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ASSOCIATED BANC-CORP INCREASES QUARTERLY DIVIDEND

 ASSOCIATED BANC-CORP INCREASES QUARTERLY DIVIDEND
 GREEN BAY, Wis., July 22 /PRNewswire/ -- The board of directors of


Associated Banc-Corp (NASDAQ: ASBC) has voted to raise its quarterly dividend to 22 cents per share of common stock. This is a 10 percent increase over the company's previous quarterly dividend of 20 cents per share. The increased dividend is equal to 88 cents per share on an annual basis. This increase will result in a five-year annual compounded growth rate in dividends through the end of 1992 of 14.9 percent.
 The dividend is payable Aug. 14, 1992 to shareholders of record as of Aug. 4, 1992, and is the 87th consecutive quarter Associated has paid a dividend since its origin in 1970. With the completion of the acquisitions of the F&M Financial Services Corp., Menomonee Falls, Wis. and Northeast Wisconsin Financial Services Inc., Sturgeon Bay, Wis., Associated has over 11.1 million shares of common stock outstanding and approximately 5,100 shareholders.
 Associated Banc-Corp is a diversified multibank holding company headquartered in Green Bay, Wis., with 74 banking locations in Wisconsin and Illinois. The $2.8 billion company offers trust, leasing, insurance, correspondent, and real estate, investment and mortgage brokerage services.
 -0- 7/22/92
 /CONTACT: Mary K. Magyar of Associated Banc-Corp, 414-765-0638/
 (ASBC) CO: Associated Banc-Corp ST: Wisconsin IN: FIN SU: DIV


TM -- NY123 -- 2199 07/22/92 19:16 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 22, 1992
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