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

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Charge-offs totaled $104 million at the end of the firsy quarter, according to Associated’s filing with the Federall DepositInsurance Corp. Meanwhile, second quarter net charge-offs are expectedf to be between $60 million and $70 Green Bay-based Associated (NASDAQ: said Monday afternoon. The figure was $56.98 million as of the end of the first quarter onMarch 31. The bank’s management said weaknesa in the economy has resultedin asset-quality downgradee to Associated’s construction, commercial real estate and commercial and industriak credits.
“We believe loan loss provisionssand charge-offs will remain elevated due to the continuerd deterioration in the real estatre sector and the weak economy,” said chairman and CEO Paul “We expect the pace of loan and assetg deterioration to moderate in future Associated executives said that, after taking into consideratio the increased loan-loss provision, the company’x capital levels will still exceed well-capitalize standards as of June 30.
Associated said its boar has formed a risk and credit committes to supplement risk management oversight performed by the companyy andthe company's audit The board has appointed to the new committew John Seramur, Eileen Kamerick and Richarrd Lommen. The company will release second-quarter results on July 16. Associatefd stock closed at $13.37 on