Associated Bank

Posted October 13, 2020
  • Funded more than 7,000 loans totaling over $1 billion as part of the Paycheck Protection Program, helping to ensure paychecks to 90,000 people
  • Suspended certain transaction and late fees
  • Initiated loan payment deferrals and credit card payment relief programs
  • Suspended foreclosures and repossessions for consumers
  • Initiated loan payment deferral and credit card payment relief programs; suspended certain loan late fees
  • One of first banks to suspend lobby access, transitioning to primarily online, mobile and drive thru services, in support of colleague health
  • Shifted approximately 3,200 colleagues (~68% of workforce) to work from home
  • Continued to pay colleagues whose work was affected by changes to its services
  • Provided additional payments to colleagues whose work required them to be in company facilities
  • Donated $150,000 to several local United Way chapters to fund community-based COVID relief programs
  • Committed $50,000 to several response funds
  • Provided Disaster Recovery Fund (MDRF) to assist with housing and small business relief efforts
  • Implemented virtual volunteer program to encourage colleagues to safely give back to their communities

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