Rochester, MN – August 13, 2015 – Associated Bank (NYSE: ASB) announced today that it is considering new architectural and design plans for a future downtown Rochester branch and will delay the purchase of property until those plans are more established.
“We are in the early stages of reviewing some very exciting branch design concepts,” said Tim Lau, Associated’s executive vice president and head of Community Markets. “Those plans could offer our customers and the community a dynamic new banking experience and complement the vision for Rochester’s downtown development.”
Lau said the company’s decision to purchase the initial Broadway property, or another in the future, will be hinged to final design decisions and the required property size and orientation.
While branch design planning moves forward, Associated’s downtown customers will continue to be served by its branches at 206 S. Broadway and 101 1st Ave. SW. The company also has branches at 1985 Commerce Drive NW and at Apache Mall.