Associated Banc-Corp Preferred Stock 6.625% Callable 03/01/2033 (ASBA)

Overview

Founded in 1861 and headquartered in Green Bay, Wisconsin, Associated Banc-Corp operates as a bank holding company offering a comprehensive suite of banking and nonbanking products and services. It caters to individuals and businesses largely within Wisconsin, Illinois, and Minnesota. The organization structures its offerings across three primary segments: Corporate and Commercial Specialty; Community, Consumer, and Business; and Risk Management and Shared Services. With a commitment to facilitating financial growth and stability for its clients, Associated Banc-Corp managed a substantial network of 215 banking branches as of December 31, 2021.

Products and Services

Corporate and Commercial Specialty: This segment includes a wide variety of solutions designed to meet the needs of businesses. Key offerings are:

• Lending Solutions: Comprising commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset-based lending, and loan syndications tailored to support businesses in their growth and operational finance.
• Deposit and Cash Management: Featuring commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, as well as payables and receivables solutions, and information services designed for efficient cash flow management.
• Specialized Financial Services: Offering interest rate risk management, foreign exchange solutions, and commodity hedging to protect against financial market uncertainties.
• Fiduciary Services: Covering the administration of pension, profit-sharing, and other employee benefit plans, fiduciary and corporate agency services, and institutional asset management to help businesses manage and optimize their employee benefit programs and other financial assets.
• Investable Funds Solutions: Includes savings, money market deposit accounts, IRA accounts, CDs, fixed and variable annuities, and a range of brokerage and investment advisory services, trust, and investment management accounts to support investment goals.

Community, Consumer, and Business: This segment offers a broad array of products geared towards individual consumers and small businesses, which include:

• Lending Solutions: Ranging from residential mortgages, home equity loans and lines of credit, personal and installment loans, auto loans, to business loans and business lines of credit that cater to the diverse financing needs of consumers and small enterprises.
• Deposit and Transactional Solutions: Offering checking, credit, debit, and pre-paid cards, along with online banking and bill pay, and money transfer services to meet the day-to-day financial transaction needs.