CHICAGO – December 19, 2017 – Breck Hanson, vice chairman of Associated Bank and Chicago market president, will retire from his position on December 31, 2017. Hanson joined Associated in 2010 as executive vice president and head of commercial real estate (CRE). His successful career spans nearly four decades within the financial services industry.


Under Hanson’s guidance, Associated Bank expanded its CRE presence into adjacent Midwest markets. The company also expanded into the institutional space with its Real Estate Investment Trust (REIT) segment. Hanson transitioned leadership of CRE to Paul Schmidt in January 2016.


“Commercial real estate has been a significant part of Associated’s growth story,” said Philip B. Flynn, president and CEO, Associated Bank. “Breck’s strong leadership of our CRE business coupled with his dedication as Chicago market president has strengthened the company’s relationships in key markets and positioned our bank for continued growth. We thank him and wish him the best.”


In anticipation of Hanson’s retirement, the company also announced that Rod A. Murray, senior vice president, Commercial Banking business segment leader for Associated Bank, will serve as Chicago market president.


Murray joined Associated Bank in 2010 as Commercial Banking middle market manager for Illinois. In 2016, he assumed leadership of Associated Bank’s Chicago commercial banking segment. He now oversees banking activities and offices covering Illinois, Missouri, Indiana, Ohio and Texas, focusing on middle market companies. He also heads the leveraged finance group.


Murray serves on the Ladder Up board of directors and recently served on the Chicago Youth Centers and Gateway for Cancer Research boards of directors.


Associated Banc-Corp (NYSE: ASB) has total assets of $30 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 over 200 banking locations serving more than 100 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


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