Associated Bank and its subsidiary, Associated Financial Group, L.L.C., announced that is has purchased a 93,000-square-foot, four-story office building in Minnetonka at 6000 Clearwater Drive.
Plans are in process to consolidate 250 Associated employees from three Minneapolis locations in Minnetonka, Edina and Eden Prairie to the new facility. This consolidation includes employees of the former Ahmann Martin & Co., a leading risk and benefits consulting firm in Minnesota, which was purchased by Associated Financial Group in January 2015.
“We have made great progress working as a combined entity and creating a unified company that will allow us to provide clients with one centralized location to meet their benefits and risk management needs,” said Dean Hildebrandt, director of institutional services and Associated Financial Group president and CEO.
According to Hildebrandt, the office consolidation will be completed in early 2017.
Associated Financial Group is a premier employee benefits, retirement plan services, business insurance and HR consulting agency with more than 350 colleagues across Associated’s three-state footprint and generating over $75 million of annualized insurance-related revenues.