining its relationship-driven approach in the region.

Positive

• 25% increase in relationship managers across key markets
• Strategic expansion into three new states: Kansas, Oklahoma, and Texas
• Launch of new Short Line Rail Industry Vertical
• Addition of three experienced senior bankers from major competitor (U.S. Bank)
• Enhancement of treasury management and capital markets capabilities

Negative

• None.

GREEN BAY, Wis., March 24, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today announced the addition of three seasoned bankers, Matt Flynn, Alexander Burke, and Mitchell Hind, to its commercial banking team in Kansas City, Missouri, to grow that new market. This strategic move is part of Associated's broader growth initiative, focused on strengthening its core business in the Midwest and expanding into newer markets through organic growth.

"We are excited to welcome Matt, Alexander and Mitchell, to our team," said Phillip Trier, executive vice president and head of Corporate and Commercial Banking. "Their expertise and commitment to client success will be invaluable as we strengthen our presence and build lasting relationships in this region. We look forward to the contributions they will make and the opportunities ahead."

Matt Flynn joined Associated on March 21 as business segment and region leader. Based in Kansas City, Matt will oversee Associated's expansion into Kansas, Oklahoma and Texas as well as leading Associated Bank's new Short Line Rail Industry Vertical. He spent the past 17 years at U.S. Bank, most recently as commercial banking senior vice president and team leader. Flynn has a bachelor's degree in accounting and criminology from the University of Northern Iowa and is a graduate of Pacific Coast Banking School at the University of Washington.

Alexander Burke joined Associated as team leader and Kansas City market leader on March 21. With diverse industry experience and strong expertise in finance, Burke joins Associated from U.S. Bank, where he spent more than 12 years growing their corporate and commercial client base, most recently as senior vice president, commercial banking relationship manager. He holds a bachelor's degree in finance and management, with a minor in leadership, from Washburn University, as well as an MBA in finance from The University of Kansas.

Mitchell Hind joined Associated on March 21 as senior vice president, relationship manager. Most recently, he spent seven years with U.S. Bank growing their commercial banking business. He has more than 20 years of experience in financial services and a proven track record as a trusted advisor delivering financial solutions to companies across the region. He holds a bachelor's degree in finance from Missouri Western State University.

Associated Bank has continued to invest heavily in its corporate and commercial business, demonstrating its commitment to organic growth. In phase two of its strategic plan, the bank added top talent across both established and emerging key markets, increasing relationship managers by more than 25%. This expanded team brings in deep expertise in treasury management, capital markets, and other innovative corporate banking services, strengthening the bank's ability to deliver innovative financial solutions to clients throughout the Midwest region and beyond.

"Expanding our commercial presence with experienced and talented leaders and bankers is a critical component of this year's focus," said Trier. "We've strengthened our commercial leadership, enhanced our capabilities with new products and industry verticals, and refined our relationship-driven approach."

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 and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, 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, Public Relations Senior Manager
920-491-7518

Investor Contact:
Ben McCarville, Senior Vice President, Director of Investor Relations
920-491-7059

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SOURCE Associated Banc-Corp

FAQ

What is the significance of Associated Bank's Phase 2 commercial expansion in Kansas City?

The expansion adds three senior bankers from U.S. Bank and represents ASB's strategic growth in the Midwest, including expansion into Kansas, Oklahoma, and Texas markets, while increasing relationship managers by over 25%.

Who are the key executives joining Associated Bank (ASB) in March 2025?

Matt Flynn joins as business segment and region leader, Alexander Burke as team leader and Kansas City market leader, and Mitchell Hind as senior vice president, relationship manager.

What new markets is Associated Bank (ASB) targeting through this expansion?

ASB is expanding into Kansas, Oklahoma, and Texas markets, with Kansas City serving as a strategic hub for growth.

What new business vertical is Associated Bank (ASB) launching with this expansion?

ASB is launching a new Short Line Rail Industry Vertical, to be led by Matt Flynn.

How has Associated Bank (ASB) strengthened its commercial banking capabilities?

ASB has enhanced its capabilities with new products, industry verticals, increased relationship managers by 25%, and expanded services in treasury management and capital markets.