Bank announces partnership with Ryan Cos. for new St. Paul enhancement
GREEN BAY, Wis. – August 22, 2013 – Associated Bank, N.A. announced today a finalized agreement with Ryan Companies, Inc. to develop property along Snelling Avenue in St. Paul.
Ryan has entered into an agreement to build a new Whole Foods store at the current location of Associated Bank’s branch at 176 Snelling Avenue North. As part of this project, Ryan plans to build a new full-service bank branch for Associated in the block near Ryan’s proposed mixed use residential/retail development.
“We have truly outgrown the building we’re in and are looking forward to greeting our customers with a new and improved banking experience,” said Darren Dewing, Senior Vice President and Director of Retail Distribution, Associated Bank. “With more than 30 financial services professionals in one location, we realize that having a functional space for our colleagues to best serve our customers will be key to our ongoing success in the neighborhood. Ryan continues to be a great partner to both Associated and the local community. We’re honored to be a part of the rich history and the bright future of St. Paul.”
“The Snelling site is a great location in a great neighborhood, and we’re thrilled to be part of a project that the Union Park District Council and area residents view as an exciting addition. Associated Bank and Whole Foods have been terrific partners, and we’re pleased to be teaming up with them on the project,” said Mark Schoening, Senior Vice President, Retail at Ryan Companies US, Inc.
“We’re excited to be so strongly committed to the St Paul neighborhood. We consider ourselves to be a keystone, strong community partner in the neighborhood. While we continue to iron out the details of our new branch presence, we have decided that there will be a two-story branch with retail, commercial, trust and private client services in a single location,” said David Prince, Senior Vice President and Business Segment Leader, Commercial Banking, Associated Bank.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NASDAQ: ASBC) has total assets of $24 billion and is one of the top 50, publicly traded, U.S. bank holding companies. Headquartered in Green Bay, Wis., Associated is a leading Midwest banking franchise, offering a full range of financial products and services through approximately 240 banking locations serving more than 150 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.
About Ryan Companies US, Inc.
Ryan Companies US, Inc. is a 3rd generation, family-owned national developer, designer, capital investment consultant, builder and real estate manager specializing in fully integrated solutions for over 75 years. Key market sectors include: retail, distribution, mission critical, public sector and health care; and product experience includes work on office, retail, mixed use, hospitality, multi-housing, industrial, medical office building, senior housing, distribution center, public sector, and mission critical facilities. Ryan serves customers throughout the United States with offices in the NorthCentral, Midwest, Great Lakes, SouthEast, SouthCentral and SouthWest regions. For more information, visit www.ryancompanies.com.