Associated Banc-Corp announces balance sheet repositioning to support organic growth strategy
Associated Banc-Corp (ASB)
NASDAQ:AMEX Investor Relations:
investor.associatedbank.com
Company Research
Source: PR Newswire
GREEN BAY, Wis., Dec. 4, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today announced balance sheet repositioning transactions to accelerate the Company's organic growth strategy. Pursuant to the terms of the transactions, Associated sold approximately $1.3 billion of investment securities and has agreed to sell approximately $0.7 billion in mortgage loans, primarily in single-product relationships. The sale of the mortgage loans is expected to close in the first quarter of 2025."We are now three years into an organic growth strategy that has provided tailwinds across our company, including improved customer satisfaction, net household growth, and an infusion of talent in key areas," said President and CEO Andy Harmening. "This balance sheet repositioning supports and accelerates our organic strategy by enhancing our earnings profile, boosting capital, and providing additional capacity for loan growth. As we continue to execute on our plan going forward, we feel well-position
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ASB
News
- Associated Bank Welcomes Four Additional Relationship Managers to Support Ongoing Commercial Banking Expansion [Yahoo! Finance]Yahoo! Finance
- Associated Bank Welcomes Four Additional Relationship Managers to Support Ongoing Commercial Banking ExpansionPR Newswire
- Associated Banc-Corp (NYSE: ASB) had its price target raised by analysts at Barclays PLC from $27.00 to $28.00. They now have an "equal weight" rating on the stock.MarketBeat
- Associated Banc-Corp Decreases Prime Rate [Yahoo! Finance]Yahoo! Finance
- Associated Banc-Corp Decreases Prime RatePR Newswire
ASB
Earnings
- 10/24/24 - Beat
ASB
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- ASB's page on the SEC website