Associated Bank
About The Associated Bank
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Associated Bank is a regional financial institution headquartered in Milwaukee, WI, USA. It operates over 220 banking locations, serving more than 100 communities across Wisconsin, Illinois, and Minnesota.
Established in 1861 as the First National Bank of Neenah, the bank has grown through strategic mergers and acquisitions. This includes the consolidation of affiliated banks into Associated Bank, N.A.
Financial Services
The bank offers a comprehensive suite of financial services, including retail banking, commercial banking, commercial real estate lending, private banking, and specialized financial services.
Retail banking covers various checking and savings accounts, credit cards, and personal loans. For businesses, it provides commercial banking solutions, specialized lending, and commercial real estate lending.
Additionally, Associated Bank offers private banking, wealth management, asset management, and investment banking services.
Property and Expansion
In 2016, Associated Bank acquired the Milwaukee Center, a 28-story office building in Milwaukee, Wisconsin. It was subsequently renamed the Associated Bank River Center.
This acquisition highlights the bank's commitment to expanding its presence in key markets.
Financial Strength and Regulation
As of October 19, 2023, the bank reported assets totaling $42 billion, making it the largest bank holding company based in Wisconsin.
The bank employs approximately 4,200 individuals and is regulated by the Office of the Comptroller of the Currency within the Department of the Treasury.
It is also a member of the Federal Deposit Insurance Corporation, the Federal Reserve Bank of Chicago, and the Federal Home Loan Bank of Chicago.
Community Engagement
Associated Bank has established partnerships with local sports teams and institutions, reflecting its dedication to supporting regional communities.
- Partnership with the Milwaukee Brewers
- Collaboration with the University of Wisconsin-Madison Athletics
- Support for the Minnesota Wild
Overview
Overall, Associated Bank's extensive range of financial services, strategic growth initiatives, and active community involvement position it as a significant player in the Midwest’s financial landscape.