Green Bay, WI – September 10, 2015 – Associated Banc-Corp (NYSE: ASB) (Associated) today announced management changes involving its executive committee.
Paul Schmidt has been promoted to deputy head of Commercial Real Estate (CRE) for Associated. Schmidt joined the company in May as executive vice president in the CRE business. He has more than 30 years of banking experience including management of multiple CRE regional lending offices for Wells Fargo. Schmidt immediately joins Associated’s executive committee and will continue to report to Breck F. Hanson, head of CRE and Chicago market president.
In addition, John A. Utz, currently Associated’s executive vice president and head of Corporate Banking North and Specialized Financial Services, assumes responsibility for all Corporate Banking. The company also announced that Utz has been assigned the role of Milwaukee market president.
“Paul’s impressive experience in the commercial real estate field will be valuable in helping us meet our aggressive objectives for this successful business line,” said Associated president and CEO, Philip B. Flynn.
“In the case of our critical Corporate Banking business, John’s experience leading our northern region together with his significant success in growing our specialty lending business make him ideally positioned to take on this expanded role,” Flynn said. “John’s additional new assignment as Milwaukee market president formalizes his existing leadership in our efforts to grow our full portfolio of financial products and services in the Greater Milwaukee market and acknowledges his important community involvement there.”