GREEN BAY, Wis.--(BUSINESS WIRE)--
The Board of Directors of Associated Banc-Corp (NASDAQ: ASBC) announced
today that it has retained a national executive search firm to conduct a
search for a CEO. The Board expects to hire a new CEO before year end
2009. Concurrently, Paul S. Beideman announced today that he will retire
as Chairman, director and CEO upon the hiring of his successor and will
remain at Associated until February 1, 2010 to facilitate the CEO
transition.
"The Board wishes to thank Mr. Beideman for his many contributions to
Associated during his tenure," said William R. Hutchinson, Lead Director.
"I value the many relationships formed while serving as Associated's
CEO," said Beideman. "I look forward to supporting the Board in this
important transition."
Associated Banc-Corp, headquartered in Green Bay, Wis., is a diversified
bank holding company with total assets of $24 billion. Associated has
approximately 300 banking offices serving about 160 communities in
Wisconsin, Illinois, and Minnesota. The company offers a full range of
traditional banking services and a variety of other financial products
and services. More information about Associated Banc-Corp is available
at www.associatedbank.com.
Statements made in this document that are not purely historical are
forward-looking statements, as defined in the Private Securities
Litigation Reform Act of 1995. This includes any statements regarding
management's plans, objectives, or goals for future operations, products
or services, and forecasts of its revenues, earnings, or other measures
of performance. Forward-looking statements are based on current
management expectations and, by their nature, are subject to risks and
uncertainties. These statements may be identified by the use of words
such as "believe," "expect," "anticipate," "plan," "estimate," "should,"
"will," "intend," or similar expressions. Outcomes related to such
statements are subject to numerous risk factors and uncertainties
including those listed in the company's Annual Report filed on Form 10-K.
Source: Associated Banc-Corp
Contact: Associated Banc-Corp
Investors: Joseph Selner, Chief Financial Officer, 920-491-7120
Media: Janet L. Ford, SVP of Public Relations, 414-278-1890