Market primed for accelerated growth through new, Engage
Local initiative
MINNEAPOLIS, July 14,
2022 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB)
today announced the appointment of Paul
Schmidt to the role of Twin
Cities market president. The company also announced plans
for the expansion of its market commitment and accelerated growth
through its new Engage Local initiative.
"With approximately $2.5 billion
in deposits1, Minnesota
is Associated Bank's third-largest footprint. Given its strong
economy and diverse set of industries, this market has tremendous
opportunity for growth," said Andy
Harmening, president and CEO, Associated Bank. "I can't
think of a better person to serve as our market president and lead
these efforts than Paul Schmidt. As
a veteran of the commercial finance business and highest-ranking
colleague in the Twin Cities, he
knows and is committed to the success of this market."
Schmidt joined Associated Bank in 2015 and has nearly 40 years
of banking experience. In addition to the role of market president,
he will continue to serve as the company's head commercial real
estate and facilities and as a member of the executive leadership
team.
His appointment comes following the successful implementation of
multiple corporate-level initiatives focused on the expansion of
the company's core lending capabilities, growth of its core
businesses and people-first, digital-forward strategies.
"These strategic plans are already well into the execution
phase, and we are seeing encouraging results across the board,"
said Harmening. "Now, we are charting the future of our business on
a regional level, with our new Engage Local initiative."
In this expanded role, Schmidt will provide leadership for the
market, which includes approximately 200 colleagues across 17
locations. Associated has operated in the market since the mid-90s
and offers a full array of consumer, wealth management, commercial
banking and commercial real estate products and services to the
bank's customer base.
Schmidt will also lead the Twin
Cities regional leadership team in prioritizing efforts for
the market. This ground-up approach takes areas of the business
that are important to the company – sales, marketing, charitable
giving, volunteerism and culture – and empowers colleagues to bring
them to life at the local level.
"To grow the business, we must respond to – and ideally,
anticipate our colleague, customer and community needs," said
Schmidt. "Given our size and strength in the market, we are well
positioned to focus on opportunities to grow our business while
making Associated Bank a stronger partner for our customers and the
community."
Associated Bank launched its Engage Local initiative in the
greater Twin Cities market in the
second quarter.
More information is available in the Associated Bank
newsroom.
1$2.5 billion
in deposits as of the FDIC data published annually
ABOUT ASSOCIATED
BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of
$35 billion and is Wisconsin's largest bank holding
company. 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.
Media Contact: Jennifer
Kaminski
Vice President | Public Relations Senior
Manager
920-491-7576 | Jennifer.Kaminski@AssociatedBank.com
Investor Contact: Ben
McCarville
Vice President | Director of Investor
Relations
920-491-7059 | Ben.McCarville@AssociatedBank.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/associated-bank-appoints-twin-cities-market-president-paul-schmidt-301586181.html
SOURCE Associated Banc-Corp