GREEN BAY — Associated
Banc-Corp, the parent company of Associated Bank, announced it
completed the previously announced acquisition of Whitnell & Co., a
wealth management and multi-family office services firm based in Oak
Whitnell will be part of
Associated’s Private Client & Institutional Services group.
According to the announcement, the acquisition is intended to
enhance Associated’s ability to provide comprehensive financial
services related to tax, charitable and estate planning.
“The acquisition of Whitnell
aligns with our continued focus on improving the customer experience
and strategy to drive shareholder value through a diverse set of
specialty businesses,” said Philip B. Flynn, president and CEO of
Associated, in a statement. “With the addition of Whitnell, we can
offer a unique set of additional planning, asset management and
related services to high net worth clients across our markets.”
Whitnell’s more than 25
employees will continue to work for Associated Banc-Corp. Whitnell
has approximately $1 billion assets under management.