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Associated Banc-Corp (ASB)
Banking Financial
Stock AI

Associated Banc-Corp Strengthens Private Wealth Division in Minneapolis

Last updated: May 21, 2026
Taurigo

1. Expansion Strategy

Associated Banc-Corp (NYSE: ASB) has announced a significant enhancement to its private wealth management services in Minnesota, marking a strategic move to bolster its presence in the Minneapolis market. The company has appointed two seasoned professionals, Ken LaChance and Gracia Cavanaugh, to lead its initiatives in this vital sector.

2. Key Appointments

Ken LaChance: Senior Private Wealth Advisory Market Leader

Ken LaChance has been named the Senior Private Wealth Advisory Market Leader for Minneapolis. With a wealth of experience in wealth management, LaChance is poised to take charge of the company's efforts to grow its private wealth services in the region. He will be based at the IDS Center in downtown Minneapolis and will report directly to Jayne Hladio, the Executive Vice President and President of Associated Bank Private Wealth. LaChance's appointment is seen as a pivotal step in strengthening Associated’s capabilities to offer tailored financial solutions to affluent clients.

Gracia Cavanaugh: Senior Wealth Planner

Joining LaChance is Gracia Cavanaugh, who will serve as the Senior Wealth Planner for Minnesota. Cavanaugh, a Certified Financial Planner (CFP®) with a Master’s degree, brings a robust skill set and extensive background in financial planning. Her expertise will be invaluable in designing comprehensive wealth strategies that meet the diverse needs of clients in the region.

3. Commitment to Growth

This expansion reflects Associated Banc-Corp's commitment to delivering exceptional service and innovative solutions within the private wealth sector. By enhancing its leadership team, the bank aims to deepen its engagement with high-net-worth individuals and families in Minneapolis, ensuring they receive personalized attention and expert advice tailored to their financial goals.

4. Conclusion

The addition of Ken LaChance and Gracia Cavanaugh to the Associated Bank Private Wealth team is a strategic move that underscores the bank's focus on growth and excellence in wealth management. As the Minneapolis market continues to evolve, Associated Banc-Corp is well-positioned to provide the expertise and resources necessary to support its clients’ financial aspirations.

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