GREEN BAY, Wis., Feb. 17, 2015 /PRNewswire/ -- Associated
Banc-Corp (NYSE: ASB) ("Associated") announced today that it has
closed the previously announced acquisition of Ahmann & Martin
Co., a leading risk and benefits consulting firm in Minnesota through a merger with and into
Associated's subsidiary, Associated Financial Group, LLC.
Associated Financial Group, LLC. is a leading benefits
specialist firm with more than 240 insurance specialists across
Associated's three-state footprint and generating over $49 million of annualized insurance-related
revenues. It provides employee benefits, business insurance and
human resource consulting, and select individual/private insurance
services. Ahmann & Martin Co. adds a range of complementary
financial services such as employee benefits, risk management, and
business insurance with specialization in industry-specific
solutions.
Based on 2013 pro forma revenues, Associated believes the
combination of Ahmann & Martin Co. and Associated Financial
Group, LLC. will position it among the
United States' top 50 insurance brokerage firms. Together,
the firms will employ more than 370 colleagues and serve
approximately 14,000 clients.
ABOUT ASSOCIATED BANC-CORP
Associated 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 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
Statements made in this press release 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 Associated'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 Associated's actual results to differ materially from those
contained in such forward-looking statements include those
identified in the Associated's most recent Form 10-K and subsequent
SEC filings. Such factors are incorporated herein by
reference.
Media Contact: Cliff
Bowers
920-491-7542
Clifford.bowers@associatedbank.com
Investor
Contact: Brian
Klaus
920-491-7059
Brian.klaus@associatedbank.com
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SOURCE Associated Banc-Corp