GREEN BAY, Wis., Jan. 20, 2022 /PRNewswire/ -- January 20,
2022 –– Associated Banc-Corp (NYSE: ASB) ("Associated") today
announced that EVP, Chief Financial Officer Christopher J. Del
Moral-Niles will retire from the Company later this year. The
Company has retained Diversified Search Group to assist in the
search for a successor. To ensure a seamless transition, Mr. Del
Moral-Niles will continue in his role until a successor is in
place.
Andrew Harmening, President and
Chief Executive Officer, said, "On behalf of Associated's team, we
thank Chris for his invaluable contributions over the nearly 12
years he has served at the Company. Chris has been an instrumental
member of our leadership team, strengthening our balance sheet and
expanding it by over 50% during his tenure, which contributed
meaningfully to our growth. On a personal note, Chris helped me
quickly find my footing at Associated, and I'm grateful to him for
his partnership and generosity of spirit. We appreciate his
dedication to Associated and his support for a seamless and
successful transition."
Mr. Del Moral-Niles said, "It has been a privilege to work
alongside such an exceptional team for over a decade, and I could
not be prouder of our accomplishments and contributions to
Associated's success. After more than 33 years in finance, Andy and
I decided that this year is an opportune time for me to retire,
enabling me to attend to personal matters and my family's
interests, as well as to continue serving on a number of
boards."
Mr. Del Moral-Niles joined Associated in 2010 and has held
various leadership roles across the Company. As Treasurer, he was
instrumental in restructuring the bank's capital base, exiting
TARP, and re-establishing Associated's strong ratings profile. As
Principal Accounting Officer, he oversaw the introduction of new
financial systems and processes that resulted in Associated being
recognized as one of Forbes Magazine's "America's Most Trustworthy
Companies." He assumed the role of Chief Financial Officer in 2012,
from which he led Associated's transition from NASDAQ (ASBC) to the
NYSE (ASB), its acquisitions of Bank Mutual and the Huntington
branch network in Wisconsin, the
strategic divestiture of its insurance brokerage business, and key
aspects of recently announced strategic initiatives.
Mr. Del Moral-Niles has previously served as Chair of the
Greater Green Bay Chamber, and as a Board member of both the
Wisconsin Bankers Association and the Green Bay Botanical Garden.
He presently serves as the executive sponsor for Associated's
Cultural Awareness Network and as a DePaul
University Trustee.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of
$35 billion and is Wisconsin's largest bank holding
company. Headquartered in Green Bay,
Wisconsin, Associated is a leading Midwest banking
franchise, offering a full range of financial products and services
from more than 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 document 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 management'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," "target," "outlook," "project,"
"guidance," 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 actual results to differ
materially from those contained in such forward-looking statements
include those identified in the Company's most recent Form 10-K and
subsequent SEC filings. Such factors are incorporated herein
by reference.
Investor Contact:
Ben
McCarville, Vice President, Director of Investor
Relations
920-491-7059
Media Contact:
Jennifer
Kaminski, Vice President, Public Relations Senior
Manager
920-491-7576
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SOURCE Associated Banc-Corp