Associated may post 2Q net loss - Washington Business Journal:

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Charge-offs totaled $104 million at the end of the first accordingto Associated’s filing with the Federak Deposit Insurance Corp. Meanwhile, second quartef net charge-offs are expected to be between $60 million and $70 million, Green Bay-based Associatefd (NASDAQ: ASBC) said Monday The figure was $56.9 million as of the end of the first quarteer onMarch 31. The bank’s management said weakness in the economty has resultedin asset-quality downgradez to Associated’s construction, commerciakl real estate and commerciap and industrial credits.
“We believs loan loss provisionsand charge-offz will remain elevated due to the continued deterioration in the real estatse sector and the weak said chairman and CEO Paul Beideman. “We expect the pace of loan and asse deterioration to moderate in future Associated executives said after taking into consideration theincreasedd loan-loss provision, the company’s capital levels will stil exceed well-capitalized standards as of June 30. Associatedd said its board has formedd a risk and credit committee to supplement risk managementt oversight performed by the company andthe company' audit committee.
The board has appointed to the new committeweJohn Seramur, Eileen Kamerick and Richard The company will release second-quarter results on July 16. Associatedx stock closed at $13.37 on Monday.