Associated Announces Leadership Changes

GREEN BAY, Wis., Aug. 7, 2017 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) (Associated) today announced changes involving its executive committee.

John Hankerd

John Hankerd, 58, currently Associated's executive vice president and group leader of specialized industries, has been promoted to executive vice president and chief credit officer effective August 7, 2017.

Hankerd brings more than 25 years of industry experience to the role. He joined Associated in 2004 and has held a number of senior management positions in commercial and corporate banking, including credit functions. In his new role, Hankerd will be responsible for the leadership and strategic execution of the company's credit policy, reserve methodology, underwriting standards, loan quality, and overall credit administration. Hankerd will also serve as a member of the executive committee. He will be based in Milwaukee.

"John's experience in both the sales and credit sides of commercial banking brings a valued perspective to our company and our clients," said Philip B. Flynn, president and CEO, Associated Bank. "I am confident he will successfully uphold our strong credit culture as we work to provide clients with the necessary capital to start, maintain and expand their businesses."

Hankerd succeeds James (Jim) Simons, 61, who is retiring after more than 35 years in the banking industry. "I would like to thank Jim for his contributions to Associated," said Flynn.

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