Associated Banc-Corp announced that the board of directors appointed Philip B. Flynn as president and chief executive officer and director effective December 1, 2009. Flynn will also serve as president and chief executive officer and as a director of Associated Bank, National Association. Flynn replaces Paul S. Beideman who announced his plans to retire from the company earlier this year. Beideman will continue to serve as a member of the board of directors and as chief executive officer of Associated Banc-Corp until December 1, 2009. Prior to joining Associated Banc-Corp, Flynn, 52, has been with Union Bank, San Francisco, since 1980. Most recently, he served as vice chairman and chief operating officer of Union Bank since March 2005, and a director since 2004. During his nearly 30-year career with Union Bank, Flynn also held a range of other executive positions, including chief credit officer, head of commercial banking, specialized lending and wholesale banking activities. The company also announced that the board of directors elected William R. Hutchinson as its chairman effective December 1, 2009, reflecting a best practice in corporate governance to have an independent director as chairman and recognizing Hutchinson's many contributions to the board. Hutchinson has been a director of Associated Banc-Corp since April 1994 and has served as Lead Independent Director since April 2009. Flynn will report directly to Associated Banc-Corp's board of directors and his office will be located at the corporate headquarters in Green Bay.

The Board of Directors of Associated Banc-Corp declared a regular quarterly cash dividend of $0.05 per share, payable on November 16, 2009, to shareholders of record on November 6, 2009.

Associated Banc-Corp reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported total interest income of $238,651,000, net interest income of $179,236,000, net interest income after provision for loan losses of $83,826,000, income before income taxes of $18,024,000, net income of $15,994,000, net income available to common equity of $8,652,000, or $0.07 per diluted share compared to total interest income of $271,376,000, net interest income of $166,517,000, net interest income after provision for loan losses of $111,506,000, income before income taxes of $50,252,000, net income of $37,769,000, net income available to common equity of $37,769,000, or $0.30 per diluted share for the same period last year. The company reported book value per share of $18.88, return on average assets of 0.27%, return on average equity of 2.19% compared to book value per share of $18.52, return on average assets of 0.68%, return on average equity of 6.38% for the same period last year. For the nine months, the company reported total interest income of $751,046,000, net interest income of $547,652,000, net interest income after provision for loan losses of $191,796,000, income before income taxes of $5,617,000, net income of $41,378,000, net income available to common equity of $19,384,000, or $0.15 per diluted share compared to total interest income of $847,840,000, net interest income of $504,366,000, net interest income after provision for loan losses of $367,352,000, income before income taxes of $203,218,000, net income of $151,593,000, net income available to common equity of $151,593,000, or $1.18 per diluted share for the same period last year. The company reported book value per share of $18.88, return on average assets of 0.23%, return on average equity of 1.90% compared to book value per share of $18.52, return on average assets of 0.93%, return on average equity of 8.57% for the same period last year.