GREEN BAY - The parent company of Associated Bank has decided to move its headquarters back to downtown Green Bay.
Associated Banc-Corp is working on acquiring property for offices but has not disclosed the location.
The company released a statement saying, "No formal actions have been finalized at this time."
However, multiple sources have told FOX 11 one of the primary locations being considered is the mostly vacant Regency Center on Main Street.
The move to downtown Green Bay is a homecoming for Associated Bank. The company was headquartered there for more than 120 years. Then 14 years ago, it moved to Hansen Road in Ashwaubenon.
Green Bay downtown development officials say they are excited hundreds of jobs will be moving downtown.
"Timing is perfect," says Jeff Mirkes with Downtown Green Bay Inc. "Downtown has momentum. This is an exciting time for companies to say this is where our headquarters belong and we're just elated about the news."
Ashwaubenon leaders say the village now has some work to do. Village President Mike Aubinger told FOX 11, "There's a building we'll have to fill. You know that sort of thing. But that give us a challenge to do that. And that's what we're going to have to do. So, I'm not upset about it. I'm happy for the city of Green Bay."
Associated Banc-Corp. has not yet released a timetable for a move from Ashwaubenon.
Company officials say they will release more details during a news conference on Monday.
It was a scary situation today for one Winnebago County sheriff's deputy after responding to a crash along Highway 41.
A Greenleaf dairy farm says it has fired two employees and barred a third from handling animals after video shot by an undercover activist showed workers hitting, kicking, stabbing and whipping cows.
On Wednesday, a state committee will release its recommendations on what Wisconsin should do with the Common Core standards.
Cheers for a big check at an Appleton elementary school.
The victim in a weekend shooting at an Appleton night club has died, according to Appleton police.
The possibility of a Walmart store in downtown Green Bay is still alive.