GREEN BAY, Wis. – May 1, 2020 – Associated Banc-Corp extended its commitment to Staunton today with the donation of its 6,000-square-foot, former First National Bank (FNB) Service Center building at 114 South Elm St., to the City of Staunton. The City plans to develop the Ralph and Josephine Oltmann Community Center for residents in the existing space.

 

“Associated Bank has a proud history of serving the communities where they live and work, dating back to 1861, much like that of the former FNB,” said Gina Lotter, community markets operations director with Associated Bank, previously with FNB in Staunton.

 

The building and land are assessed at $46K. Associated will sell to the City for $1.

 

“The City of Staunton is appreciative of this gift from Associated Bank and the opportunities the building will provide for the community and downtown area in the near future,” said Mayor Craig Neuhaus, City of Staunton.

 

The building was purchased by FNB in 2010 and has been used as a loan processing and training center. Associated acquired the building with the purchase of FNB on February 14. Details on the community center will be shared at a later date. 

 

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ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of $34 billion and is one of the top 50 publicly traded U.S. bank holding companies. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from more than 240 banking locations serving more than 120 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