Associated Bank makes significant investment in Downtown Minneapolis with move to iconic IDS Center to accommodate rapid growth

Rhea-AI Summary

Associated Bank (NYSE: ASB) announced plans to relocate its Minneapolis office to the 43rd floor of the iconic IDS Center at 80 S 8th St by Spring 2026. The move will more than double the bank's current office space, accommodating approximately 100 employees across commercial banking, real estate, and relationship management teams. Construction is set to begin in August 2025. Additionally, Associated Bank is opening a new branch in the IDS Center Crystal Court by October 2025. The bank currently maintains office space in St. Louis Park and operates 15 branches throughout the Greater Twin Cities area. This expansion demonstrates Associated's commitment to Minneapolis as a priority market and its confidence in the city's revitalization.

Positive

• More than doubling office space capacity to accommodate growth
• Strategic location in iconic downtown building enhancing visibility and accessibility
• Consolidation of branch and office operations in single premier location
• Expansion demonstrates strong commitment to Minneapolis market

Negative

• None.

Strategic relocation to IDS Center unifies new branch location and larger office space in one premier building

MINNEAPOLIS, June 12, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced it is moving its Minneapolis office to the IDS Center's 43rd floor at 80 S 8th St. The move is expected to happen in Spring 2026, and construction is expected to start in August 2025.

"The IDS Center is an iconic symbol of Minneapolis—you don't need an address to know where it is," said Paul Schmidt, Twin Cities market president at Associated Bank. "As the city continues to experience a renaissance, we're proud to invest in its momentum by bringing our team to this prominent downtown location while offering enhanced convenience and accessibility for our clients and colleagues."

Associated Bank will lease the entire 43rd floor of the IDS Center, more than doubling its current footprint at the PwC Tower. The new office will accommodate approximately 100 colleagues across several key business lines, including commercial banking, commercial real estate, and relationship management teams serving clients across the region.

"Minneapolis is a priority market for us, and we're excited to play a role in drawing people and energy back into the heart of Minneapolis," said Phillip Trier, executive vice president, head of corporate and commercial banking, Associated Bank. "This expanded footprint reflects our confidence in the city's future and our commitment to serving clients with greater convenience and capacity."

Associated Bank continues to grow its presence across the Greater Twin Cities area. Currently under construction, Associated expects to open its newest branch location in the IDS Center Crystal Court by October 2025. In addition, the bank has office space in St. Louis Park, and 15 branches in the Greater Twin Cities area.

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, VP/Senior Manager, Associated Bank: andrea.kozek@associatedbank.com

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SOURCE Associated Banc-Corp

FAQ

When will Associated Bank (ASB) move to the IDS Center in Minneapolis?

Associated Bank plans to move to the IDS Center's 43rd floor in Spring 2026, with construction starting in August 2025.

How many employees will Associated Bank's new IDS Center office accommodate?

The new office space will accommodate approximately 100 colleagues across commercial banking, commercial real estate, and relationship management teams.

How many branches does Associated Bank have in the Greater Twin Cities area?

Associated Bank operates 15 branches in the Greater Twin Cities area, plus office space in St. Louis Park.

When will Associated Bank open its new branch in the IDS Center Crystal Court?

Associated Bank expects to open its new branch location in the IDS Center Crystal Court by October 2025.

How much larger is Associated Bank's new IDS Center office compared to its current location?

The new office space in the IDS Center will more than double Associated Bank's current footprint at the PwC Tower.