Associated Banc-Corp updates on strategic growth, new CFO, and lending initiatives

ASSOCIATED BANC-CORP

Total average loans grew 7% QoQ; core commercial loans reached $17.2B at Sep 30, 2022, up from $15.6B at Dec 31, 2021.
Derek Meyer appointed CFO effective Aug 1, 2022; Bryan Carson named Chief Product & Marketing Officer July 18, 2022.
ABL+Equipment Finance grew to $1.1B; Auto Finance to $270M at Sep 30, 2022, with targets of $1.4B and $300M by YE 2022.
Commercial RM ranks up 33% since Mar 2021; branch network reduced 11% vs YE2020 to fund digital transformation.
Say on Pay received 95% support in 2021 and 2022; performance-based shares increased to 75% of long-term incentives.

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