Associated Bank Names Neil Riegelman as Milwaukee Market President

Associated Bank (NYSE: ASB) named Neil Riegelman as Milwaukee market president, effective April 1, 2026, succeeding John Utz who will focus on scaling the bank's national specialized industries.

Rhea-AI Summary

Associated Bank (NYSE: ASB) named Neil Riegelman as Milwaukee market president, effective April 1, 2026, succeeding John Utz who will focus on scaling the bank's national specialized industries.

Riegelman, SVP and head of Commercial Banking – Milwaukee and Madison, joined Associated in October 2023 and will continue advancing commercial growth in Southern Wisconsin.

Argus Mar 16 session

+0.45% close to close Open Argus

Details

News Market Reaction – ASB

On Mar 16, the day this news came out, ASB closed 0.45% above the previous close.

Data tracked by StockTitan Argus for the Mar 16 session.

Market Context

This announcement highlights a leadership transition aimed at reinforcing Associated Banc-Corp’s com...

Analysis

This announcement highlights a leadership transition aimed at reinforcing Associated Banc-Corp’s commercial banking focus in Milwaukee while supporting expansion of national specialty verticals. It follows record 2025 performance, described as the strongest bottom line and commercial lending year, and recent progress on the American National acquisition. Investors may watch how the new market president sustains local growth, complements specialized businesses, and fits within the broader strategic and integration roadmap.

Key Figures

Effective date: April 1, 2026 Prior appointment year: 2015 Hire date: October 2023 +1 more

Effective date

April 1, 2026

Date Neil Riegelman assumes Milwaukee market president role

Prior appointment year

2015

Year John Utz was appointed Milwaukee market president

Hire date

October 2023

Date Riegelman joined Associated to lead commercial banking

Record bottom line year

2025

Described as strongest bottom line and commercial lending year

Historical Context

5 past events · Latest: Mar 12

5 events

1. Mar 12

   Acquisition approvals

   24h Move

   -0.4%

   Regulatory approvals received to complete merger with American National Corporation.

2. Feb 02

   Investor conferences

   24h Move

   +1.6%

   Management scheduled to meet investors at three Q1 2026 events.

3. Jan 27

   Dividends & buyback

   24h Move

   +0.2%

   Declared cash dividends and authorized up to $100M common stock repurchases.

4. Jan 22

   Record earnings

   24h Move

   -3.8%

   Reported record 2025 net income and growth in loans, deposits, and NII.

5. Dec 30

   Earnings date set

   24h Move

   -0.7%

   Announced Q4 2025 earnings release date and conference call details.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MILWAUKEE, March 16, 2026 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today announced a strategic leadership transition in its Milwaukee market designed to accelerate both local growth and the continued expansion of its national verticals.

Effective April 1, Neil Riegelman, senior vice president and head of Commercial Banking – Milwaukee and Madison, will also assume the role of Milwaukee market president. He succeeds John Utz, executive vice president, Milwaukee market president and head of Specialized Industries, who will dedicate his focus to scaling the bank's nationally focused specialty businesses he also oversees.

Utz was appointed Milwaukee market president in 2015, at a pivotal time in the bank's evolution in the region. Under his leadership, Associated significantly expanded its specialized industries, commercial and corporate banking presence, strengthening its position in the market and reshaping its brand from primarily consumer-focused to a full-service financial partner.

"When I joined Associated and took on the role of market president, the directive for Milwaukee was clear: build a stronger commercial platform and expand our relevance in the market and I'm proud of what we have accomplished so far," said Utz. "Neil is a Wisconsin native who can continue to grow our Milwaukee business while I focus on growing our specialized industries across the country."

Riegelman joined Associated in October 2023 to lead the commercial banking team's business development, client relationships and related strategies for Southern Wisconsin. Associated's commercial business has had unprecedented growth, with 2025 being the strongest bottom line in the company's history and the strongest year for commercial lending.

"John's leadership has been instrumental in elevating our Milwaukee presence and building deep connections across the business community," said Riegelman. "I'm honored to step into this role and continue advancing our commercial strategy in one of our most important markets."

Riegelman earned a degree in finance from the University of Wisconsin–Oshkosh. He serves on the boards of Discovery World and Ducks Unlimited of Milwaukee and resides in Brookfield, Wis.

ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $45 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

Associated Bank Contact: Andrea Kozek
VP/Senior Manager, Public Relations
920-491-7518

View original content to download multimedia:https://www.prnewswire.com/news-releases/associated-bank-names-neil-riegelman-as-milwaukee-market-president-302714767.html

SOURCE Associated Banc-Corp

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is Neil Riegelman and what role will he hold at Associated Bank (ASB) starting April 1, 2026?

Neil Riegelman will be Milwaukee market president effective April 1, 2026. According to the company, he currently serves as senior vice president and head of Commercial Banking – Milwaukee and Madison and joined Associated in October 2023 to lead commercial growth in Southern Wisconsin.

Why is John Utz stepping back from the Milwaukee market president role at Associated Bank (ASB)?

John Utz will focus on scaling the bank's nationally focused specialized industries business. According to the company, Utz will dedicate his time to expanding specialty industries he oversees across the country.

What experience does Neil Riegelman bring to the Milwaukee market president position at Associated Bank (ASB)?

Riegelman leads commercial business development for Southern Wisconsin and has banking leadership experience. According to the company, he joined Associated in October 2023 and directs commercial lending strategy and client relationships in the region.

When did Associated Bank report its strongest commercial lending and bottom-line performance mentioned in the announcement?

Associated's commercial business had its strongest bottom line in 2025, with record commercial lending results. According to the company, 2025 was the strongest year in the bank's history for the commercial business and bottom-line performance.

How might Neil Riegelman's appointment affect Associated Bank's Milwaukee commercial strategy (ASB)?

Riegelman's appointment is intended to continue commercial expansion and client relationship growth in Milwaukee. According to the company, he aims to advance the commercial strategy in one of Associated's most important markets leveraging local ties and commercial team leadership.

What is Neil Riegelman's background and community involvement disclosed by Associated Bank (ASB)?

Riegelman holds a finance degree from University of Wisconsin–Oshkosh and lives in Brookfield, Wis. According to the company, he serves on boards including Discovery World and Ducks Unlimited of Milwaukee.