Associated Bank opens first Missouri branch in Dellwood, near St. Louis
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Associated Bank now has nine branches in the St. Louis area, with all of its previously existing locations on the Illinois side of the Mississippi River.
AT A GLANCE
Associated Bank opened its first Missouri branch
The Green Bay-based bank now has nine branches in the St. Louis metro area.
All of Associated's previously existing locations were on the Illinois side of the Mississippi.
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Wisconsin's largest state-based bank has opened its first branch in Missouri, which is its ninth in the St. Louis metro area.
Green Bay-based Associated Bank built out a nearly 6,000-square-foot space at 10044 W. Florissant Ave. in the Delwood Crossing shopping center. The bank chose Dellwood after forming an advisory council that identified the need for a branch and a Community Advocacy Center in the Dellwood-Ferguson area, said Shawn McCutcheon, Associated Bank's St. Louis-Metro East president.
The Community Advocacy Center is a space where events can be held to cover issues including financial literacy, hosting seminars for first-time homebuyers, and helping seniors with concerns about elder abuse and fraud, McCutcheon said.
McCutcheon declined to say how much the bank spent to convert the vacant space into the branch or details of the long-term lease. The branch has seven employees: a manager, a relationship banker, a universal banker, a teller, two affordable mortgage lenders and a community accountability officer.
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Shawn McCutcheon, Associated Bank's St. Louis-Metro East president
Associated Bank
The branch gives Associated a presence in four states. The bank also operates in Wisconsin, Minnesota and Illinois.
In 1997, Associated Bank entered the St. Louis market through the acquisition by its parent company, Associated Banc-Corp (NYSE: ASB), of First Financial Corp. Associated also added branches with the 2020 purchase of First National Bank in Staunton, Illinois. Before Monday's opening in Dellwood, all of Associated's St. Louis-area branches were on the Illinois side of the Mississippi, known as Metro East.
Associated Bank ranked as the 54th fastest-growing bank in the St. Louis area, based on year-over-year percentage change increase in total deposits at 4.21%, according to St. Louis Business Journal research published on April 11.
These are the 112 fastest-growing banks in the St. Louis region
Year-over-year change (%)
Rank Prior Rank Company name
1
1
1st Advantage Bank
2
2
Bank & Trust Co.
3
3
The Bank of Old Monroe View this list
Largest Milwaukee-area banks
Local deposits 6-30-24
Rank Prior Rank Business name
1
1
U.S. Bank NA
2
2
BMO Bank NA
3
3
JPMorgan Chase Bank NA View this list
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