Associated announces leadership changes in two business lines

GREEN BAY, Wis., Sept. 10, 2015 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) (Associated) today announced management changes involving its executive committee.

Paul Schmidt has been promoted to deputy head of Commercial Real Estate (CRE) for Associated. Schmidt joined the company in May as executive vice president in the CRE business. He has more than 30 years of banking experience including management of multiple CRE regional lending offices for Wells Fargo. Schmidt immediately joins Associated's executive committee and will continue to report to Breck F. Hanson, head of CRE and Chicago market president.

In addition, John A. Utz, currently Associated's executive vice president and head of Corporate Banking North and Specialized Financial Services, assumes responsibility for all Corporate Banking. The company also announced that Utz has been assigned the role of Milwaukee market president.

"Paul's impressive experience in the commercial real estate field will be valuable in helping us meet our aggressive objectives for this successful business line," said Associated president and CEO, Philip B. Flynn.

"In the case of our critical Corporate Banking business, John's experience leading our northern region together with his significant success in growing our specialty lending business make him ideally positioned to take on this expanded role," Flynn said. "John's additional new assignment as Milwaukee market president formalizes his existing leadership in our efforts to grow our full portfolio of financial products and services in the Greater Milwaukee market and acknowledges his important community involvement there."

ABOUT ASSOCIATED BANC-CORPAssociated Banc-Corp (NYSE: ASB) has total assets of $27 billion and is one of the top 50, publicly traded, U.S. bank holding companies. Headquartered in Green Bay, Wis., Associated is a leading Midwest banking franchise, offering a full range of financial products and services in more than 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.

Contact: Cliff BowersSenior Vice PresidentPublic Relations Director920-491-7542 PHONE920-241-0371 CELL[email protected]

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SOURCE Associated Banc-Corp