Associated Buys $100M in Card Receivables
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.