Associated Buys $100M in Card Receivables

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Associated Banc-Corp (ASBC) has acquired $100 million in credit card receivables tied to the Green Bay, Wis., company's customers.

The $24.8 billion-asset company disclosed the transaction in a regulatory filing. Associated did not disclosed the identity of the third party that sold the receivables.

Separately, Associated said it expects to report average loan growth of roughly 3% for the second quarter, compared to a quarter earlier. The company will report its second-quarter results on July 17.


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