Karen Anillo named Senior Vice President and Team Leader of newly formed Associated Bank Healthcare Industry Banking Group

Karen Anillo named Senior Vice President and Team Leader of newly formed Associated Bank Healthcare Industry Banking Group

Associated Banc-Corp (NASDAQ: ASBC) today announced that Karen L. Anillo has been named Senior Vice President and Team Leader of the newly formed Healthcare Industry Banking Group under Associated's Specialized Industries and Commercial Financial Services sector (SICFS).

Anillo is responsible for the overall leadership and direction of the Healthcare Industry Banking Group and will guide Associated's approach to the healthcare industry.

Anillo specializes in healthcare lending and has more than 20 years of commercial banking experience with a focus on the U.S. healthcare industry. Her expertise includes loan portfolio management, credit analysis of leveraged and non-leveraged companies, and start-to-finish transaction management.

Anillo joins Associated from The Bank of Nova Scotia where she held the position of Director, Healthcare and Diversified Execution Team. Her responsibilities included portfolio management, underwriting and supporting client relationships. Karen began her corporate banking career in The Bank of Nova Scotia's Healthcare Industry Group, where she was instrumental in establishing the initial industry review, coordinating ongoing industry reviews, and setting portfolio and sector limits and industry lending guidelines.

"At Associated, we offer extensive commercial banking capabilities to a wide range of middle market clients," said Peter Bulandr, Senior Vice President and Group Head, Specialized Financial Services Group. "For clients in the healthcare industry, we offer focused niche expertise, with experienced bankers dedicated to serving this specialized group. Karen's deep network of contacts, keen understanding of the healthcare industry and personal approach to partnering with clients, further distinguishes Associated's specialized capabilities for healthcare industry clients."

Anillo holds a B.B.A. in International Business from the University of Georgia and a Juris Doctor from Georgia State University College of Law. She is an active member of the community as a Child Advocate and a youth mentor for at-risk students.

The newly established Healthcare Industry Banking Group provides financing, treasury management, trust and asset management and wealth management to the healthcare industry. Supported by strong online technologies and experienced banking professionals, Associated supplies healthcare industry clients with financial solutions that are specifically designed to help them manage and grow their businesses.