Gary Schaefer, Associated Bank corporate executive and Madison senior market president, will retire from his position on December 31, 2018. Executive Vice President and Head of Consumer and Business Banking David Stein will succeed Schaefer as Madison market president.
A 45-year industry veteran, Schaefer joined Associated Bank in 1995. He has been instrumental in growing the company and brand in the greater Madison area, while remaining active in a variety of high profile civic and charitable organizations.
“For nearly 25 years, Gary has been a true asset to Associated Bank and to the clients and communities we serve,” said Philip B. Flynn, president and CEO, Associated Bank. “We thank Gary and wish him the best in his retirement.”
Stein joined Associated Bank in 2005 and has more than 30 years of banking experience. He currently chairs the board of trustees for the State of Wisconsin Investment Board, which oversees management of over $100 billion in state pension funds.
Headquartered in Green Bay, Associated Bancorp has total assets of over $33 billion and is one of the top 50 publicly traded U.S. bank holding companies. It offers a full range of financial products and services from more than 230 banking locations throughout Wisconsin, Illinois and Minnesota, along with commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas.
