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ASSOCIATED BANC-CORP DECLARES QUARTERLY DIVIDEND

 ASSOCIATED BANC-CORP DECLARES QUARTERLY DIVIDEND
 GREEN BAY, Wis., Oct. 23 /PRNewswire/ -- Today, the Associated Banc-


Corp (NASDAQ: ASBC) board of directors declared a quarterly dividend of 22 cents ($0.22) per share of common stock. The dividend, equal to 88 cents per share on an annual basis, will result in a five-year annual compounded growth rate in dividends of 14.9 percent through the end of 1992.
 Payable on Nov. 13, 1992 to shareholders of record as of Nov. 3, 1992, the dividend is the 88th consecutive quarter Associated has paid a dividend since its origin in 1970. Associated has 11.2 million shares of common stock outstanding to approximately 4,600 registered shareholders.
 The quarterly dividend follows the company's announcement of its third quarter earnings reported at 17.6 percent higher than the net income reported for the 1991 third quarter.
 Associated Banc-Corp, headquartered in Green Bay, Wis., is a diversified multibank holding company with over 75 banking locations in Wisconsin and Illinois. The $2.84-billion company also offers a variety of financially related services including trust, leasing, insurance, mortgage and investment through other Associated affiliates.
 -0- 10/23/92
 /CONTACT: Mary K. Magyar of Associated Banc-Corp, 414-765-0638/
 (ASBC) CO: Associated Banc-Corp ST: Wisconsin IN: FIN SU: DIV


BM -- CL014 -- 4314 10/23/92 16:14 EDT
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Publication:PR Newswire
Date:Oct 23, 1992
Words:218
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