Associated Bank recognized by the U.S. Department of Agriculture's Guaranteed Rural Housing (GRH) Program
MILWAUKEE, Wis. - May 18, 2012 - Associated Bank was recently awarded a Certificate of Achievement for their outstanding contribution to the success of the U.S. Department of Agriculture (USDA) Rural Development Guaranteed Rural Housing (GRH) Program for fiscal year 2011.
Associated Bank partners with the USDA Rural Development GRH Program to offer rural home buyers 100 percent financing with no down payment, flexible credit guidelines, competitive fixed market-rate interest and 30-year terms.
"More than $338 million in [total] GRH funding was delivered to Wisconsin homeowners resulting in more than 2,750 home purchases," said Stan Gruszynski, Wisconsin State Director, USDA Rural Development. "Associated's efforts have helped many Wisconsin families achieve their dream of homeownership."
In 2011 Associated distributed more than $5 million of the total GRH loan funds to earn GRH certification as a Platinum Million Dollar Lender in Wisconsin. Associated is also recognized as a GRH Million Dollar Lender in Illinois.
"Associated Bank is pleased to receive this recognition of our ongoing efforts to meet the homeownership needs of individuals and families in the communities we serve," said Dave Bauer, SVP and Director of Associated Mortgage Sales. "The USDA Guaranteed Rural Housing loan program is important in helping rural low- to moderate-income borrowers realize their homeownership dreams.
USDA is an equal opportunity provider and employer.
ABOUT U.S. DEPARTMENT OF AGRICULTURE
USDA Rural Development's mission is to deliver programs in a way that will support increasing economic opportunity and improve the quality of life of rural residents. As the lead federal agency for rural development needs, USDA Rural Development returned nearly $558 million dollars this past year to rural Wisconsin communities. Funds are used to finance and foster growth in homeownership, business development, and critical community and technological infrastructures. Further information on USDA Rural Development programs is available at a local USDA Rural Development office or by visiting the web site at http://www.rurdev.usda.gov/wi.
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.
Contact: Jennifer Kaminski
Public Relations Manager