GREEN BAY, Wis.--(BUSINESS WIRE)--
Associated Banc-Corp (NASDAQ:ASBC) announced today that it has
taken steps to assist individuals and communities in those areas that
have been impacted by recent flooding and severe weather in the
Midwest. Associated Bank will donate $50,000 for disaster relief.
Donations will be made to local American Red Cross chapters in the
declared disaster areas throughout the bank's three-state footprint.
In addition, Associated has launched an employee giving campaign and
has agreed to match employees' donations to the disaster relief fund
up to an additional $50,000.
"Many of our communities have been hit hard by the recent
flooding," said Chairman and CEO, Paul Beideman. "Our compassion and
concern go out to those whose homes and businesses have been destroyed
or damaged. The bank and its employees are committed to providing
assistance during these challenging times."
Associated Bank has also agreed to set aside up to $100 million
for special loans for individuals who have been directly impacted by
the floods and severe weather. Qualified borrowers will be able to
obtain an unsecured loan (a minimum of $2,500 and a maximum of
$10,000) at a discounted rate. The bank will also offer qualified
homeowners a home equity loan at a discounted rate with reduced
closing costs.
The bank has established a special toll-free number,
1-866-504-2774, to assist customers who have been affected by the
recent flooding. A Flood Response Team will provide callers with
information about the bank's payment deferral program (up to 12
months) for customers in need and special loan programs for flood
victims, along with information about state and federal disaster aid
and how to file insurance claims. Associated's Flood Response Team is
available between 8 a.m. and 5 p.m. Central Time, Monday through
Friday.
"We want to provide assistance quickly to those affected by the
devastating flooding in the Midwest," said Lisa Binder, Associated's
president and chief operating officer. "We will do everything we can
to make information easily accessible and assist those in need."
Associated has more than 5,000 employees in Wisconsin, Minnesota,
and Illinois. To address its employees' needs, the bank has
implemented an emergency extension of its current sick time policy to
provide employees with up to one week of allotted paid time off to
deal with personal matters related to flood and severe weather damage.
Associated Bank is part of Associated Banc-Corp, headquartered in
Green Bay, Wis., a diversified bank holding company with total assets
of $22 billion. Associated, an Equal Housing Lender, has more than 300
banking offices serving approximately 180 communities in Wisconsin,
Minnesota and Illinois. Associated 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.
Source: Associated Banc-Corp
Contact: Associated Bank
Janet L. Ford, VP of Public Relations
Office: 414.278-1890
Cell: 414.207-5070
janet.ford@associatedbank.com