Associated Banc-Corp Welcomes New Leadership and Expands Services in the Twin Cities

Effective January 1, 2026, Mike Lebens will take the reins as the Twin Cities market president, succeeding Paul Schmidt, who has been instrumental in guiding the bank's commercial real estate and facilities operations. Schmidt announced his intention to retire at the end of 2025, marking the end of a significant chapter in his career at Associated, where he has served since 2015.

Lebens, who joined Associated in May 2024, brings extensive experience from his 22-year tenure at Wells Fargo, where he held various leadership roles. His appointment is expected to drive the bank's growth and innovation in the region. Phillip Trier, executive vice president and head of Corporate & Commercial Banking, expressed enthusiasm about Lebens' strategic mindset and collaborative leadership style, indicating that they will be key in advancing the bank's long-term goals in the Twin Cities.

The grand opening of the new Associated Bank branch located in the iconic IDS Center was a momentous occasion, celebrated with local partners, customers, and bank colleagues. The new branch spans 1,665 square feet of retail space and over 6,000 square feet of office space, representing a significant investment in the downtown Minneapolis market.

"This relocation to the IDS Center, a building so renowned it doesn't need an address, reflects our dedication to being part of the heartbeat of Minneapolis," stated Schmidt. The new branch replaces the former Baker Center location and increases Associated's footprint by 400 square feet, allowing the bank to better serve its existing clientele while attracting new business.

The IDS Center branch will offer a full suite of banking services, including:

This comprehensive offering is designed to cater to the diverse needs of the Minneapolis community, ensuring that clients have access to tailored financial solutions.

As part of its commitment to growth in the Twin Cities, Associated Bank is also relocating its Minneapolis offices to the 43rd floor of the IDS Center, anticipated to open in Spring 2026. This move will more than double the bank's current footprint at the PwC Tower, accommodating approximately 100 colleagues across key business lines such as commercial banking, commercial real estate, and relationship management.

Throughout its expansion, Associated Banc-Corp emphasizes its focus on relationships and personalized service. "I'm excited to continue proving why Associated is the bank to watch in the Twin Cities, and beyond," said Lebens. The bank aims not only to enhance its service offerings but also to foster strong relationships with clients and businesses, ultimately driving growth in the dynamic market.

With the new leadership of Mike Lebens and the opening of the IDS Center branch, Associated Banc-Corp is poised for significant growth and impact in the Twin Cities. The bank's strategic investments and commitment to personalized service position it as a key player in the region's economic momentum. As Associated continues to expand its footprint and service offerings, clients can expect a banking experience that prioritizes their unique needs and fosters lasting relationships.