GREEN BAY - Associated Banc-Corp is showing off its new corporate headquarters at the Regency Building in downtown Green Bay.
Associated Bank officials say as they're designing their new headquarters, they are thinking about the future; specifically how to keep and attract new employees.
"No one element makes that happen, the job, the security of that organization, the pay, the way the space feels," explained Michael Teska, the bank's senior vice president director of facilities.
The bank, which is currently headquartered in Ashwaubenon, will be moving hundreds of workers downtown and planning for the possibility of future growth.
"This was one part of that equation, that we can provide an environment that, based on research – nationally – says this is where the next generation desires from an attribute standpoint regarding physical structure of the space," Teska said of the way floors 2 through 5 were designed.
That means more opens spaces, lots of natural light, places to go – like a planned first-floor café – and places for collaboration away from desk life. The sixth floor – the top floor – will be executive offices.
"Most of the structural elements are already complete," said Anthony Ferro, vice president construction project manager for the bank. "Construction will run about eight months, total, and we are on time and on budget."
From framing, to drywall, to ceilings, Ferro says the project is about 70 percent done. What's left, Ferro says is mostly cosmetic – office furniture, carpet and paint.
Associated Bank wouldn't say how much money was going into the project and would only show us the fourth floor – saying the other floors weren't ready to be seen. Despite the fact that Teska admitted there were already employees working on the fifth floor.
When it's all said and done at 433 Main Street, more than 400 employees will move from six locations – two of which it owns, four it leases – to the renovated Regency; and none of them will be brand new jobs. However, Teska says there will be room for growth of up to 630.
"I don't think we're going to grow to 600 colleagues in the next two years," said Teska. "But yes, if that growth would occur, it would be through new jobs in Associated Bank."
Bank officials say they hope the consolidation process will be done by July.
As for the two other downtown offices the bank currently owns, officials say they are looking to sell one. The other, officials say they will keep and re-purpose.
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