Associated Bank announces $32.7M construction loan for multi-family project in central Wis.

GREEN BAY, WIS .- April 9, 2026 - Associated Bank recently announced completion of a $32,750 000 loan to Toonen, Inc. for construction of a multi-family apartment complex at 2101-2431 McCarthy Road in Grand Chute, Wisconsin. The 30.32-acre parcel is just north of a busy and growing retail area.

The Strata Apartments will consist of 25 buildings with a total of 236 units, including 18, ten-unit buildings (180 total) with attached garages and seven eight-unit buildings (56 total) with detached garages. The majority (172) of these market-rate apartments will be 2-bedroom units; there will be 64 of the 1-bedroom units. Construction is underway and expected to be completed in February of 2028.

Founded in 1983, Toonen Properties has shaped the standard for apartment living in Northeast Wisconsin by creating communities where people truly feel at home. With nearly 3,500 units across the Green Bay and Fox Valley areas, Toonen's designed communities prioritize comfort, style, and quality living. Their commitment to innovation, service and community is a gold standard for modern apartment living.

Tim Jorgensen, a senior vice president with Associated Bank's Commercial Real Estate division in Green Bay, managed the loan arrangements and closing.

Associated Bank's Commercial Real Estate division is committed to providing commercial real estate developers/owners/operators with an array of financing solutions, in addition to products and services that meet their unique needs The division has offices in Illinois, Indiana, Michigan, Minnesota, Missouri, Ohio, Texas and Wisconsin.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of approximately $50 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, 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 https://www.associatedbank.com.