Associated Bank Hires New Twin Cities Market President

November 3, 2025

Source: Financial Regulation News

Associated Bank has hired Mike Lebens as its new Twin Cities market president, serving the Minneapolis-St. Paul region.

Lebens will replace Paul Schmidt in that role. Schmidt will retire at the end of 2025.

“Mike’s strategic mindset and collaborative leadership style will play a key role in advancing our long-term goals in the region, and we’re excited for the positive impact he will make for our clients, colleagues and communities,” Phillip Trier, executive vice president, head of Corporate and Commercial Banking, said. “Paul has been a valued partner, and someone I have worked closely with since joining the bank and helped us create our market strategy for the Twin Cities and laid the foundation for our growth you are seeing today.”

Lebens joined Associated Bank in 2024 from Wells Fargo where he spent 22 years in various leadership positions. He currently serves as senior vice president and commercial banking market leader.

“I’m excited to continue proving why Associated is the bank to watch in the Twin Cities, and beyond, which is thanks to Paul and Phil’s leadership,” Lebens said. “Associated’s focus on relationships and personalized service is what sets us apart, and I’m eager to lead our efforts to help clients and businesses build strong relationships as we drive growth in this dynamic market.”

The bank also celebrated the grand opening of its new downtown Minneapolis branch at the IDS Center at 80 S 8th St. The new branch has 1,665 square feet of retail space and over 6,000 square feet of office space.

“Relocating to the IDS Center, a building so renowned it doesn’t need an address, reflects our dedication to being part of the heartbeat of Minneapolis,” Schmidt said. “Our 18 branch locations across the state align with our broader business strategies which enable us to stay closely connected to our clients and communities that help us drive the region’s economic momentum.”

Schmidt, Lebens and Steve Zandpour, executive vice president and head of Consumer and Business Banking, were on hand at the ribbon cutting ceremony. They were joined by local business partners, customers, and colleagues to mark the momentous occasion.

Associated Bank, based in Green Bay, has total assets of $44 billion and is the largest bank holding company based in Wisconsin. It has nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, Minnesota and Missouri. The company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas.


 
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