Associated Bank, N.A. (the “Bank”), the wholly-owned subsidiary of Associated Banc-Corp (the “Company”), was informed by the Office of the Comptroller of the Currency (“OCC”) that it will assess a civil money penalty in the amount of $500,000. This civil money penalty relates to the Bank’s Bank Secrecy Act/Anti-Money Laundering deficiencies identified in the OCC’s Consent Order dated February 23, 2012. The OCC lifted the Consent Order in March, 2014. The Company believes that there will be no additional civil money penalties imposed on the Bank related to the deficiencies identified in the Consent Order.
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FORWARD LOOKING STATEMENTS Statements made in this document which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management’s plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings or other measures of performance. Such forward-looking statements may be identified by the use of words such as “believe”, “expect”, “anticipate”, “plan”, “estimate”, “should”, “will”, “intend”, “outlook”, or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company’s most recent Form 10-K and subsequent SEC filings. Such factors are incorporated herein by reference. |
