Financial Advisor
Associated Banc-Corp
M&A Advisory
Has Sold One Branch To
Transaction Details
- On September 23, 2020 — Summit Credit Union announced that it has entered into an agreement with Associated Banc-Corp to purchase Associated Bank’s Monroe, Wisconsin branch and deposits located at 1420 11th Street in Monroe, Wisconsin
- Following the anticipated approval of the purchase by the appropriate state and federal agencies, the transaction is expected to close in the first quarter of 2021
About the company
Associated Banc-Corp
Associated Banc-Corp (NYSE: ASB) has total assets of $36 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 more than 240 banking locations serving more than 120 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 www.associatedbank.com.
Summit Credit Union
Summit Credit Union has been part of the fabric of Southern Wisconsin since its founding as CUNA Credit Union in 1935. Since then, they’ve grown to more than $4.3 billion in assets, more than 205,000 members and 662 employees across 46 locations throughout south-central and southeastern Wisconsin.
Sources: S&P Global Market Intelligence and publicly available information.
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