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New downtown Green Bay headquarters for Associated Banc-Corp

GREEN BAY, WI (WTAQ) - Associated Bank-Corp cut the ribbon Monday on their new company headquarters in downtown Green Bay.

They took over the Regency Building at 333 Main Street. The bank relocated from Ashwaubenon, where it has been based for around 15 years.

What was a mostly empty building in downtown Green Bay is now the new home for about 500 Associated Banc-Corp, employees.

“I originally was downtown before we moved out to Ashwaubenon,” said Lisa Kaiser, a project coordination manager at Associated. “Coming back is like coming home.”

Associated closed on the property last fall. On Monday the company celebrated the $20 million move with a ribbon cutting.

“We essentially gutted the inside of the building,” said Philip Flynn, the company’s president and CEO. “We didn't do much to the outside other than put a new roof on, but if you upstairs and take a tour, we took a building that's about 30 years old and made it feel very contemporary, light, modern and open.”

The building brings together employees from six locations. Microwaves were all purposely placed on the first floor as one way of hopefully everyone getting to know each other.

“There's an economic benefit of being in one place, but there's also all these intangible benefits of having everyone working together and seeing each other all day,” said Flynn.

From the color of the carpet to the names of conference rooms, employees had a say in the process.

City leaders hope the move is just the start of companies choosing to relocate downtown.