Green Bay-based Associated Bank plans to open a new branch in the River Renaissance building at 102 N. Water St. in Milwaukee’s Historic Third Ward.
The bank leased the 1,640-square-foot space from Colliers International|Wisconsin. Construction will begin in October, and the branch is expected to open in March 2015.
The new branch will offer 24/7 self-service banking solutions and a digital demonstration zone, where customers can sign up for online banking and use Associated’s online and mobile applications.
On Monday, Associated Bank opened its new 3,011-square-foot Haymarket Square location at 1301 N. Martin Luther King Jr. Drive, just north of the Park East corridor in downtown Milwaukee. That branch offers seven-day banking and extended hours.
The Associated Bank branch on the first floor of the First Financial Centre office building at 700 N. Water St. in downtown Milwaukee closed Thursday. That 14-story office building will be sold this week in an online auction at auction.com.
Associated Bank also has a branch at 401 E. Kilbourn Ave. in downtown Milwaukee.
The new branch will be one of just two bank branches in the Third Ward neighborhood. The other is a branch of Greenfield-based Pyramax Bank at 318 N. Water St.
“We’re really pleased to continue our development into Milwaukee’s vibrant Third Ward neighborhood,” said John Halechko, executive vice president, director of branch banking, Associated Bank. “Downtown Milwaukee represents an important market for Associated Bank, and we are committed to serving both our customers and the downtown community.”
