Concerned About Deposit Safety?

More Information for less anxiety

You have undoubtedly heard of the turmoil and uncertainty affecting many parts of the financial industry. Some institutions have failed or come close to failing. Meanwhile, the government is taking various measures to help ensure the stability of the economy.

With all this activity, customers are understandably concerned. You want to know that when you make a deposit at Associated Bank that the money is safe and there for you when needed most.

As an Associated Bank customer, you have the peace of mind of knowing that you bank with a large, well-known institution. Associated Banc-Corp, our parent company, released third quarter results on October 16, 2008. Here are key facts:

• Associated Banc-Corp remains profitable, with net income of $37.8 million in the third quarter of 2008.
• Associated Banc-Corp has not reported a consolidated annual loss in its 39-year history as a publicly-held company.
• In October 2008, Associated Banc-Corp declared its 155th quarterly cash dividend without a reduction from the amount paid in the prior quarter.

As of September 30, 2008, Associated Bank, National Association:

• Had assets of $22.5 billion.
• Continued to meet the criteria established by the FDIC to be considered “well capitalized” under the Comptroller of the Currency’s rules. This is the highest level of capitalization recognized by banking regulators.

Associated Bank is the second largest bank headquartered in Wisconsin, and is known for its strong relationships with its customers and its communities, with many branch offices tracing their roots to the 1880s and 1890s. More than 5,000 Associated employees serve an estimated one million clients and customers through approximately 300 banking locations across our three-state footprint of Wisconsin, Minnesota and Illinois.

You can read Associated’s entire third quarter release by clicking here.

Associated Bank is FDIC insured

Customers’ bank deposits are protected by Federal Deposit Insurance Corporation insurance. Associated Bank is a member FDIC. Not one penny of insured savings has ever been lost by a customer of a federally insured bank.

Your bank deposits are FDIC-insured, dollar-for-dollar, up to the insurance limit. On October 3, 2008, Congress temporarily increased FDIC deposit insurance from $100,000 to $250,000 per depositor through December 31, 2009. After that, the basic insurance amount will be $100,000 per depositor, per insured bank unless future changes in the law occur.

There are legal and safe ways to receive FDIC insurance beyond $250,000. That is why it is important to talk to your banker if you are considering making any changes to your deposit accounts.

Certain retirement accounts, (IRAs, Section 457 deferred compensation plan accounts, self-directed 401(k) plans and self-directed Keogh plan accounts) are insured to $250,000.

There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic.

On October 14, 2008, the FDIC announced that non-interest bearing transaction deposit accounts at institutions participating in the FDIC’s “Transaction Account Guarantee Program”, including personal and business checking deposit accounts that do not earn interest, are fully insured for the entire amount in the deposit account. This unlimited insurance coverage is temporary and will remain in effect at participating institutions such as Associated Bank, N.A. until December 31, 2009. Note: The unlimited FDIC deposit insurance coverage may not be applicable to non-interest bearing transaction deposit accounts with a sweep feature. Non-deposit investment accounts are not FDIC insured.

Associated personal bankers and branch managers are prepared to assist with any questions you may have about your deposit accounts. They have brochures and comprehensive guides that explain FDIC coverage in great detail. There is also substantial information available (including an FDIC deposit insurance calculator) about the FDIC on its website, www.fdic.gov.

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