Welcome to our dedicated page for Associated Banc news (Ticker: ASB), a resource for investors and traders seeking the latest updates and insights on Associated Banc stock.
Associated Banc-Corp operates as a Wisconsin-based bank holding company serving consumers, businesses, municipalities, developers, not-for-profits and financial institutions through Associated Bank. News about ASB commonly covers operating and financial results, loan and deposit trends, credit performance, investor presentations and updates across commercial, community banking, consumer banking and risk-management activities.
Company updates also include specialty banking expansion, private banking and wealth-related initiatives, community investment programs tied to affordable housing, capital-structure disclosures and governance matters. Associated’s business mix includes corporate and commercial specialty banking, community and business banking, and shared risk-management services across its Midwest banking franchise.
On June 30, 2020, Associated Banc-Corp (NYSE: ASB) announced the completion of the sale of Associated Benefits & Risk Consulting (ABRC) to USI Insurance Services. This transaction is expected to generate a pre-tax book gain of approximately $165 million for the second quarter of 2020. ABRC, a Midwest-based consulting firm with 400 employees, offers various insurance and consulting services. USI is a major player in the insurance brokerage sector, enhancing its service capabilities with the acquisition.
Associated Banc-Corp (NYSE: ASB) is set to release its second quarter 2020 financial results on July 23, 2020, after market close. A conference call for investors and analysts will occur at 4:00 p.m. CT on the same day. The company has total assets of $34 billion and operates over 240 banking locations across the Midwest. Interested parties can access the call via the company's website or dial in for participation. The financial tables and a presentation will be available online prior to the call.