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Press Release

Associated Banc-Corp completes purchase of risk and benefits consulting firm Ahmann & Martin Co.

Company Release - 2/17/2015 4:05 PM ET

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

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/associated-banc-corp-completes-purchase-of-risk-and-benefits-consulting-firm-ahmann--martin-co-300037092.html

SOURCE Associated Banc-Corp