Associated Bank Expands Private Wealth Team in Twin Cities

MINNEAPOLIS, September 22, 2026 - Associated Bank today announced several strategic additions to its Private Wealth team in the Twin Cities, strengthening its trust, fiduciary, wealth planning and private banking capabilities while adding specialized expertise to support continued client growth.

The new hires expand the depth and capacity of Associated's Private Wealth team while complementing its existing trust relationship managers, wealth planners and portfolio managers. The additions also support the bank's continued investment in its wealth advisor model, which is designed to expand investment-management capabilities and deliver a higher level of service to clients.

"Investing in experienced talent strengthens our capabilities and accelerates our growth in the Twin Cities," said Kelly Mould, J.D., senior vice president and managing director of Trust and Advisory Services. "By expanding our expertise, we can deepen client relationships and deliver a broader range of wealth management solutions to meet evolving client needs."

The new Twin Cities-based team members include:

• Therese Pershall, senior vice president, senior private advisor strategy lead, for Associated's newly launched wealth advisor delivery model, will advance key practice management priorities and design solutions that enhance both the colleague and client experience. She will also collaborate with the bank's new Strategy and Innovation Center on practice management.
• Gracia Cavanaugh, CFP®, senior vice president, senior wealth planner, recently joined Associated and strengthens the team's wealth planning capabilities.
• Kyle Foster, CFP®, ChFC®, joins Associated as a vice president, wealth advisor based in Minneapolis, bringing additional investment-management expertise and capacity to the market.
• Drew Burke, CFA®, vice president, portfolio manager, joins the bank to create customized investment portfolios and help private wealth clients pursue their long-term financial goals through disciplined investment strategies.

"These additions reflect our commitment to investing in the talent, expertise and capabilities needed to serve our clients at an even higher level," said Jayne Hladio, executive vice president and president of Associated Bank Private Wealth. "We are bringing together experienced professionals across wealth planning, investment management, private banking and fiduciary services to create a stronger, more comprehensive Private Wealth offering in the Twin Cities."

The growing Private Wealth team builds on the recent additions of senior leaders Ken LaChance, senior vice president, senior private wealth advisory market leader, Minneapolis, and Lisa Buetow, senior vice president, managing director of Private Banking.

The Twin Cities team also benefits from the expanded fiduciary leadership of Tom Baranko, J.D., CTFA®, senior vice president, senior director of Fiduciary Administration. Based in Chicago, Baranko leads fiduciary administration across Trust, with responsibility for fiduciary governance, trust administration practices, policy and procedure development, risk management, regulatory readiness and colleague development across Associated Bank Private Wealth.

His role strengthens Associated's fiduciary capabilities across its footprint while supporting the continued development of the bank's trust business.

"We have a strong foundation in the Twin Cities, and we see significant opportunity to continue building on it," said Heath Sorenson, executive vice president and CEO, Associated Trust Company, Associated Bank Private Wealth. "Adding experienced talent across multiple disciplines gives us the ability to bring more resources to our clients and create deeper, more coordinated relationships."

The Twin Cities expansion is part of Associated's broader investment in Private Wealth talent and capabilities across its footprint. By combining local-market expertise with specialized resources across the organization, Associated is positioned to support continued growth and deliver enhanced service to clients.

Associated Bank Private Wealth provides a comprehensive range of wealth management, trust, fiduciary, investment and private banking services designed to help individuals, families, businesses and institutions manage and preserve their wealth. Through an integrated team of professionals, Associated delivers customized strategies and solutions aligned with clients' financial goals and needs.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of approximately $52 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.