GREEN BAY, Wis., Nov. 14, 2024 /PRNewswire/ -- Associated Banc-Corp ("Associated") (NYSE: ASB) today announced the pricing of a public offering of 12,000,000 shares of its common stock, $0.01 par value (the "Common Stock"), at a public offering price of $25.00 per share, for aggregate gross proceeds of $300 million.
In addition, Associated Banc-Corp has granted the underwriters an option to purchase up to an additional 1,800,000 shares of its Common Stock for 30 days following the date of this pricing. The offering is expected to close on November 18, 2024, subject to the satisfaction of customary closing conditions.
GREEN BAY, Wis., Nov. 14, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today announced a proposed public offering of 11,500,000 shares of its common stock, $0.01 par value (the "Common Stock").
In addition, Associated Banc-Corp ("Associated") expects to grant the underwriters for the offering an option to purchase up to an additional 1,725,000 shares of its Common Stock sold in the offering for 30 days following the date of the pricing of the offering.
Associated expects to use the net proceeds from this offering for general corporate purposes to support continued organic growth and capital generation, which may include investments in Associated Bank, N.A. and potential balance sheet optimization strategies.
GREEN BAY, Wis., Oct. 30, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) announced today that Management expects to meet with investors during the Piper Sandler East Coast Financial Services Conference in Naples, FL on November 13-15, 2024.
Fourth quarter investor materials are expected to be made available prior to the event and can be accessed through the Investor Relations section of the Company's website at http://investor.associatedbank.com.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $42 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.
MILWAUKEE, Oct. 30, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") announced today the appointment of Phillip Trier and Gregory Warsek to its Executive Leadership Team (ELT), effective November 1, 2024.
Phillip Trier, 46, will be executive vice president, head of Corporate and Commercial Banking, reporting directly to President and CEO Andy Harmening. Trier joined the company in December 2023 to accelerate core Commercial Middle Market business development across the company's major metropolitan markets and lead its equipment finance and leasing vertical, and commercial deposit and treasury management sales and service strategies. In his elevated role, Trier will lead all aspects of Associated's Commercial banking, creating a unified structure to ensure alignment across this business line and will continue to be based in the Twin Cities.
GREEN BAY, Wis., Oct. 29, 2024 /PRNewswire/ -- The Board of Directors of Associated Banc-Corp (NYSE: ASB) ("Associated") today declared a regular quarterly cash dividend of $0.23 per common share, payable on December 16, 2024, to shareholders of record at the close of business on December 2, 2024. This is an increase of $0.01 from the previous quarterly dividend of $0.22 per common share.
The Board of Directors also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Series E Perpetual Preferred Stock, payable on December 16, 2024, to shareholders of record at the close of business on December 2, 2024.
GREEN BAY, Wis., Oct. 24, 2024 /PRNewswire/ --Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $85 million, or $0.56 per common share, for the quarter ended September 30, 2024. These amounts compare to earnings of $113 million, or $0.74 per common share, for the quarter ended June 30, 2024 and earnings of $80 million, or $0.53 per common share, for the quarter ended September 30, 2023.
"In the first nine months of 2024, we've remained squarely focused on executing Phase 2 of our strategic growth plan, and the financial tailwinds have started to emerge here in the third quarter," said President and CEO Andy Harmening. "During the quarter, we drove nearly $400 million in balanced loan growth and over $600 million in core customer deposit1 growth, which enabled us to decrease our reliance on wholesale funding and expand our margin. We also saw strong credit performance again during the quarter, helping us to deliver solid bottom line results for our shareholders."
Rick Bruhn joins bank as senior vice president and head of Specialty Deposits and Payment Solutions
MILWAUKEE, Oct. 22, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) (Associated) Rick Bruhn has joined Associated Bank as senior vice president and head of the Specialty Deposit and Payment Solutions national vertical. Bruhn is responsible for collaborating with internal and external partners to build this new business vertical within the bank. In addition, he is responsible for driving the specialty deposits and payment solutions strategy and team that aligns with the bank's growth goals by driving new client acquisition and helping fund the growth of the overall enterprise.
GREEN BAY, Wis., Sept. 26, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today announced it expects to release third quarter 2024 financial results on Thursday, October 24, 2024, after market close. The Company also expects to host a conference call for investors and analysts at 4:00 p.m. Central Time (CT) on the same day.
Interested parties can access the live webcast of the call through the Investor Relations section of the Company's website, http://investor.associatedbank.com. Parties may also dial into the call at 877-407-8037 (domestic) or 201-689-8037 (international) and request the Associated Banc-Corp third quarter 2024 earnings call. The financial tables and an accompanying slide presentation are expected to be available on the Company's website just prior to the call. An audio archive of the webcast is expected to be available on the Company's website approximately fifteen minutes after the call is over.
GREEN BAY, Wis., Sept. 18, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB), the holding company for Associated Bank, N.A., announced today it has decreased the bank's prime rate from 8.50 percent to 8.00 percent, effective September 19, 2024.
ABOUT ASSOCIATED BANC-CORP Associated Banc-Corp (NYSE: ASB) has total assets of $41 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 more than 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.
GREEN BAY, Wis., Aug. 13, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) announced today that Management expects to meet with investors during the Raymond James U.S. Bank and Banking on Tech Conferences in Chicago, IL on September 4-5, 2024.
Management also expects to meet with investors during the Barclays Global Financial Services Conference in New York, NY on September 9-11, 2024, and expects to make a presentation during the conference on September 10, 2024 at 10:30 a.m. ET. Interested parties can access a live webcast of the presentation through the Investor Relations section of the Company's website at http://investor.associatedbank.com. A replay of the presentation is expected to be accessible for 90 days after the presentation date.
GREEN BAY, Wis., June 28, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") announced today that Tammy C. Stadler, 58, Executive Vice President, Corporate Controller and Chief Accounting Officer, will retire from those positions effective July 15, 2024. Stadler will remain with Associated in a consultative capacity until September 1, 2024, to assure a successful transition of her duties. Stadler will be succeeded as Corporate Controller and Chief Accounting Officer by Ryan Beld, 35.
GREEN BAY, Wis., June 26, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today announced it expects to release second quarter 2024 financial results on Thursday, July 25, 2024, after market close. The Company also expects to host a conference call for investors and analysts at 4:00 p.m. Central Time (CT) on the same day.
Interested parties can access the live webcast of the call through the Investor Relations section of the Company's website, http://investor.associatedbank.com. Parties may also dial into the call at 877-407-8037 (domestic) or 201-689-8037 (international) and request the Associated Banc-Corp second quarter 2024 earnings call. The financial tables and an accompanying slide presentation are expected to be available on the Company's website just prior to the call. An audio archive of the webcast is expected to be available on the Company's website approximately fifteen minutes after the call is over.
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