{"id":473006,"date":"2021-04-07T11:25:20","date_gmt":"2021-04-07T15:25:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473006"},"modified":"2021-04-07T11:25:20","modified_gmt":"2021-04-07T15:25:20","slug":"associated-bank-announces-community-commitment-of-3-37-billion","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/associated-bank-announces-community-commitment-of-3-37-billion\/","title":{"rendered":"Associated Bank Announces Community Commitment of $3.37 Billion"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Three-year Commitment Plan Designed to Help Communities Thrive<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">GREEN BAY, Wis.<\/span>, <span class=\"xn-chron\">April 7, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Associated Bank, N.A. today announced its <span class=\"xn-money\">$3.37 billion<\/span> Community Commitment Plan (Plan) focused on helping the communities it serves across <span class=\"xn-location\">Wisconsin<\/span>, <span class=\"xn-location\">Minnesota<\/span> and <span class=\"xn-location\">Illinois<\/span>. This is a 40 percent increase from the 2018-2020 Plan and the organization&#8217;s most significant commitment to date. The Plan sets forth the company&#8217;s three-year commitment to help communities grow and prosper through sound financial services, volunteerism and community investment. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1482893\/Associated_Bank_Logo_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1482893\/Associated_Bank_Logo_Logo.jpg\" title=\"(PRNewsfoto\/Associated Banc-Corp)\" alt=\"(PRNewsfoto\/Associated Banc-Corp)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Highlights of Associated&#8217;s commitments include:<\/p>\n<ul type=\"disc\">\n<li>\n          <span class=\"xn-money\">$2.4 billion<\/span> in residential mortgages and <span class=\"xn-money\">$15 million<\/span> in down payment and closing cost assistance to support low-to-moderate-income (LMI) and minority borrowers and\/or majority-minority geographies. <\/li>\n<li>\n          <span class=\"xn-money\">$350 million<\/span> in small business loans to support the growth of businesses with revenues of <span class=\"xn-money\">$1.6 million<\/span> or less, companies in need of loans of <span class=\"xn-money\">$1.6 million<\/span> or less in LMI or minority census tracts, and businesses leveraging SBA loan programs. <\/li>\n<li>\n          <span class=\"xn-money\">$600 million<\/span> in community development loans and investments supporting economic development, affordable housing, small business growth and lending to nonprofits that support LMI communities. <\/li>\n<li>\n          <span class=\"xn-money\">$8 million<\/span> in Community Reinvestment Act (CRA)-qualified philanthropic grants and\/or in-kind donations. <\/li>\n<li>14,000 hours of CRA-qualified volunteer time.<\/li>\n<\/ul>\n<p>&#8220;Associated Bank is committed to playing an active role in helping our communities grow and prosper. We are proud to continue increasing our efforts and investments for the greater good. It is core to who we are and how we work,&#8221; said <span class=\"xn-person\">Philip B. Flynn<\/span>, Associated Bank president and CEO. &#8220;We have immersed ourselves in our communities, working with Community Advisory Councils in each of our major markets to address the most systemic economic development and equity issues.&#8221; <\/p>\n<p>A significant part of Associated Bank focuses on building a more inclusive and equitable environment by enhancing the workforce, strengthening its markets, and fostering a culture of belonging for its colleagues, customers and the communities they serve. <\/p>\n<p>&#8220;Associated is committed to serving its community members. The basis of our approach is to ensure that minority and LMI communities have access to financial products and services and Associated Bank does that by giving our time through colleague volunteerism and strengthening our communities through our provision of financial resources,&#8221; said\u00a0LaDonna Reed, director of community accountability,\u00a0Associated Bank.<\/p>\n<p>The Plan is an extension and elevation of a similar three-year plan Associated Bank committed to in 2018. Some 2018-2020 results include: over 9,500 residential mortgages or approximately <span class=\"xn-money\">$1.8 billion<\/span> in loans helping LMI and minority families obtain homeownership; more than <span class=\"xn-money\">$570 million<\/span> in small business loan commitments; and more than <span class=\"xn-money\">$952 million<\/span> in community development loans and investments to create affordable housing options, support community services and promote economic development in our markets.<\/p>\n<p>A copy of the 2021-2023 Plan can be found at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3121856-1&amp;h=2994217296&amp;u=https%3A%2F%2Fwww.associatedbank.com%2Fpdf%2FCommunityCommitmentPlan.pdf&amp;a=https%3A%2F%2Fwww.associatedbank.com%2Fpdf%2FCommunityCommitmentPlan.pdf\" rel=\"nofollow noopener noreferrer\">https:\/\/www.associatedbank.com\/pdf\/CommunityCommitmentPlan.pdf<\/a><\/p>\n<p>\n        <b>ABOUT ASSOCIATED BANC-CORP<br \/><\/b>Associated Banc-Corp (NYSE: ASB) has total assets of <span class=\"xn-money\">$33 billion<\/span> and is one of the top 50 publicly traded U.S. bank holding companies. Headquartered in <span class=\"xn-location\">Green Bay, Wisconsin<\/span>, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from more than 220 banking locations serving more than 120 communities throughout <span class=\"xn-location\">Wisconsin<\/span>, <span class=\"xn-location\">Illinois<\/span> and <span class=\"xn-location\">Minnesota<\/span>, and commercial financial services in <span class=\"xn-location\">Indiana<\/span>, <span class=\"xn-location\">Michigan<\/span>, <span class=\"xn-location\">Missouri<\/span>, <span class=\"xn-location\">Ohio<\/span> and <span class=\"xn-location\">Texas<\/span>. