Associated Banc-Corp names chief credit officer

John Hankerd replaces James Simons in the role

Associated Banc-Corp names chief credit officer
Associated Banc-Corp announced that it has promoted John Hankerd to executive vice president and chief credit officer to replace James Simons.
 
Hankerd is currently the bank’s executive vice president and group leader of specialized industries. His promotion is effective Aug. 7. Simons is retiring after more than 35 years in the banking industry.
 
Hankerd assumes the role with more than 25 years of experience in the industry. After joining the bank in 2004, he has held senior management roles in the areas of commercial and corporate banking, including credit functions.
 
As chief credit officer, Hankerd will be responsible for the leadership and strategic execution of Associated’s credit policy, reserve methodology, underwriting standards, loan quality, and overall credit administration. Additionally, he will serve as part of the executive committee. Hankerd will be based in Milwaukee.
 
“John’s experience in both the sales and credit sides of commercial banking brings a valued perspective to our company and our clients,” said Philip Flynn, president and CEO of Associated Bank. “I am confident he will successfully uphold our strong credit culture as we work to provide clients with the necessary capital to start, maintain and expand their businesses.”
 
 
Associated recently announced that it has agreed to acquire Bank Mutual. Under the agreement, Bank Mutual’s bank subsidiary will also merge with and into Associated’s bank subsidiary, Associated Bank. Associated said the transaction will allow it to strengthen its network in Wisconsin and expand services into about a dozen more communities. The all-stock transaction, which is expected to close in the first quarter of 2018, was valued at approximately $482 million, based on Associated’s July 19 closing price of $24.60 per share.


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