GREEN BAY, Wis. - Associated Banc-Corp (NYSE: NYSE:ASB), a leading Midwest banking franchise, announced the election of Rodney Jones-Tyson to its Board of Directors during the company's Annual Meeting of Shareholders today. Jones-Tyson is currently the Global Chief Human Resources Officer at Robert W. Baird & Co. Incorporated, a financial services firm in Milwaukee.
With a career spanning over three decades in the financial services sector, Jones-Tyson has served in various senior roles, including Chief Risk Officer and Chief Operating Officer for Baird's global investment banking division. His experience is expected to bring valuable insight to Associated's strategic planning and growth initiatives.
Andy Harmening, President and CEO of Associated, expressed confidence in Jones-Tyson's abilities, citing his extensive background in human resources and operations leadership. Harmening anticipates a strong partnership with Jones-Tyson in guiding the bank's future direction.
Jones-Tyson also holds a position on the Board of Trustees of Investors Real Estate Trust, known as Centerspace, where he chairs the Compensation Committee. His academic credentials include an MBA from the University of Chicago Booth School of Business and a bachelor's degree in finance from the University of Maryland College Park.
Associated Banc-Corp, with total assets of $41 billion, is the largest bank holding company headquartered in Wisconsin. It provides a variety of financial services from nearly 200 banking locations across Wisconsin, Illinois, and Minnesota, and maintains loan production offices in several other states. The information regarding this new appointment is based on a press release statement.
InvestingPro Insights
As Associated Banc-Corp (NYSE: ASB) welcomes Rodney Jones-Tyson to its Board of Directors, the company's financial performance and market position remain key focal points for investors and stakeholders.
According to the latest data from InvestingPro, Associated Banc-Corp has a market capitalization of $3.13 billion and a Price/Earnings (P/E) ratio of 21.09 based on the last twelve months as of Q1 2024. This valuation metric offers a snapshot of what investors are willing to pay for a dollar of the company's earnings.
An InvestingPro Tip notes that the company has raised its dividend for 12 consecutive years, reflecting a commitment to returning value to shareholders. Moreover, Associated Banc-Corp has maintained dividend payments for an impressive 50 consecutive years, which is a testament to its financial durability and consistent performance, even in tumultuous market conditions.
The company's dividend yield stands at 4.08% as of the latest data, and it has experienced a notable 36.31% price total return over the last six months, suggesting a robust recovery in its share price. This performance is particularly relevant for long-term investors who are interested in both capital appreciation and income generation.
For those looking for more comprehensive analysis and additional InvestingPro Tips, visiting the company's page on InvestingPro will provide access to 6 more tips, including insights on earnings revisions and profit margins. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering a deeper dive into the financials and forecasts that could affect Associated Banc-Corp's future performance.
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