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ASSOCIATED BANC-CORP COMPLETES MERGER OF NORTHEAST WISCONSIN FINANCIAL SERVICES

 ASSOCIATED BANC-CORP COMPLETES MERGER OF
 NORTHEAST WISCONSIN FINANCIAL SERVICES
 GREEN BAY, Wis., May 29 /PRNewswire/ -- Shareholders of Northeast Wisconsin Financial Services, parent of First National Bank of Sturgeon Bay, Wis., formally approved the merger of the one-bank holding company with Associated Banc-Corp (NASDAQ/ASBC) today. The merger was completed immediately thereafter.
 Under the terms of the merger, Northeast shareholders will receive 2.85 shares of Associated common stock for each share of Northeast stock owned.
 Robert C. Gallagher, executive vice president of Associated Banc Corp said, "The merger complements Associated's strategic goal to provide comprehensive financial services in key markets throughout Wisconsin. First National Bank's offices expand our banking network into Door County and strengthen our position in northeast Wisconsin."
 Eugene Ackatz, president and chief executive officer of First National Bank commented, "Our employees and shareholders will greatly benefit from our affiliation with Associated. In addition, joining the Associated group of banks significantly enhances the products and services available to our customers."
 With the completion of the merger, Associated now has 74 full service banking locations in Wisconsin and Illinois with nearly $2.9 billion in assets. In addition to traditional banking services, Associated Banc-Corp offers trust, insurance, leasing, correspondent and investment, mortgage and real estate brokerage services.
 -0- 5/29/92
 /CONTACT: Mary Magyar, 414-765-0638; or Robert Gallagher, 414-433-3001, for FSC Group Inc./
 (ASBC) CO: Northeast Wisconsin Financial Services; Associated Banc-Corp ST: Wisconsin IN: FIN SU: TNM


PS -- NY084 -- 5408 05/29/92 21:35 EDT
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Publication:PR Newswire
Date:May 29, 1992
Words:247
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