GREEN BAY, Wis. - Associated Banc-Corp (NYSE: NYSE:ASB), headquartered in Green Bay, Wisconsin, announced today the hiring of Chun Schiros as its new senior vice president and chief analytics officer. Schiros, a seasoned professional in data and analytics, will be responsible for improving the bank's data access and utilization to enhance customer experiences across various business sectors, including consumer and corporate banking.
Chun Schiros brings a wealth of experience from her previous role at Regions Bank, where she led the enterprise data science team. Her work involved the development and implementation of predictive models and advanced analytics, leveraging artificial intelligence (AI) and machine learning to drive business outcomes. Schiros has been recognized for her contributions to the field by American Banker Magazine and Corinium Global Intelligence.
Bryan Carson, executive vice president and chief product and marketing officer at Associated, expressed enthusiasm for Schiros's expertise in data-driven strategies and technology, emphasizing the bank's commitment to a more personalized banking experience for customers. The recruitment of Schiros aligns with Associated's strategic plan to enhance talent and technology within key business units, aiming to integrate customer feedback and insights for targeted product and service improvements.
Schiros holds advanced degrees in electrical engineering and probability and statistics from Auburn University and will be based in Milwaukee.
Associated Banc-Corp is the largest bank holding company in Wisconsin, with total assets of $41 billion. It operates a network of nearly 200 banking locations across Wisconsin, Illinois, and Minnesota, and maintains loan production offices in several other states. The company prides itself on being an Equal Housing Lender and Equal Opportunity Lender.
This personnel update is based on a press release statement from Associated Banc-Corp.
InvestingPro Insights
As Associated Banc-Corp (NYSE: ASB) welcomes Chun Schiros to spearhead advancements in data analytics, the company's financial health and market performance remain a focal point for investors. With a market capitalization of approximately $3.3 billion, the company is a significant player in the regional banking landscape. Schiros's expertise in predictive models and advanced analytics may be instrumental in driving ASB's business outcomes, particularly in an environment where the bank's P/E ratio stands at 22.43, reflecting investor expectations of future earnings growth.
The company's commitment to shareholder returns is evidenced by a notable InvestingPro Tip: ASB has raised its dividend for 12 consecutive years, and impressively, has maintained dividend payments for 50 consecutive years. This consistent dividend growth, with a current yield of 3.97%, positions ASB as a potentially attractive option for income-focused investors. Additionally, the bank has experienced a large price uptick over the last six months, with a six-month price total return of 32.41% and trading near its 52-week high, which is 98.84% of the peak price.
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