Associated Bank was named the No. 1 Small Business Administration (SBA)
lender in Wisconsin for fiscal year 2009, according to a recent SBA
report. Associated surpassed all other banks in number of loans
originated with more than three times that of the second-highest lender.
From Oct.1, 2008 to Sept. 30, 2009, Associated Bank made 317 SBA 7(a)
loans for a total value of more than $25 million. This is the fifth year
in a row that Associated Bank has received the top lender honor, and the
10th time in 12 years.
“We commend Associated Bank’s continued support to small business
lending,” says SBA Wisconsin District Director Eric Ness. “This type of
commitment helps to ensure that Wisconsin firms are receiving the much
needed assistance and capital to start and expand their businesses. This
activity is fundamental to Wisconsin and our nation’s economic growth.”
Nationally, Associated Bank moved to number 13 in the nation for SBA
lending in fiscal 2009, up from number 23 in fiscal 2008. In fiscal
2009, more than 160 new jobs were created and approximately 2,600
existing jobs were retained as a result of Associated Bank SBA loans in
the states where it conducts business.
While we are incredibly pleased with our new rankings, its clear that
the impact of these lending efforts is about much more than winning a
title, said Senior Vice President of Business Banking Kerry Barlow. It
is about how many businesses we touched throughout Wisconsin and in our
Associated Bank is part of Associated Banc-Corp (NASDAQ: ASBC), a
diversified bank holding company with total assets of $23 billion
headquartered in Green Bay, Wisconsin. Associated has approximately 300
banking offices serving an estimated 160 communities in Wisconsin,
Minnesota, and Illinois. Associated offers a full range of traditional
banking services and a variety of other financial products and services.
More information about Associated Banc-Corp is available at www.AssociatedBank.com.
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Source: Business Wire