GREEN BAY, Wis., Aug. 13, 2015 /PRNewswire/ -- The United
States Department of Agriculture (USDA) rural development
Wisconsin state director,
Stan Gruszynski, recently announced
Associated Bank as a recipient of the Platinum Million Dollar
Lender Award.
The Award is presented to lenders who have made a significant
contribution to assisting Wisconsin rural residents achieve the dream of
homeownership, in partnership with USDA Rural Development and the
Guaranteed Rural Housing (GRH) Program.
With the Rural Development guarantee, lenders can offer 100
percent financing with no required down payment, no maximum
purchase price, competitive fixed market interest rates and 30-year
terms. The program includes flexible credit guidelines and generous
income limits.
In fiscal year 2014, Associated Bank utilized more than
$5 million of GRH program funds by
financing home purchases to help moderate income families in
Wisconsin. More than 3,200
families across Wisconsin were
able to purchase a home last year through the GRH loan program,
totaling nearly $415 million.
"This award is testament to the strong and productive working
relationship our agency has with Associated Bank here in
Wisconsin," said Gruszynski.
"Because of this partnership, more families are able to realize the
benefit of homeownership while strengthening the economies of
Wisconsin's rural
communities."
The Million Dollar Lender Award is presented at three levels
based on the total of funding utilized Silver, Gold, and Platinum;
Silver level utilized more than $1
million, Gold level utilized more than $2 million, and Platinum level utilized more than
$5 million during the past year.
Associated has been recognized in various award levels each year
since the inception of the GRH program in 2003.
"Associated Bank is pleased to accept this recognition and even
more pleased to have helped so many families in Wisconsin own their own home through GRH loan
program last year," said Dave Bauer,
senior vice president and director of Associated mortgage sales.
"Associated is committed to our partnership with the GRH program to
provide affordable interest rates and loan terms to borrowers in
the communities we serve."
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.
Contact: Cliff Bowers
SVP/Director of Public Relations
920-491-7542
Clifford.bowers@associatedbank.com
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SOURCE Associated Banc-Corp