New location offers organizational synergy and optimized service to customers
CHICAGO - January 23, 2013 - Associated Banc-Corp (NASDAQ: ASBC) today announced it will combine and relocate four office locations in Chicago to provide customers and colleagues with greater convenience.
U.S. Equities brokered the leasing agreement between real estate company, Tishman Speyer, and Associated. Associated will now be located on the 24th and 25th floors at 525 West Monroe, providing the bank with more than 35,000 sq. ft. of space. More than 125 colleagues will move from Associated's offices in the Prudential Plaza, Aon Center, 190 LaSalle and 502 Lake Cook Road. All Associated staff will relocate from 190 LaSalle and 502 Lake Cook Road, while some staff will remain in the Prudential Plaza and AON Center.
"Our new space at West Monroe offers Associated the opportunity for continued growth," said Breck Hanson, executive vice president, head of commercial real estate for Associated Bank. "The building is ideally located between Union Station and Ogilvie Transportation Center allowing for optimized convenience for customers and colleagues. Additionally, being able to operate within Chicago's West Loop provides the bank with the ability to connect with key financial markets."
Within its new location, Associated will also have a full-service banking branch on the first floor creating additional employment opportunities.
The 525 West Monroe location is a Class A building and was awarded the LEED Gold Certificate by the U.S. Green Building Council in 2011.
Associated Bank is positioned for continued growth and is committed to continuing to invest in markets where we have significant potential, and in products and services that advance our strong customer relationships and leadership position throughout our footprint.
About Associated Banc-Corp
Associated Banc-Corp (NASDAQ: ASBC) has total assets of $22 billion and is one of the top 50 financial services holding companies operating in the United States. Headquartered in Green Bay, Wis., Associated has more than 250 banking locations serving more than 150 communities throughout Wisconsin, Illinois and Minnesota. The company offers a full range of banking services and other financial products and services. 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.
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