ST. LOUIS – August 27, 2024 – Associated Banc-Corp (NYSE: ASB) (Associated) today announced that it will open a new St. Louis branch at Dellwood Crossing Shopping Center located at 10044 W Florissant Ave., leasing about 6,000 square feet of retail space. The branch opening is part of Associated’s strategic plan to capture new market opportunities across the bank’s Midwest footprint and drive growth across multiple business lines.
Construction on the new branch will begin in October with plans to open to the public in spring 2025.
The Missouri expansion began in 2023 with commercial and industrial relationship managers and private banking. Currently, Associated has 17 colleagues in Missouri, and the branch will create approximately seven additional jobs in the area, including a workplace business development officer, community accountability officer and multi-cultural and affordable lending loan officer.
“Expanding into St. Louis is more than just creating a new branch,” said Shawn McCutcheon, community bank president, Associated Bank. “Uplifting communities to be financially stronger is central to our mission, which will guide us as we serve St. Louis communities.”
Associated will also extend its community commitment to St. Louis residents, which includes the Community Uplift Loan Program, affordable mortgage lending products, and down payment assistance. The new branch location will include additional features like a Community Advocacy Center, to hold financial literacy events and share resources for local nonprofits.
“We recognize we’re only successful if the communities we call home are also successful,” said McCutcheon. “As we grow our market presence, we are taking a ‘Listen First’ approach to understand how to best invest in these communities and deliver the banking experiences our customers want.”
Associated has had a presence in the southern Illinois market since 1997 and has had a loan production office in Missouri since 2006. Anchored by a key Midwestern city, the St. Louis market is a natural extension of Associated’s growing footprint across the region. With nine total branches across the market, St. Louis represents Associated Bank’s sixth largest metropolitan statistical area with 3.6% of total Associated Bank deposits.
ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $41 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois and Minnesota. The company also operates loan production offices in Indiana, Michigan, Missouri, New York, 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 www.associatedbank.com.
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