Associated Banc-Corp Selling Eight Branches.GREEN BAY, Wis.--(BUSINESS WIRE)--Oct. 29, 1999-- Associated Banc-Corp Associated Banc-Corp is a bank holding company headquartered in Green Bay, Wisconsin. As of early 2007, it had $20.8 billion in assets and was the 41st largest bank holding company in the United States.[1] The company has over 5101 employees. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ASBC ASBC American Society of Brewing Chemists (St. Paul, MN) ASBC American Small Business Coalition ASBC Air and Space Basic Course (USAF) ASBC Archaeological Society of British Columbia ) has reached definitive agreements with six separate parties under which Associated plans to sell seven branches of its subsidiary, Associated Bank Illinois. The branches being sold are at Aledo, Greenville, Havana, Lewistown, Mount Zion Mount Zion celestial city. [Br. Lit.: Pilgrim’s Progress] See : Heaven , Pittsfield and Rushville, all in Illinois. In total, the branches had deposits as of Sept. 30, 1999, of $134.0 million. Additionally, Associated has sold its Sleepy Eye, Minn. office, which Associated Banc-Corp acquired in February, 1999, as part of its acquisition of Bank Windsor. The Sleepy Eye branch had deposits of $11.7 million. Associated Bank Illinois, based in Rockford, intends to focus its efforts on its remaining branches and on growing its business banking and investment management services, Associated Banc-Corp President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. Robert Gallagher Robert Gallagher is an award-winning and worldwide published magazine photographer. Born in Kensington, West London, England in 1969, and currently based in Los Angeles, California. said. "Illinois is a market filled with exciting potential for Associated," Gallagher said. "To make the most of this potential, we must concentrate our resources and attention on customers in the markets where we can add the most value. "We believe customers of the branches we are selling will benefit from being part of organizations that are strongly focused on these markets. At the same time, remaining Associated Bank customers elsewhere will benefit from the greater company emphasis on their branches." Associated expects to complete some of the branch sales in the fourth quarter of this year and some in the first quarter of 2000. Associated Banc-Corp, with total assets of $12.3 billion, is headquartered in Green Bay, Wis. Through its more than 200 banking offices and 225 ATMs, Associated serves 150 communities in Wisconsin, Illinois and Minnesota. More information on Associated Banc-Corp is available at www.associatedbank.com. |
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