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3121856-1&amp;h=1092266126&amp;u=http%3A%2F%2Fwww.associatedbank.com%2F&amp;a=www.associatedbank.com\" rel=\"nofollow noopener noreferrer\">www.associatedbank.com<\/a>.\u00a0<\/p>\n<p>\n        <b>Media Contact: <span class=\"xn-person\">Jennifer Kaminski<\/span><br \/><\/b>Vice President | Public Relations Senior Manager<br \/>920-491-7576 | <a target=\"_blank\" href=\"mailto:Jennifer.Kaminski@AssociatedBank.com\" rel=\"nofollow noopener noreferrer\">Jennifer.Kaminski@AssociatedBank.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CG35252&amp;sd=2021-04-07\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/associated-bank-announces-community-commitment-of-3-37-billion-301264278.html\">http:\/\/www.prnewswire.com\/news-releases\/associated-bank-announces-community-commitment-of-3-37-billion-301264278.html<\/a><\/p>\n<p>SOURCE  Associated Banc-Corp<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CG35252&amp;Transmission_Id=202104071121PR_NEWS_USPR_____CG35252&amp;DateId=20210407\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three-year Commitment Plan Designed to Help Communities Thrive PR Newswire GREEN BAY, Wis., April 7, 2021 \/PRNewswire\/ &#8212;\u00a0Associated Bank, N.A. today announced its $3.37 billion Community Commitment Plan (Plan) focused on helping the communities it serves across Wisconsin, Minnesota and Illinois. This is a 40 percent increase from the 2018-2020 Plan and the organization&#8217;s most significant commitment to date. The Plan sets forth the company&#8217;s three-year commitment to help communities grow and prosper through sound financial services, volunteerism and community investment. Highlights of Associated&#8217;s commitments include: $2.4 billion in residential mortgages and $15 million in down payment and closing cost assistance to support low-to-moderate-income (LMI) and minority borrowers and\/or majority-minority geographies. $350 million in small business loans to support the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/associated-bank-announces-community-commitment-of-3-37-billion\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Associated Bank Announces Community Commitment of $3.37 Billion&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-473006","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Associated Bank Announces Community Commitment of $3.37 Billion - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/associated-bank-announces-community-commitment-of-3-37-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Associated Bank Announces Community Commitment of $3.37 Billion - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Three-year Commitment Plan Designed to Help Communities Thrive PR Newswire GREEN BAY, Wis., April 7, 2021 \/PRNewswire\/ &#8212;\u00a0Associated Bank, N.A. today announced its $3.37 billion Community Commitment Plan (Plan) focused on helping the communities it serves across Wisconsin, Minnesota and Illinois. This is a 40 percent increase from the 2018-2020 Plan and the organization&#8217;s most significant commitment to date. The Plan sets forth the company&#8217;s three-year commitment to help communities grow and prosper through sound financial services, volunteerism and community investment. Highlights of Associated&#8217;s commitments include: $2.4 billion in residential mortgages and $15 million in down payment and closing cost assistance to support low-to-moderate-income (LMI) and minority borrowers and\/or majority-minority geographies. $350 million in small business loans to support the &hellip; Continue reading &quot;Associated Bank Announces Community Commitment of $3.37 Billion&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/associated-bank-announces-community-commitment-of-3-37-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-07T15:25:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1482893\/Associated_Bank_Logo_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/associated-bank-announces-community-commitment-of-3-37-billion\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/associated-bank-announces-community-commitment-of-3-37-billion\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Associated Bank Announces Community Commitment of $3.37 Billion\",\"datePublished\":\"2021-04-07T15:25:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/associated-bank-announces-community-commitment-of-3-37-billion\\\/\"},\"wordCount\":585,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/associated-bank-announces-community-commitment-of-3-37-billion\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1482893\\\/Associated_Bank_Logo_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/associated-bank-announces-community-commitment-of-3-37-billion\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/associated-bank-announces-community-commitment-of-3-37-billion\\\/\",\"name\":\"Associated Bank Announces Community Commitment of $3.37 Billion - 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This is a 40 percent increase from the 2018-2020 Plan and the organization&#8217;s most significant commitment to date. The Plan sets forth the company&#8217;s three-year commitment to help communities grow and prosper through sound financial services, volunteerism and community investment. 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