Associated Declares Dividend, Describes Opportunities to Shareholders.GREEN BAY, Wis.--(BUSINESS WIRE)--April 28, 1999-- The directors of 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 ), following today's annual shareholder meeting, declared a regular cash dividend of $.29 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , payable May 17, 1999 to shareholders of record May 3. The annual meeting featured management's report on the company's progress in utilizing its core strengths to grow revenue and meet its strategic goals well into the coming century. Associated Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. H.B. Conlon and company 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. focused on opportunities Associated is embracing as a result of its technology improvements, expanded distribution systems and market segmentation Market Segmentation A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will respond similarly to a marketing action. efforts. "All companies have challenges but Associated's future potential is excellent and its franchise has been strengthened by our recent initiatives," Conlon told more than 300 shareholders at the Grand Opera House in Oshkosh. In describing how Associated will continue to thrive in a rapidly evolving financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. marketplace, Conlon said, "We need to identify those customer segments through which Associated can achieve a significant competitive advantage over its competitors, and which are most compatible with our capabilities," Conlon said. He highlighted initiatives that have improved the performance of Associated's retail banking segment, and described strong growth in the company's investment management segment. He also mentioned the potential for the company's insurance business, where pending legislation is likely to provide a significant opportunity to leverage the company's existing customer base. Conlon also said the company's acquisition strategy is key to meeting its objectives. "We need to continue to utilize mergers and acquisitions of financial service companies to acquire additional customer bases, create new markets for our services and to enhance earnings growth," he said. Gallagher described the opportunities to use emerging distribution channels to meet varying customer needs, and noted the need to offer a balance between convenience of new technologies and power of face-to-face personal relationships. "Talented people ... remain the strength of Associated. Our challenge is to understand our customers' needs and to make sure they have service, convenience and accessibility when they want it, and also have a personal touch and attention when they want it - plus everything in-between," Gallagher said. Associated Banc-Corp 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.assocbank.com. This news release contains forward-looking statements that involve a number of risks and uncertain ties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are interest rates, changes in the mix of the company's business, competitive pressures, general economic conditions and risk factors detailed in the company's period reports and registration statements filed with the Securities and Exchange Commission. |
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