GREEN BAY, Wis.--(BUSINESS WIRE)--
Associated Banc-Corp (NASDAQ: ASBC) announced today the
appointment of Lisa B. Binder, 49, to the new role of president and
chief operating officer. She will assume the position on Jan. 29.
At the same time, Paul S. Beideman, Associated president and CEO
since 2003, will remain as CEO and assume the additional
responsibility as chairman of the Associated Banc-Corp Board of
Directors, succeeding Robert C. Gallagher who will become the lead
director of the board. Gallagher has served as chairman of the board
since January 2003, president and chief executive officer from April
2000 to January 2003, and held other leadership positions within
Associated dating back to 1982.
"We are very grateful to Bob for his leadership through this
decision process, and as we go forward we will continue to rely on his
advice and guidance as lead director of the board," Beideman said.
Binder most recently held the position of group executive vice
president and director of retail banking for the Mid-Atlantic and
Midwest Regions of Citizens Financial Group, a $164 billion commercial
bank holding company. That included leadership of Citizens' branches
in Pennsylvania, Delaware, New Jersey and New York. It also
encompassed the Midwest region including Charter One branches in Ohio,
Indiana, Michigan and Illinois. Prior to that she held various
executive positions at Citizens and Mellon Financial, including
responsibility for business banking, commercial banking, retail
banking, mortgage and investment management, as well as related
operations and support areas. She holds a master's degree in business
administration with a concentration in finance and marketing from
Wilkes University and a bachelor's degree in business management from
Allentown College of St. Francis de Sales.
"We are very fortunate to be adding a person of Lisa's caliber to
strengthen our management team. Her experience and abilities will
certainly enhance the achievement of our long-term strategic
objectives," Beideman said. "Associated is 40 percent larger than it
was just a few years ago and this move aligns our executive leadership
structure appropriately with that growth and our future plans," he
added.
Beideman and Binder previously worked together at Mellon Financial
Corp prior to Beideman joining Associated in 2003. "I know Lisa well,
and have a great deal of trust and confidence in her judgment and
leadership skills. Lisa brings a wealth of industry leadership
experience to Associated, and she'll be a tremendous asset to our
organization," Beideman said.
"I am excited to be joining this fast-growing, innovative company,
and to work with Paul and his management team," Binder said. She will
reside in the Milwaukee area, one of Associated's largest markets.
Beideman's office will continue to be located at the corporation's
headquarters in Green Bay.
Associated Banc-Corp, headquartered in Green Bay, Wis., is a
diversified bank holding company with total assets of $21 billion.
Associated has more than 315 banking offices serving more than 180
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
Media Contact:
Cindy Moon-Mogush, Corporate Communications
920-431-8034