Associated Banc-Corp (ASB) 10-K 2010 FY Annual report

Exhibit 21

Subsidiaries of the Parent Company

The following bank subsidiaries are national banks and are organized under the laws of the United States:

Associated Bank, National Association
Associated Trust Company, National Association

The following non-bank subsidiaries are organized under the laws of the State of Arizona:

Banc Life Insurance Corporation
First Reinsurance, Inc.

The following non-bank subsidiaries are organized under the laws of the State of Minnesota:

Financial Resource Management Group, Inc., d/b/a AFG Financial Services, Inc.
Riverside Finance, Inc.

The following non-bank subsidiaries are organized under the laws of the State of Nevada:

ASBC Investment Corp.
Associated Wisconsin Investment Corp.
Associated Illinois Investment Corp.
Associated Minnesota Investment Corp.

The following non-bank subsidiary is organized under the laws of the State of Vermont:

Associated Mortgage Reinsurance, Inc.

The following non-bank subsidiaries are organized under the laws of the State of Wisconsin:

ABR1, LLC
Associated Commercial Finance, Inc.
Associated Community Development, LLC
Associated Financial Group, LLC
Associated Illinois Real Estate Corp.
Associated Investment Management, LLC
Associated Investment Services, Inc.
Associated Investment Partnership I, LLC
Associated Investment Partnership II, LLC
Associated Investment Partnership III, LLC
Associated Minnesota Real Estate Corp.
Associated Mortgage, LLC
Associated MN Commercial RE, LLC

Associated MN Retail RE, LLC
Associated New Markets Fund, LLC
Associated Risk Group, LLC
Associated Wisconsin Real Estate Corp.
First Enterprises, Inc.
IQuity Group, LLC
Kellogg Asset Management, LLC