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Associated Banc-Corp (NYSE: ASB) delivers essential financial services through its Midwest banking network and specialized commercial solutions. This news hub provides investors and stakeholders with timely updates on corporate developments, regulatory changes, and strategic initiatives shaping this regional banking leader.
Access verified press releases covering earnings announcements, leadership updates, and operational expansions. Our curated collection simplifies tracking ASB's progress in commercial lending, risk management innovations, and community banking services across Wisconsin, Illinois, and Minnesota.
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Associated Banc-Corp (NYSE:ASB) announced the redemption of its 3.500% Fixed Rate Senior Notes due 2021, totaling $300 million. The redemption will be executed on July 13, 2021, at 100% of the principal amount plus accrued interest. Associated Banc-Corp, Wisconsin's largest bank holding company with total assets of $35 billion, operates more than 220 banking locations across several states, offering a diverse range of financial services.
Associated Banc-Corp (NYSE: ASB) reported a first quarter 2021 net income of $89 million or $0.58 per share, a significant increase from $62 million in Q4 2020 and $42 million in Q1 2020. Average loans rose by 5% to $24.5 billion, while average deposits increased by 10% to $26.8 billion. Noninterest expenses decreased by 9%, but net interest income fell by 13%. The company facilitated $293 million in new PPP loans and expects modest loan growth for 2021.
Associated Banc-Corp (NYSE: ASB) will meet with investors at several upcoming events, including the Stephens Inc. Virtual Chicago Bank Field Trip on May 6, 2021, the Wells Fargo Securities Virtual Financial Services Investor Conference on May 19-20, 2021, and the Truist Securities Virtual Financial Services Conference on May 25-26, 2021. A second quarter investor presentation will be available on their website before these events. Associated Banc-Corp operates over 220 locations across Wisconsin, Illinois, and Minnesota, offering extensive financial services.
Associated Banc-Corp announced a landmark $3.37 billion Community Commitment Plan on April 7, 2021, representing a 40% increase from its previous plan. This three-year initiative aims to support communities across Wisconsin, Minnesota, and Illinois through various financial services and investments. Key commitments include $2.4 billion for residential mortgages, $350 million for small business loans, and $600 million for community development. The plan is a continuation of previous successful efforts, aiming to enhance access to financial products for low-to-moderate-income and minority communities.
Associated Banc-Corp (NYSE: ASB) will announce its first quarter 2021 financial results on April 22, 2021, after market close. A conference call for investors is scheduled for the same day at 4:00 p.m. CT, which can be accessed via the company's website or by phone. Associated Banc-Corp, headquartered in Green Bay, Wisconsin, has total assets of $33 billion and operates over 220 banking locations across multiple states, providing a wide range of financial products and services.
Associated Banc-Corp (NYSE: ASB) has appointed Andrew J. Harmening as the new president and CEO, effective April 28, 2021. Harmening, previously with Huntington Bank, brings over 25 years of banking experience and a proven record in driving profitable growth and enhancing customer experience. He will succeed Philip B. Flynn, who is retiring after nearly 12 years. Flynn will assist Harmening during the transition. The Board expresses gratitude for Flynn's leadership through key challenges, including the Great Recession and the COVID-19 pandemic.
Associated Banc-Corp (NYSE: ASB) will participate in the 2021 RBC Capital Markets Global Financials Conference on March 9-10, 2021. Key executives, including President and CEO Philip Flynn and CFO Christopher J. Del Moral-Niles, will engage with investors. An investor presentation will be available on the company's website prior to the event. Associated Banc-Corp, headquartered in Green Bay, Wisconsin, is a leading Midwest bank holding company operating over 220 locations across multiple states.
On February 2, 2021, Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.18 per common share, payable on March 15, 2021, to shareholders recorded by March 1, 2021. Additionally, dividends for depositary shares of its preferred stock were announced: $0.3828125 for Series C, $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, all payable on the same date. Associated Banc-Corp holds assets of $33 billion and operates over 220 banking locations across multiple states.
Associated Banc-Corp (NYSE: ASB) announced that its president and CEO, Philip B. Flynn, will retire at the end of 2021. The Board of Directors has begun a search for a successor, assisted by Diversified Search Group, and Flynn will remain until a replacement is appointed. Flynn, who has led the company for 11 years, emphasized a focus on customer service and organizational recovery following the Great Recession. The bank operates with total assets of $33 billion and significant presence in the Midwest, providing a wide array of financial services across several states.
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