Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Flynn Leads Associated Out of Slump
Posted on December 25th, 2011 No commentsWhen Philip B. Flynn became chief executive of the parent company of Associated Bank last December, Associated Banc-Corp’s loan portfolio was ailing and the company was headed toward a losing quarter. The company’s stock price was down 45% for the year. But a year later, Associated appears to have emerged from its slump. Read more in the Milwaukee Journal Sentinel. -
Associated Expands Into Indiana
Posted on February 18th, 2011 No commentsAssociated Bank is expanding operations to Indiana with a loan production office. Associated Bank has operations in other regional cities including Minneapolis, Chicago, Milwaukee and St. Louis. The bank operates in 281 locations in Wisconsin, Illinois and Minnesota, according to the Green Bay Press-Gazette. -
Is Associated Raiding M&I Staff?
Posted on February 16th, 2011 No comments“Is Associated Bank raiding M&I Bank’s talent pool as M&I professionals await their fates under new owner BMO Financial?” asks Business Journal Rich Kirchen in the Milwaukee Biz Talk blog. -
Associated, Baylake Execs Optimistic
Posted on February 13th, 2011 No commentsTwo Green Bay-area banks are looking forward to returning to prosperity. “We are hugely liquid. We’ve fixed the problems largely, and now we need to grow the company,” said Philip Flynn, president and CEO of Associated Bank. “There still are challenges out there, but not as many,” said Robert Cera, president and CEO of Baylake Bank.” Read more about their strategies in the Green Bay Press-Gazette. -
Associated Names New SVP for Western Wis.
Posted on February 10th, 2011 No commentsTim Kotnour has been promoted to senior vice president, business segment leader in commercial banking at Associated Bank. He is responsible for leading Associated’s Wisconsin western region commercial banking group, which includes Madison, La Crosse, Eau Claire and Rockford, Ill., the Wisconsin State Journal reported. -
Air Force Reserve Honors Manager
Posted on February 10th, 2011 No commentsAn agency of the Department of Defense will honor Michael DeBay of Associated Bank with a Patriot Award for his support of employee Keith Haselton, who serves in the United States Air Force Reserve, according to WSAW.com. -
Associated Reports Profitable Quarter
Posted on January 21st, 2011 No commentsGreen Bay-based Associated Banc-Corp reported net income of $6.6 million, or 4 cents per common share, for the fourth quarter of 2010. It was the second consecutive profitable quarter for Associated Bank, according to the Small Business Times.
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Analyst Compares NFL Teams, Banks
Posted on January 6th, 2011 No commentsIf Green Bay-based Associated Bank were an NFL team, it would beat the bank from the hometown of the Philadelphia Eagles. That is the analysis of Philip van Doorn, a member of TheStreet’s banking and finance team. He posted a piece on TheStreet.com handicapping this weekend’s NFL playoffs based on hometown banks of all the teams playing in the games. Read more in the Milwaukee BizTalk blog. -
Lau Named EVP at Associated Bank
Posted on December 20th, 2010 No commentsAssociated Banc-Corp. announced that Timothy Lau will succeed Mark McMullen as executive vice president, head of Wealth Management for Associated Banc-Corp and Associated Bank N.A. Lau will be based in Green Bay. McMullen becomes vice chairman of Associated Bank, the Small Business Times reported.
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Banks, Harley Participated in Fed Programs
Posted on December 4th, 2010 No commentsWhen the Federal Reserve unleashed a barrage of programs in 2008 to try to prevent the collapse of the financial system, a handful of Wisconsin firms – mostly banks, but the state’s perhaps best-known company as well – opted in. Of the more than 21,000 loans and other transactions the Fed made during the financial crisis, at least nine state financial institutions – including Wisconsin’s two biggest banks – and Milwaukee motorcycle maker Harley-Davidson Inc. used some of the emergency measures. Read the Milwaukee Journal Sentinel article.