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Associated Banc-Corp · Green Bay, WI United States ·(NASDAQ (GS): ASBC)

Company Description

1200 Hansen Rd.
Green Bay, WI
54304
United States (Map)
Phone: 920-491-7000
Fax: 920-491-7090
Rankings
  • S&P 400
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A lot of Midwesterners are associated with Associated Banc-Corp, the holding company for Associated Bank, which operates approximately 300 banking offices in communities in Illinois, Minnesota, and Wisconsin. Targeting individuals and local businesses, the bank offers deposit accounts, credit and debit cards, and asset management services. Other activities include insurance, brokerage, mortgage banking, and leasing. It also administers pension, profit-sharing, and employee benefits plans and trusts. Commercial loans, including agricultural, construction, and real estate loans, make up some two-thirds of the bank's loan portfolio, which also includes residential mortgages, consumer loans, and home equity loans. To read the full description, subscribe now.

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Key Associated Banc-Corp Financials

Company TypePublic - NASDAQ (GS): ASBC

Headquarters
Fiscal Year-EndDecember
2008 Sales (mil.)$981.8
2008 Employees5,140

Associated Banc-Corp Executives

31 executives listed for Associated Banc-Corp's Green Bay, WI location.
TitleName & BioContact
Chairman and CEOPaul BeidemanNetwork
EVP and CFO; EVP and CFO, Associated Bank, National AssociationJoseph SelnerNetwork
EVP, CIO, and Director, Operations and Technology, Associated Banc-Corp and Associated Bank, National AssociationMark QuinlanNetwork

Competition

Competitive Landscape for Associated Banc-Corp
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.
Top Associated Banc-Corp Competitors
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