Associated Banc-Corp recently provided a $20 million loan to Allen Edmonds Company, headquartered in Port Washington, Wis. The loan will finance the continued growth of Allen Edmonds.
“We are proud to be doing business with a local company like Allen Edmonds,” said Mark Wierman, Associated Commercial Finance, Inc. “Allen Edmonds was looking to establish a full service relationship with a local bank and Associated is a perfect fit for the company. With Allen Edmonds celebrating their 90th anniversary this year and Associated celebrating its 150th anniversary, this relationship brings together two great long standing Wisconsin institutions.”
“We were looking for a local financial institution to do business with and we’re quite pleased with our decision to work with Associated,” said Jay Schauer, chief financial officer, Allen Edmonds. “Having a flexible local partner like Associated enhances our financial options and promotes Wisconsin business development.”
Allen Edmonds has been growing its retail and wholesale businesses. With the new Associated financing the company will continue to build on its brand expansion strategy. Allen Edmonds has expanded its retail store base to 41 stores and has recently entered new markets in Cleveland, Atlanta and plans to open Philadelphia in January 2013.