GREEN BAY, Wis., Feb. 1, 2018 /PRNewswire/ -- Associated
Banc-Corp (NYSE: ASB) ("Associated") today announced it has closed
its acquisition of Bank Mutual Corporation (Nasdaq: BKMU) ("Bank
Mutual") having merged Bank Mutual into Associated. Associated
expects to merge Bank Mutual's banking subsidiary with and into
Associated's banking subsidiary, Associated Bank, N.A., in late
June or July 2018.
"We look forward to welcoming employees of Bank Mutual to
Associated Bank. Our teams are working together to make this
transition as smooth as possible for customers," said Philip B. Flynn, Associated President and CEO.
"I am excited for the opportunity to drive growth for our
shareholders and providing increasing value for our customers and
the communities we serve."
Customers will continue to use their Bank Mutual accounts and
other banking services until the merger with Associated Bank, N.A.,
when accounts are expected to convert to Associated. Associated
will communicate directly to Bank Mutual customers beginning in
February about conversion plans.
About Associated Banc-Corp
Associated Banc-Corp (NYSE:
ASB) has total assets of $30 billion
and is one of the top 50 publicly traded U.S. bank holding
companies. Headquartered in Green
Bay, Wisconsin, Associated is a leading Midwest banking
franchise, offering a full range of financial products and services
from over 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.
Forward Looking Statements
This press release contains
"forward-looking statements" Statements made in this presentation
which are not purely historical are forward-looking statements, as
defined in the Private Securities Litigation Reform Act of 1995.
This includes any statements regarding management's plans,
objectives, or goals for future operations, products or services,
and forecasts of its revenues, earnings, or other measures of
performance. Such forward-looking statements may be identified by
the use of words such as "believe," "expect," "anticipate," "plan,"
"estimate," "should," "will," "intend," "outlook" or similar
expressions. Forward-looking statements are based on current
management expectations and, by their nature, are subject to risks
and uncertainties. Actual results may differ materially from those
contained in the forward-looking statements. Factors which may
cause actual results to differ materially from those contained in
such forward-looking statements include those identified in the
Company's most recent Form 10-K and subsequent SEC filings.
Media Contact: Jennifer
Kaminski, 920-491-7576,
Jennifer.Kaminski@associatedbank.com
Investor Contact: Jessica
VandenHeuvel, 920-491-7059,
Jessica.VandenHeuvel@associatedbank.com
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SOURCE Associated Banc-Corp
